**Report on the Securities and Exchange Board of India Employees’ Service Amendment Regulations, 2022**
**1. Executive Summary:**
This report analyzes the Securities and Exchange Board of India (SEBI) Employees’ Service Amendment Regulations, 2022. This amendment modifies the Securities and Exchange Board of India Employees' Service Regulations, 2001. The key change focuses on the filling of certain posts, modifying the proportion to be filled by deputation/contract, explicitly limiting the number of such posts. This report outlines the amendment's provisions, target audience, inferred implementation aspects, and potential impacts.
**2. Introduction:**
This report aims to provide an informative analysis of the Securities and Exchange Board of India Employees’ Service Amendment Regulations, 2022, based solely on the text provided. It details the purpose, key provisions, and likely implications of the amendment.
**3. Policy Overview:**
* **Original Policy:** Securities and Exchange Board of India Employees' Service Regulations, 2001.
* **Core Objective(s):** While the full objective of the 2001 Regulations is not provided, it can be inferred that they pertain to the terms and conditions of service for SEBI employees. The core objective of *this amendment* is to adjust the rules regarding how certain employee positions are filled, specifically concerning internal candidates versus deputation/contract appointments.
**4. Background and Rationale:**
This amendment likely stems from a need to refine the staffing procedures within SEBI. The change to the deputation/contract proportion suggests a desire to exert greater control over the number of such positions, possibly in response to operational needs, budgetary considerations, or a strategic shift in staffing priorities. Without additional context, the exact reasons remain speculative, but the amendment reflects a deliberate adjustment to the previous hiring framework.
**5. Key Provisions / Changes:**
This section focuses specifically on the changes introduced by the 2022 amendment.
* **Specific Part of Original Policy Being Changed:** The amendment modifies the "Table under the Schedule, in column 2" of the Securities and Exchange Board of India Employees' Service Regulations, 2001. This likely refers to a section specifying the proportion of posts to be filled through different methods.
* **New Rule/Provision:** The original text "2/3rd of the total posts from internal candidates and the remaining 1/3rd to be filled up by deputation/contract" is replaced with "2/3rd of the total posts from internal candidates and 1/3rd posts, not more than 3, to be filled up by deputation/contract."
* **Difference/Effect of Change:** The amendment introduces a *limit* on the number of posts that can be filled through deputation/contract, restricting it to a maximum of three. Previously, 1/3rd of *all* posts could be filled this way. This change will likely result in fewer positions being filled by deputation or contract, and a corresponding increase in positions filled internally or remaining vacant.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders are:
* **SEBI Employees:** Current employees, particularly those seeking promotions or internal transfers.
* **Potential Candidates for Deputation/Contract Positions:** Individuals who might have been considered for positions within SEBI under the previous regulations.
* **SEBI's HR Department/Recruitment Teams:** Those responsible for implementing the new hiring guidelines.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Securities and Exchange Board of India (SEBI) is the responsible body. Specifically, its HR department or equivalent will be tasked with implementing the amended regulations.
* **Timelines/Procedures:** The amendment comes into force on the date of its publication in the Official Gazette (January 24, 2022). The HR department will need to revise its hiring procedures and update relevant documentation to reflect the new limits on deputation/contract positions. No specific procedures are detailed in the provided text.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of this amendment is to:
* **Increase Internal Promotions/Transfers:** By limiting external deputation/contract hiring, more opportunities may open for existing SEBI employees.
* **Reduce Reliance on External Hiring:** SEBI may aim to build internal capacity and expertise.
* **Control Staffing Costs:** Limiting contract positions could potentially lead to cost savings.
* **Streamline Hiring Processes:** Capping the number of deputation/contract positions may simplify the hiring process.
The potential impact of the amendment could include increased employee morale and retention due to increased internal advancement opportunities.
**9. Conclusion:**
The Securities and Exchange Board of India Employees’ Service Amendment Regulations, 2022, represents a significant adjustment to SEBI's staffing policies. By capping the number of positions that can be filled through deputation/contract, the amendment prioritizes internal promotions and reduces reliance on external hiring. This change is likely to have a noticeable impact on SEBI's employees and recruitment practices, potentially fostering internal growth and streamlining HR processes. The significance of this amendment lies in its direct influence on the career trajectories of SEBI employees and the organization's approach to talent acquisition.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body established under the Securities and Exchange Board of India Act, 1992.
Securities and Exchange Board of India Act, 1992: The act of Indian Parliament that established the Securities and Exchange Board of India.
