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Regulation 7 of the International Financial Services Centres Authority (Employees' Service) Regulati...
7. (1)(a) Notwithstanding anything contained in these Regulations, the competent authority may appoint persons on a temporary basis due to exigencies of work, on suitable terms and conditions, subject to such general or special directions if any issued by the Authority from time to time. (b) The terms and conditions of service of the temporary employees shall be specified by the competent authority but in no case shall the terms and conditions so specified be more favorable than those lai... ... ...
Annexure 2 of the International Financial Services Centres Authority (Employees' Service) Regulation...
Annexure 2 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY 1. Title: The Scheme shall be called "New Pension Scheme" (hereinafter referred to as "NPS" or "Scheme". The Scheme is otherwise governed by the Pension Fund Regulatory and Development Authority (PFRDA). 2. Membership Every whole-time employee appointed by the International financial Services Centres Authority (Authority) shall be bound to subscribe to the NPS and shall be governed by the rules thereof. 3. The op... ... ...
Annexure 1 of the International Financial Services Centres Authority (Employees' Service) Regulation...
Annexure 1 RECRUITMENT RULES FOR VARIOUS APPOINTMENTS IN INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY [(Refer Sub-Regulation (4) of Regulation (6) of Service Regulations] S.No. Particulars Description 1. Number of sanctioned posts of Executive Director 06 2. Mode of Recruitment & proportion of posts to be filled up through different modes (a) 75% of sanctioned posts to be filled on promotion failing which Deputation. (b) 25% of the sanctioned posts shall... ... ...
Regulation 96 of the International Financial Services Centres Authority (Employees' Service) Regulat...
96. Every employee to whom these Regulations apply, or who exercises his option to come under them shall subscribe to declaration in Forms as prescribed by the Authority. INJETI SRINIVAS, Chairperson [ADVT .- III/4/Exty./352/2020-21] =============... ... ...
Regulation 95 of the International Financial Services Centres Authority (Employees' Service) Regulat...
95. It is mandatory on every employee to bound by these Regulation to subscribe to any insurance scheme or fund that may be instituted by the Authority for the benefit of its employees and their families and to be bound by the rules of the said scheme or fund; Provided that nothing contained in this Regulation shall serve to curtail any superannuation benefits which may otherwise be admissible to an employee; Provided further that nothing contained in this Regulation shall require an e... ... ...
Regulation 94 of the International Financial Services Centres Authority (Employees' Service) Regulat...
94. (1) Unless otherwise specified in these regulations, every employee shall become a member of the IFSCA New Pension Scheme and shall agree to be bound by the Rules of the Scheme. (2) Notwithstanding anything contained in sub-regulation (1), every whole-time employee joining the services of the Authority, on and from such date, as may be specified, shall only become a member of the IFSCA New Pension Scheme and shall agree to be bound by the Rules of the Scheme. (3) Every whole-time e... ... ...
Regulation 93 of the International Financial Services Centres Authority (Employees' Service) Regulat...
93. (1) every employee, shall be eligible for gratuity on: - (a) retirement; (b) death (c) disablement rendering him unfit for further service as certified by Authority's Medical Officer: (d) resignation after completing five years of continuous service; or (e) Termination of service in any other way (except by way of punishment) after completion of five year of service. (2) The amount of gratuity payable shall be determined by the Authorit... ... ...
Regulation 92 of the International Financial Services Centres Authority (Employees' Service) Regulat...
92. An employee of the Authority may be sent on deputation or on external assignment to serve under any other employer; Provided that such deputation or external assignment shall be pursuant to the approval of the Authority and shall be in accordance with such terms and conditions as may be specified by the Authority from time to time. Provided further that an employee shall not be sent on deputation or on external assignment against his will. =============... ... ...
Regulation 91 of the International Financial Services Centres Authority (Employees' Service) Regulat...
91. The terms and conditions subject to which an employee may be deputed to the military service shall be determined by the Authority. =============... ... ...
Regulation 90 of the International Financial Services Centres Authority (Employees' Service) Regulat...
90. shall be paid to the employees according to such rates and on such terms and conditions as may be approved by the Authority from time to time =============... ... ...
Regulation 89 of the International Financial Services Centres Authority (Employees' Service) Regulat...
