Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2024. - SEBI/LAD-NRO/GN/2024/165 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 7th February, 2024 SECURITIES AND EXCHANGE BOARD OF INDIA (EMPLOYEES SERVICE) (AMENDMENT) REGULATIONS, 2024 No. SEBI/LAD-NRO/GN/2024/165 ─ 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 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) (Amendment) Regulations, 2024. 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 regulation 6, in sub-regulation (4), clause (d) shall be substituted by the following, namely, (d) Competent authority shall constitute a selection committee, comprising such number of persons and outside experts as may be determined for recruitment and promotion: Provided that for recruitment at the level of Executive Director on deputation or contract, the Competent authority shall constitute a search-cum-selection committee, comprising such number of persons and outside experts as may be determined: Provided further that the appointment to the post of Executive Director shall be approved by the Board before an offer of appointment is issued to the selected candidate. II. In the Schedule, in the Table, i. in the heading in column 5, after the word Committee , the words and symbol / Search-cum-Selection Committee shall be inserted. ii. in row 1, in column 5, the text shall be substituted with the following, namely, For Promotion - Chairman, two other members of the Board and two external experts to be nominated by the Chairman shall constitute the Selection Committee. For Deputation/ Contract - Chairman, two other members of the Board and two external experts to be nominated by the Chairman shall constitute the Search-cum-Selection Committee. [In case of deputation from Government or other organizations, terms and conditions of deputation to be finalized in consultation with the lending organization.] BABITHA RAYUDU, EXECUTIVE DIRECTOR [ADVT.-III/4/Exty./737/2023-24] Footnotes: 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 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 Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2015 vide notification No. LAD-NRO/GN/2014-15/22/366. (k) On 21st April, 2015 by 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 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 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 Securities and Exchange Board of India (Employees Service) (Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/001. (o) On 17th May, 2017 by Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/002. (p) On 13th July, 2017 by Securities and Exchange Board of India (Employees Service) (Third Amendment) Regulations, 2017 vide notification No. SEBI/LAD-NRO/GN/2017-18/010. (q) On 27th April, 2018 by Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/09. (r) On 31st May, 2018 by Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/18. (s) On 13th August, 2018 by Securities and Exchange Board of India (Employees' Service) (Third Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/29. (t) On 8th May 2019 by Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2019 vide notification No. SEBI/LAD-NRO/GN/2019/15. (u) On 5th August, 2020 by Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2020 vide Notification No. SEBI/ LAD-NRO/GN/2020/26. (v) On 24th January, 2022 by Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2022 vide Notification No. SEBI/ LAD-NRO/GN/2022/65. (w) On 22nd June, 2022 by Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2022 vide Notification No. SEBI/LAD-NRO/GN/2022/87. (x) On 30th December, 2022 by Securities and Exchange Board of India (Employees' Service) (Third Amendment) Regulations, 2022 vide Notification No. SEBI/LAD-NRO/GN/2022/111. (y) On 15th May, 2023 by Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2023 vide Notification No. SEBI/LAD-NRO/GN/2023/129. (z) On 20th October, 2023 by Securities and Exchange Board of India (Employees' Service) (Second Amendment) Regulations, 2023 vide Notification No. SEBI/LAD-NRO/GN/2023/156.