Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2015

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....d the Securities and Exchange Board of India (Employees' Service) (Amendment) Regulations, 2015. 2. These regulations shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Employees' Service) Regulations, 2001, for regulation 36A, the following regulations shall be substituted, namely,- "36A. Special hardship leave for female employees (1) Eligibility (a). A female employee confirmed in the services of the Board and having completed five years of service in the Board, is eligible to apply for special hardship leave: Provided that special hardship leave before completion of five years of service may be sanctioned in exceptional circumstances....

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....e of the family or children or health grounds of self or dependent family members. Period of special hardship leave. (3) Special hardship leave may be availed for a period not exceeding two years during the entire service, and may be availed for a minimum period of three months once in a year. Approving authority for special hardship leave. (4) Approving authority for special hardship leave for female employees in grade 'D' and above, shall be the Whole Time Member in charge of the concerned department where such female employee is serving, and in other cases, the approving authority shall be the Executive Director in charge of the concerned department where such female employee is serving. Other conditions. (5) Ot....

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.... (i). A female employee, who leaves the services of the Board by resignation or voluntary retirement during the special hardship leave shall be liable to pay compensation to the Board, which shall be a sum equal to her substantive pay for the period of notice as required of her in terms of these regulations; (j). Board may cancel the special hardship leave and recall the female employee and proceed in the matter as deemed fit, in case it is found that such employee is undertaking or engaged in, directly or indirectly, any trade or employment or business or profession; (k). Special hardship leave shall be counted as service for the purpose of seniority; (l). For the period of special hardship leave availed, n....