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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulation 55 Limits Retirees' Commercial Employment for 1 Year Without Approval; Must Decide in 90 Days</h1> Regulation 55 of the SEBI (Employees' Service) Regulations, 2001, restricts retired employees from accepting commercial employment for one year without prior written approval from the competent authority. 'Commercial employment' includes roles in companies, partnerships, or as consultants, particularly if related to the retiree's previous official duties. Retired employees must also seek approval before associating with intermediaries registered with SEBI within a year. The competent authority must decide on approval requests within 90 days, considering the retiree's past dealings with the intermediary, and may impose conditions, including prohibiting representation before SEBI.
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