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of <h1>Probation Terms in SEBI Regulations: Two Years for New Hires, One Year for Promotions, with Extension or Reduction Options</h1> Regulation 10 of the Securities and Exchange Board of India (Employees' Service) Regulations, 2001, outlines probationary terms for employees. Directly appointed employees are on probation for two years, while promoted employees have a one-year probation. The Chairman can extend probation by up to one year for unsatisfactory performance or reduce it with written reasons. Employees are confirmed in their positions after successful probation. During the first month, employees can be discharged with one day's notice, and thereafter with one month's notice. Employees on probation may be reverted to their previous grade without notice if performance is unsatisfactory.
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