CHAPTER VII MISCELLANEOUS 89. (1) Medical aid and facilities shall be provided by the Authority for its employees and such of their dependents in accordance with such guidelines as may be approved by the Authority from time to time. The said guidelines, may, 'inter alia', provide for illness, injuries arising out of accidents, hospitalization and domicile treatment. (2) Without prejudice to sub-regulation (1) the Authority may take a comprehensive health insurance policy cov... ... ...
Regulation 88 of the International Financial Services Centres Authority (Employees' Service) Regulat...
88. (1) An employee may appeal against an order imposing upon him any of the penalties specified in Regulation 79 or order of suspension under Regulation 86. The appeal shall be filed before the Appellate Authority. Note: For the purpose of this regulation" Appellate Authority" means the Authority, in case the Chairperson is the competent authority; Chairperson or whole- time member of the Authority, in case the Executive Director is the competent authority and Executive Director concerne... ... ...
Regulation 87 of the International Financial Services Centres Authority (Employees' Service) Regulat...
87. Notwithstanding anything contained in Regulations 79 to 86 or any other Regulation, the following additional provisions shall apply where it is alleged that an employee has been guilty of corrupt practices, namely: (1) Where it is alleged that an employee is possessed of disproportionate assets or that he has committed an act of criminal misconduct or where the investigation and proof of the allegation would require the evidence of persons, who are not employees of the Authority... ... ...
Regulation 86 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Employee suspension may be ordered where disciplinary proceedings are contemplated or pending, or a criminal case is under investigation, inquiry or trial. Deemed suspension follows detention exceeding 48 hours or conviction resulting in imprisonment where service is not immediately terminated. Suspension may be modified or revoked, is ordinarily limited to 90 days, and may be exceptionally extended for a further limited period. Subsistence allowance is payable during suspension, with an enhanced rate where inquiry delay is not attributable to the employee. Where no disciplinary penalty is imposed, the employee receives the difference between subsistence allowance and ordinary emoluments.
Regulation 85 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Special disciplinary procedure permits the Competent Authority to impose any prescribed penalty despite ordinary procedural requirements where facts are established by a court of law or court martial, the employee has absconded, communication is impracticable, or other difficulties prevent compliance. Procedural requirements may be waived only without injustice to the employee, and written reasons are mandatory for every complete or partial waiver.
Regulation 84 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Common disciplinary proceedings may be directed by the Competent Authority where a case concerns two or more employees. The disciplinary proceedings against all such employees may then be conducted jointly through common proceedings.
Regulation 83 of the International Financial Services Centres Authority (Employees' Service) Regulat...
Communication of disciplinary orders requires the Competent Authority's orders to be communicated to the employee concerned. Where an inquiry report exists, the employee must also be supplied with a copy of the report.
Regulation 82 of the International Financial Services Centres Authority (Employees' Service) Regulat...
82. (1) Where it is proposed to impose any of the minor penalties specified in clauses(a) to (e) of regulation 79(I), the employee concerned shall be informed in writing of the imputations of lapses against him and given an opportunity to submit his written statement of defense within a specified period not exceeding 15 days or such extended period as may be granted by the Competent Authority and the defense statement, if any, submitted by the employee shall be taken into consideration by th... ... ...
Regulation 81 of the International Financial Services Centres Authority (Employees' Service) Regulat...
81. (1) The Competent Authority, if it is not itself the Inquiry Officer, may, for reasons to be recorded by it in writing, remit the case to the inquiry for fresh or further inquiry and report and the Inquiry Officer shall thereupon proceed to hold further inquiry according to the provisions of regulation 80 as far as may be. (2) The Competent Authority, shall, if it disagrees with the findings of the Inquiry Officer on any article of charge, record its reasons for such disagreement and ... ... ...
Regulation 80 of the International Financial Services Centres Authority (Employees' Service) Regulat...
80. (1) No order imposing any of the major penalties specified in regulation 79 (2) shall be made except after an inquiry is held in accordance with this regulation. (2) Whenever, the Competent Authority is of the opinion that there are grounds for inquiring into the truth of any imputation of misconduct or misbehavior against an employee, it may itself inquire into or appoint any other officer or any person not below the rank of retired District Judge, retired High Court Judge,(or) retir... ... ...