Securities and Exchange Board of India Employees' Service Regulations, 2001: The original service regulations for employees of the Securities and Exchange Board of India.
Securities and Exchange Board of India Employees Service Amendment Regulations, 2022: Amendment to the Securities and Exchange Board of India Employees’ Service Regulations.
Mumbai, Maharashtra: City in India, location of the Securities and Exchange Board of India.
Ajay Tyagi: Chairman of Securities and Exchange Board of India.
Official Gazette: Official government publication for notifications and regulations.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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सी.जी.-डी.एल.-अ.-24012022-232840
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CG-DL-E-24012022-232840
असाधारण
EXTRAORDINARY
भाग III—खण्ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 42] िई ददल्ली, सोमिार, िििरी 24, 2022/माघ 4, 1943
No. 42] NEW DELHI, MONAY, JANUARY 24, 2022/MAGHA 4, 1943
भारतीय प्रजतभजू त और जिजिमय बोड ड
अजधसचू िा
मुम्बई, 24 िििरी, 2022
भारतीय प्रजतभजू त और जिजिमय बोड ड(कमचड ारी सिे ा) (सिं ोधि) जिजियम, 2022
स.ं सबे ी/एल.ए.डी.-एि.आर.ओ./िी.एि./2022/65.—बोडड, भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम,
1992 (1992 का 15) की धारा 30 द्वारा प्रदाि की गई िजियों का प्रयोग करत े हुए, एतद्द्वारा भारतीय प्रजतभूजत और
जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 का और संिोधि करिे के जलए जिम्नजलजखत जिजियम बिाता ह,ै अर्ातड ्:-
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2022 कहा िा
सकेगा ।
2. य े जिजियम रािपत्र म ें इिके प्रकािि की तारीख को लागू होंग े ।
3. भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 म,ें -
I. अिुसूची म ें दी हुई सारणी म,ें कॉलम 2 म,ें िब्दों तर्ा जचह्िों “कुल पदों म ेंस ेदो-जतहाई पद आतंररक अभ्यर्र्डयों
(उम्मीदिारों) स ेऔर बाकी के एक-जतहाई पद प्रजतजियुजि / संजिदा (कॉण्रैक्ट) आधार पर भरे िाएँग े।” के स्ट्र्ाि
पर, िब्द तर्ा जचह्ि “कुल पदों म ेंस ेदो-जतहाई पद आंतररक अभ्यर्र्डयों (उम्मीदिारों) स ेऔर एक-जतहाई पद
(िो तीि स ेअजधक िहीं होंगे) प्रजतजियुजि (डेप्यूटेिि) / संजिदा (कॉण्रैक्ट) आधार पर भरे िाएंगे ।” आ िाएंग े ।
अिय त्यागी, अध्यक्ष
[जिज्ञापि-III/4/असा./598/2021-22]
448 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
पाद रटप्पण :
1. भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001, का.आ. सं. 857(अ), 6 जसतम्बर 2001
को भारत के रािपत्र म ें प्रकाजित हुए र् े ।
2. भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 तत्पश्चात ्–
(क) 23 ददसम्बर 2003 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम, 2003,
फा.स.ं भाप्रजिबो/जिजध/15/2003, द्वारा
(ख) 25 मई 2004 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2004,
का.आ. स.ं 623(अ), द्वारा
(ग) 11 अप्रैल 2007 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2007,
फा.स.ं 11/एल सी/िी एि/2006/2143, द्वारा
(घ) 14 िििरी 2010 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम, 2010,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2009-10/28/190983, द्वारा
(ङ) 12 अिूबर 2010 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2010, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./ िी.एि./2010-11/17/22954, द्वारा
(च) 10 अिूबर 2011 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम, 2011,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2011-12/26/31671, द्वारा
(छ) 2 मई 2012 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2012,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2012-13/03/5290, द्वारा
(ि) 19 ििम्बर 2012 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2012, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./ िी.एि./2012-13/22/5429, द्वारा
(झ) 8 अिूबर 2013 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम, 2013,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि/2013-2014/27/6721, द्वारा
(ञ) 26 फरिरी 2015 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमचड ारी सेिा) (संिोधि) जिजियम, 2015,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2014-15/22/366, द्वारा
(ट) 21 अप्रलै 2015 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2015, अजधसूचिा स.ं सेबी/एि.आर.ओ/ओ.आई.ए.ई./िी.एि. 2015-16/002, द्वारा
(ठ) 30 ििम्बर 2016 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम, 2016,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/016, द्वारा
(ड) 15 ददसम्बर 2016 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2016, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/024, द्वारा
(ढ) 27 अप्रैल 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2017,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/001, द्वारा
(ण) 17 मई 2017 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2017, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/002, द्वारा
(त) 13 िलु ाई 2017 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (तीसरा संिोधि) जिजियम,
2017, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/010, द्वारा[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
(र्) 27 अप्रैल 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2018,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/09, द्वारा
(द) 31 मई 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/18, द्वारा
(ध) 13 अगस्ट्त 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (तीसरा संिोधि) जिजियम,
2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/29, द्वारा
(ि) 8 मई 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2019,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/15, द्वारा
(प) 5 अगस्ट्त 2020 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2020,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/26, द्वारा
संिोजधत हुए र् े ।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 24th January, 2022
SECURITIES AND EXCHANGE BOARD OF INDIA (EMPLOYEES’ SERVICE) (AMENDMENT)
REGULATIONS, 2022
No. SEBI/LAD-NRO/GN/2022/65.—In exercise of the powers conferred by section 30 of the Securities
and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further
amend the Securities and Exchange Board of India (Employees' Service) Regulations, 2001, namely: -
