SECURITIES AND EXCHANGE BOARD OF INDIA (EMPLOYEES' SERVICE) (SECOND AMENDMENT) REGULATIONS, 2017 - SEBI/LAD-NRO/GN/2017-18/002 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th May, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (EMPLOYEES' SERVICE) (SECOND AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD-NRO/GN/2017-18/002.- In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Employees' Service) Regulations, 2001, namely,- 1. These regulations may be called the Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Employees' Service) Regulations, 2001,- (I) In the Schedule to clause (b) of sub-regulation (4) of Regulation 6, in the heading to column 3, the words and symbols /Contract Recruits, wherever applicable shall be inserted after the words Direct recruits ; (II) In the Schedule to clause (b) of sub-regulation (4) of Regulation 6, in row 1, (a) column 2 shall be substituted with the following, - (a) Promotion; (b) Deputation from Govt, RBI, Banks, Financial Institutions Academic institutions; (c) On contract basis. 2/3rd of the total posts from internal candidates and the remaining 1/3rd to be filled up by deputation/contract. In case of non-availability in any category i.e. internal and deputation/contract, the post may be filled from other categories. (b) in column 6 - i. the word and before the word two shall be substituted with the symbol , ; ii. after the words two other members of the Board and before the words shall constitute the words and two external experts to be nominated by the Chairman shall be inserted. AJAY TYAGI, Chairman [ADVT.-III/4/Exty./72/17] Footnote: 1. The Securities and Exchange Board of India (Employees Service) Regulations, 2001, were published in the Gazette of India on 6th September, 2001 vide S.O. No. 857(E). 2. They were subsequently amended - (a) On 23rd December, 2003 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2003 vide F. No. SEBI/LE/15/2003. (b) On 25th May, 2004 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2004 vide S.O. No.623(E). (c) On 11th April, 2007 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2007 vide F. No.11/LC/GN/2006/2143. (d) On 14th January, 2010 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2010 vide notification No. LADNRO/GN/2009-10/28/190983. (e) On 12th October, 2010 by the Securities and Exchange Board of India (Employees Service) (Second Amendment) Regulations, 2010 vide notification No. LAD-NRO/GN/2010-11/17/22954. (f) On 10th October, 2011 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2011 vide notification No. LAD-NRO/GN/2011-12/26/31671. (g) On 2nd May 2012 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2012 vide notification No. LADNRO/GN/2012-13/03/5290. (h) On 19th November 2012 by the Securities and Exchange Board of India (Employees Service) (Second Amendment) Regulations, 2012 vide notification No. LAD-NRO/GN/2012-13/223/5429. (i) On 8th October, 2013 by the Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2013 vide notification No. LADNRO/GN/2013-14/27/6721. (j) On 26th February, 2015 by the Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2015 vide notification No. LADNRO/GN/2014-15/22/366. (k) On 21st April, 2015 by the Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2015 vide notification No. SEBINRO/OIAE/GN/2015-16/002. (l) On 30th November, 2016 by the Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-17/016. (m) On 15th December, 2016 by the Securities and Exchange Board of India (Employees Service) (Second Amendment) Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-17/024. (n) On 27th April, 2017 by the Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/001.