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1[15-O. Salary and allowances and other terms and conditions of service of Presiding Officers.-- The salary and allowances payable to, and the other terms and conditions of service (including pension,
gratuity and other retirement benefits) of, the 2[Presiding Officer and other Members of a Securities
Appellate Tribunal] shall be such as may be prescribed:
Provided that neither the salary and allowances nor the other terms and conditions of services of the
3[Presiding Officer and other Members of a Securities Appellate Tribunal] shall be varied to their
disadvantage after appointment.]
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1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).
2. Subs. by Act 59 of 2002, s. 22, for "Presiding Officer of a Securities Appellate Tribunal" (w.e.f. 29-10-2002).
3. Subs. by s. 22, ibid., for "said Presiding Officers" (w.e.f. 29-10-2002).