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of <h1>Annual Increments Under Regulation 24: Accrual Rules, Approval, and Stagnation Provisions for SEBI Employees</h1> Increments under Regulation 24 of the Securities and Exchange Board of India (Employees' Service) Regulations, 2001, accrue annually on an incremental scale, starting from the first of the month of accrual. Officiating service in a higher grade counts for increments in both substantive and higher grades. Increments require approval from the Competent Authority and cannot be withheld except as a disciplinary measure, with specified conditions. An efficiency bar may restrict increments, and removal of such a bar does not have retrospective effect. The Chairman may grant stagnation increments for employees at the last stage of their scale.
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