Securities And Exchange Board of India (Employments’ Service) (Amendment) Regulations, 2013. - LAD-NRO/GN/2013-14/27/6721 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 8th October, 2013 Securities And Exchange Board of India (Employments Service) (Amendment) Regulations, 2013 No. LAD-NRO/GN/2013-14/27/6721.- In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) , the Board hereby makes the following regulations to 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) (Amendment) Regulations, 2013. 2. These regulations 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, after regulation 36, the following regulation shall be inserted, namely,- Special causal leave for child care. 36A. (1) Special casual leave for child care may be granted to a female employee who is a mother, for taking care of two eldest surviving children who have not attained the age of twelve years, for a period of fifteen days per annum for each child. (2) The special causal leave for child care will be admissible for looking after the various needs of the child like medical needs, educational needs and other child rearing requirements. (3) Special causal leave for child care cannot be clubbed with any other type of leave and the intervening holidays during the period of leave would also be counted for the purposes of the said leave. (4) The special causal leave for child care may be availed in multiple spells in one calendar year and the unavailed leave would lapse at the end of every calendar year. (5) Leave fare concession cannot be availed during the period of the special causal leave for child care. (6) The employee can proceed on special causal leave for child care only after obtaining the approval of such leave from the competent authority : Provided that in case of any genuine exigency, if it is not possible for any employee to obtain such permission in advance, she shall intimate her absence to such authority within 24 hours : Provided further that such authority may condone the delay, if any, in this behalf if he is satisfied that an employee was not in position to intimate her absence for reasons beyond her control. Explanation .-For the purpose of this regulation, the term child shall mean both natural and adopted. U. K. SINHA, Chairman [ADVT. III/4/Exty./69 ZB/13] Foot Notes : 1. The Securities and Exchange Board of India (Employees Service) Regulations, 2001, were published in the Gazette of India on 6th September, 2001 vide No. S.O. 857(E). 2. The Securities and Exchange Board of India (Employees Service) Regulations, 2001 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 No. S.O. 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. LAD-NRO/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. LAD-NRO/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.