Regulation 16 - Promotion - Securities And Exchange Board Of India (Employees' Service) Regulations, 2001

Promotion 6 [ 16. All promotions, upgradation and switchover shall be made at the discretion of the Board and governed by the policies laid down by the Competent Authority from time to time. ] ************ NOTES:- 1 Inserted by SEBI (Employees Service) (Second Amendment) Regulations, 2012, w.r.e.f. 19-11-2012. 2 Substituted by the SEBI (Employees Service) (Amendment) Regulations, 2012, w.e.f. 2-5-2012. Prior to the same, it read as except promotions to Officer Grade C and Officer Grade E , inserted by the SEBI (Employees Service) (Amendment) Regulations, 2010, w.e.f. 30-1-2008. 3 Substituted for and Library Assistants by the SEBI (Employees Service) (Amendment) Regulations, 2012 w.e.f. 2-5-2012. 4 Words Receptionist-com-Telephone Operator and omitted by SEBI (Employees Service) (Amendment) Regulations, 2010 w.r.e.f. 30-1-2008. 5. Inserted vide Notification No. SEBI/ LAD-NRO/GN/2020 /26 dated 05-08-2020 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/111 dated 30-12-2022 before it was read as, 16. (1) All promotions shall be made at the discretion of the Board and notwithstanding his seniority in a grade no employee shall have a right to be promoted to any particular post or grade. Provided that an employee, who has put in a minimum of 3 years of service in any post or grade, when promotion opportunities arise, shall be eligible for consideration of promotion to a higher post. Provided further that an employee in any grade in the cadre of secretarial staff, accounts assistants and library assistants who possess requisite qualifications may be considered for switch over to the 1 [corresponding grade in the] Officer cadre against such vacancies, which shall be 10% of total vacancies arising in a calendar year, as may be notified by the Competent Authority, subject to such employees qualifying in a departmental test conducted by the Competent Authority or by an outside agency engaged by the Board and interview to be conducted by the Competent Authority for this purpose. 5 [ Provided further that an employee working as Junior Secretarial Assistant, Junior Accounts Assistant, Junior Library Assistant or Junior Engineer, who has completed minimum seven years of service and possesses the requisite qualifications for Officer Grade A as given in these Regulations, may be considered for switch over to Grade A in the Officer cadre against the vacancies, which shall be within the overall 10% vacancies as mentioned in the second proviso and as may be notified by the Competent Authority subject to such employee qualifying in the departmental test conducted by the Competent Authority or by an outside agency engaged by the Board and interview to be conducted by the Competent Authority for this purpose. ] (2) All promotions shall be against vacancies in sanctioned posts declared by the competent authority 2 [except promotions up to Officer Grade C] and shall be based on- (a) Seniority, merit and suitability in the cases of Officers and Secretarial Staff, Accounts Assistants 3 [, Library Assistants, Junior Secretarial Assistants, Junior Accounts Assistants, Junior Library Assistants and Junior Engineers]; (b) Seniority and merit in the cases of 4 [***] Messenger, Cook, Driver, Messenger-cum-Driver, Messenger-cum-General Assistant. Provided that in assessing the suitability of the employee for promotion, the performance of the employee in the post or grade, from where he is being considered for promotion, shall be considered. (3) For the purpose of promotions, Chairman shall constitute a Departmental Promotion Committee comprising such number of persons including external expert which may conduct interviews, if so decided, for selection of employees for considering promotion to the next grade or post. Provided that in the case of promotions to the post of Executive Director, the Committee shall consist of Chairman and two other members of the Board.