Regulation 15 - Seniority - Securities and Exchange Board of India (Employees’ Service) Regulations, 2001

Seniority 15. 1 [(l) An employee confirmed in the services of the Board shall ordinarily rank for seniority in his/her grade, according to the date of his/her confirmation in that grade, as follows : (a) All India direct recruitment through open competition/internal promotions through switch over to the officer cadre - an employee on probation shall ordinarily rank for seniority among the employees selected along with him/her in the same batch according to the ranking assigned to him/her at the time of selection. (b) Through Campus Selection - an employee on probation shall ordinarily rank for seniority among the employees selected along with him/her in the same batch according to the ranking assigned to him/her upon completion of inductions training or departmental examination as decided by the competent authority.] (2) The Board shall, each year, prepare a list of the employees in its service showing their names in the order of their seniority containing such other particulars as the Chairman may determine and a copy of such list shall be made available to each employee. ********** 1 Substituted by SEBI (Employees' Service) Regulations, 2010, w.r.e.f. 30-1-2008. Prior to its substitutions sub-regulations (1) read as under : (1) An employee confirmed in the services of the Board shall ordinarily rank for seniority in his grade according to his date of confirmation in the grade and an employee on probation shall ordinarily rank for seniority among the employees selected along with him in the same batch according to the ranking assigned to him at the time of selection.