Section 21 in Securities and Exchange Board of India (Employees' Service) Regulations, 2001
21. When allowance to cease.
- Pay and allowances shall cease to accrue from the date as an employee ceases to be in service.In the case of an employee dismissed, removed or compulsorily retired from the Board's service, the pay and allowances shall cease from the date of his dismissal, removal or compulsory retirement. In the case of an employee who dies while in service, they shall cease from the day following that on which the death occurs.
