Definitions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the Chairman. (d) "compensatory allowance" means an allowance granted to meet expenditure necessitated by the special circumstances in which the duty is performed. (e) "Competent Authority" means, (i) ^3[In the case of officers, the Chairman], which expression shall also include whole- time member of the Board or Executive Director, in regard to any matter or power to be dealt with or exercisable by the Chairman under these Regulations, but which are delegated to him. (ii) In the case of all other employees, concerned ) Executive Director, which expression shall also include, any officer lower in rank, in regard to any matter or power to be dealt with or exercised by the Executive Director under these Re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s (i) Spouse of the employee; (ii) Dependent children of the employee, including Step children and Adopted children; (iii) Any person for whom the employee serves as legal guardian and substantially dependent on such employee; and (iv) Any other person related to by blood or marriage to the employee or his spouse, and substantially dependent on such employee.] ^7[(ha) "Financial investment" means investment or deposit in any financial assets.] (i) "leave pay" means the monthly pay which the employee would have drawn while on duty but for proceeding on leave. ^8[(ia) "Non-permitted Investment" means investment that is not permitted to be made by an employee during his period of s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ptional circumstances, on other personal considerations; ^10[(ka) "Professional interest" means any interest on account of employment or engagement as advisor or consultant during the last three years with an entity not being employment or engagement with the Central Government, State Government, Government or Statutory Organization. (kb) "Relational interest" means any interest on account of association as family member or relative. (kc) "Relative" means relative as defined under section 2(77) of the Companies Act 2013.] (l) "special allowance" means an addition, in the nature of an allowance, to the pay attached to a post or of an employee, granted at the discretion of the Board or its duly appointed au....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....porting the masculine gender shall be taken to include females and transgender persons] wherever the context warrants and singular will also include plural.     ************ NOTES:- 1 Inserted by the SEBI (Employees' Service) (Second Amendment) Regulations, 2018, w.e.f. 1.6.2018 2 Inserted ibid. 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/111 dated 30-12-2022 before it was read as, "The Chairman in the case of officers" 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/111 dated 30-12-2022 before it was read as, "the terms 'he', 'him', 'his' and 'himself' shall also refer to 'she', 'her' and 'herself'" ....