Regulation 92 - Deputation and External Assignment - Securities And Exchange Board Of India (Employees' Service) Regulations, 2001

1 [Deputation and External Assignment 92. An employee of the Board may be sent on deputation or on external assignment to serve under any other employer: Provided that such deputation or external assignment shall be pursuant to the approval of the Board and shall be in accordance with such terms and conditions as may be specified by the Board from time to time: Provided further that an employee shall not be sent on deputation or on external assignment against his will. ] *************** NOTES: 1. substituted by the SEBI (Employees Service) (Second Amendment) Regulations, 2018, w.e.f. 31-5-2018. Prior to its substitution, said Regulation read as under : Deputation of employees to other services 92. (1) Without prejudice to the provisions of Regulation 91, no employee of the Board may be deputed to serve under any other employer without the approval of the Chairman who shall determine the duration of such deputation and the terms and conditions on which the deputation shall take effect ; Provided that no employee may be deputed to foreign service against his will. (2) Where the services of an employee of the Board are placed (2) at the disposal of a foreign employer, it shall be a condition of the deputation that the foreign employer shall, during the periods of such deputation, bear the entire cost of the services of the employee including the following, viz., (a) Pay during joining time, (b) Travelling allowances payable to the employee to enable him to join his appointment under a foreign employer and to return to his appointment in the Board on the termination of his deputation, (c) Leave earned during the period of deputation, (d) The employee s contributions to the employee s account in the Board s Provident Fund, and (e) If the employee is entitled to pension under the Board, an amount, as may be determined by the Chairman, sufficient to cover the Board s liability towards the pension for the period the employee is on deputation. In addition, the foreign employer may also be required to make a contribution towards any gratuity or other sum for which the employee may become eligible on his retirement, on such scale as may be fixed by the Chairman.