Notice requirement for employees governs resignation timing and permits compensation if notice is breached, and acceptance conditions apply. Mandatory written notice to the competent authority is required before an employee leaves service, with prescribed periods for regular and probationary ... Summary
Referred In :
Securities And Exchange Board Of India (Employees' Service) Regulations, 2001
Notice requirement for employees governs resignation timing and permits compensation if notice is breached, and acceptance conditions apply.
Mandatory written notice to the competent authority is required before an employee leaves service, with prescribed periods for regular and probationary posts and a Chairman's power to waive notice; unavailed leave cannot be set off against notice. Breach attracts compensation equal to substantive pay for the notice period, subject to Chairman's discretion to waive. Resignation is not effective until accepted by the competent authority, which may refuse acceptance where disciplinary proceedings are instituted or proposed, binding service obligations remain, the employee owes sums to the Board, or for other sufficient reasons recorded in writing.
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