1. These regulations may be called the Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2022.
2. They 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—
I. in the Table under the Schedule, in column 2, the words, numbers and symbols, “2/3rd of the total posts from
internal candidates and the remaining 1/3rd to be filled up by deputation/contract.” shall be substituted with
the words, numbers and symbols, “2/3rd of the total posts from internal candidates and 1/3rd posts, not more
than 3, to be filled up by deputation/contract.”.
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./598/2021-22]
Footnotes:
1. The Securities and Exchange Board of India (Employees’ Service) Regulations, 2001, were published in the
Gazette of India on 6th September, 2001 vide S.O. No. 857(E).
2. The Securities and Exchange Board of India (Employees’ Service) Regulations, 2001, were subsequently amended
on –
(a) On 23rd December, 2003 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2003 vide F. No. SEBI/LE/15/2003.
(b) On 25th May, 2004 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2004 vide S.O. No.623 (E).
(c) On 11th April, 2007 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2007 vide F. No.11/LC/GN/2006/2143.
(d) On 14th January, 2010 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2010 vide notification No. LADNRO/GN/2009-10/28/190983.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
(e) On 12th October, 2010 by the Securities and Exchange Board of India (Employees’ Service) (Second
Amendment) Regulations, 2010 vide notification No. LAD-NRO/GN/2010-11/17/22954.
(f) On 10th October, 2011 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2011 vide notification No. LAD-NRO/GN/2011-12/26/31671.
(g) On 2nd May 2012 by the Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2012 vide notification No. LADNRO/GN/2012-13/03/5290.
(h) On 19th November 2012 by the Securities and Exchange Board of India (Employees’ Service) (Second
Amendment) Regulations, 2012 vide notification No. LAD-NRO/GN/2012-13/223/5429.
(i) On 8th October, 2013 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2013 vide notification No. LADNRO/GN/2013-14/27/6721.
(j) On 26th February, 2015 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2015 vide notification No. LAD-NRO/GN/2014-15/22/366.
(k) On 21st April, 2015 by Securities and Exchange Board of India (Employees' Service) (Second Amendment)
Regulations, 2015 vide notification No. SEBINRO/OIAE/GN/2015-16/002.
(l) On 30th November, 2016 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-17/016.
(m) On 15th December, 2016 by Securities and Exchange Board of India (Employees’ Service) (Second
Amendment) Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-17/024.
(n) On 27th April, 2017 by Securities and Exchange Board of India (Employees’ Service) (Amendment)
Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/001.
(o) On 17th May, 2017 by Securities and Exchange Board of India (Employees' Service) (Second Amendment)
Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/002.
(p) On 13th July, 2017 by Securities and Exchange Board of India (Employees’ Service) (Third Amendment)
Regulations, 2017 vide notification No. SEBI/LAD-NRO/GN/2017-18/010.
(q) On 27th April, 2018 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/09.
(r) On 31st May, 2018 by Securities and Exchange Board of India (Employees' Service) (Second Amendment)
Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/18.
(s) On 13th August, 2018 by Securities and Exchange Board of India (Employees' Service) (Third Amendment)
Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/29.
(t) On 8th May 2019 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2019 vide notification No. SEBI/LAD-NRO/GN/2019/15.
(u) On 5th August, 2020 by Securities and Exchange Board of India (Employees' Service) (Amendment)
Regulations, 2020 vide Notification No. SEBI/ LAD-NRO/GN/2020/26.
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