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of <h1>SEBI Amends 1992 Rules: New Provisions for Part-Time Members, Including Tenure, Re-appointment, and Meeting Fees.</h1> The Securities and Exchange Board of India (SEBI) has amended the Terms and Conditions of Service of Chairman and Members Rules, 1992. Effective from the date of publication, the amendments introduce new provisions for part-time members. These include a maximum tenure of three years, eligibility for re-appointment, and terms for filling casual vacancies. Part-time members will receive a fee of one thousand rupees per board meeting attended and are entitled to travel and daily allowances equivalent to those of an Additional Secretary to the Government of India.
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