Amendment in the Securities Appellate Tribunal (Salaries, Allowance and other Terms and Conditions of Presiding Officer and Other Members) Rules, 2003 in rule 4, 5, 6.

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....he powers conferred by section 15L read with section 15M and clause (f) of sub-section (2) of section 29 of the Securities and Exchange Board of India Act, 1992, the Central Government hereby makes the following rules to amend the Securities Appellate Tribunal (Salaries, Allowance and other Terms and Conditions of Presiding Officer and Other Members) Rules, 2003, namely :- 1. (1) These rules may ....

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.... shall be paid such salary as admissible to a Secretary to the Government of India : Provided that if the Presiding Officer or a Member is in receipt of any retirement benefit by way of pension, gratuity, employer's contribution to Contributory Fund etc., the pay of such Presiding Officer/Member shall be reduced by the gross amount of pension or employer's contribution to the Contributory Provide....

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....to which he belongs. (2) The Presiding Officer and Members of the Securities Appellate Tribunal shall be governed by the provisions of the General Provident Fund (Central Services) Rules, 1960 and in all other cases, a person shall be entitled to Contributory Provident Fund."; (iii) in the said rules, for rule 6, the following rule shall be substituted, namely:- "6. Travelling Allowance.-(1) Th....