Home India Meghalaya Rural Bank In exercise of the powers conferred by Section 30 read with ...
Date: 04-Nov-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 30 read with sub section (1) of Section 17 of the Regional Rural Banks Act, 1976 (21 of 1976), the Board of Directors of Meghalaya Rural Bank after consultation with State Bank of India

Issued by Meghalaya Rural Bank · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification announces amendments to the Meghalaya Rural Bank (Officers & Employees) Service Regulations, 2010. The amendments primarily concern the accumulation and encashment of privilege leave for bank officers and employees.

Key Changes

  • Amendment to Regulation 61 (Privilege Leave): The maximum accumulation of privilege leave is capped at 270 days, with encashment limited to 240 days. Previously, the limits were not explicitly stated.
  • Amendment to Regulation 67: Several changes were made to Regulation 67 concerning privilege leave encashment upon retirement or termination of service. Specifically, new provisions clarify encashment rules for employees who voluntarily retire (on or after April 1st, 2018), are compulsorily retired (including as punishment), or leave service under Regulation 10. These new provisions detail the amount of privilege leave that can be encashed in each scenario.
  • New Sub-regulation in Regulation 67: A new sub-regulation was added to clarify that employees retiring under the provisions of Regulation 11 will be covered by the existing provisions regarding privilege leave encashment.

Impact Analysis

Impact on Meghalaya Rural Bank Employees

  • Employees need to understand the amended regulations to determine their entitlement to privilege leave encashment.

Impact on Meghalaya Rural Bank Management

  • Potential increase in financial outlays due to changes in privilege leave encashment rules.

Suggested Actions

  • The bank should provide training to its HR and payroll staff on the amended regulations to ensure accurate calculation and processing of privilege leave encashment.

Key Entities Referenced

Meghalaya Rural Bank: The bank whose service regulations are being amended. Regional Rural Banks Act, 1976: The Act under which the Meghalaya Rural Bank is authorized to make these amendments. State Bank of India: The Sponsor Bank for Meghalaya Rural Bank, consulted during the amendment process. National Bank for Agriculture and Rural Development (NABARD): Consulted during the amendment process. Meghalaya Rural Bank (Officers & Employees) Service Regulations, 2010: The regulations being amended. Meghalaya Rural Bank (Employees) Pension Regulations, 2018: Regulations referenced in the amendment to Regulation 67. Gazette of India: The official publication where the amendment notification is published.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एल.-अ.-05112024-258441 xxxGIDHxxx CG-ML-E-05112024-258441 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 892] नई दिल्ली, सोमवार, नवम्ब र 4, 2024/कार्तकि 13, 1946 No. 892] NEW DELHI, MONDAY, NOVEMBER 4, 2024/KARTIKA 13, 1946 f'kykxa , 16 अक् तूबर, 2024 . / .— {ks=h; xzkeh.k cSad vf/kfu;e] 1976 ¼1976 dk 21½ dh /kkjk 17 dh mi/kkjk ¼1½ ds lkFk ifBr /kkjk 30 }kjk çnÙk 'kfä;ks a dk ç;ksx djrs gq,] es?kky; xzkeh.k cSad dk funs'kd eMa y] çk;kstd cSad gksus ds ukrsHkkjrh; LVsV cSad vkSj jk"Vªh; —f"k vkSj xzkeh.k fodkl cSad ds lkFk ijke'kZ djus ds ckn rFkk dsæa ljdkj dh iwoZ eta wjh ds lkFk] ,rí~okjk e?s kky; xzkeh.k cSad ds ¼vf/kdkjh vkSj deZpkjh½ lsok fofu;ekoyh] 2010 es a vkSj vf/kd la'kks/ku dju s ds fy, fuEufyf[kr fofu;e cukrk gS] ;Fkk%& 1- ¼1½ bu fofu;eksa dks es?kky; xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok ¼la'kks/ku½ fofu;e] 2024 dgk tk,xk- ¼2½ ;s la'kks/ku] buds ljdkjh jkti= eas çdkf'kr gksus dh frfFk ls ykxw gks tk,axs- 2- e?s kky; xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok fofu;e] 2010 ¼ftUgs a blds ckn mä fofu;e dgk tk,xk½ es]a fofu;e 61 ds mi&fofu;eu ¼4½ ds fy,] fuEufyf[kr mi&fofu;eu çfrLFkkfir fd;k tk,xk] ;Fkk%& Þ¼4½ fo'ks"kkf/kdkj vodk'k 270 fnuks a ls vf/kd rd dk ugha tek fd;k tk ldrk gS] flok; blds fd tgka Nqêh ds fy, vkosnu fd;k x;k gks vkSj mls vLohdkj dj fn;k x;k gks% c'krZs fd fo'ks"kkf/kdkj vodk'k dk udnhdj.k vf/kdre 240 fnu ds fy, gh fd;k tk ldsxk-ß 3- mä fofu;eks a ds fofu;e 67 ds]& 7137 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] d½ nlw js çko/kku es]a ÞcSad dh lsok ls lsokfuo`Ùkß 'kCnks a ds ckn] Þfofu;eu 11 ds çko/kkuks a ds varxZrß 'kCn lfEefyr fd, tk,axs; [k½ rhlj s çko/kku ds LFkku ij fuEufyf[kr çko/kku 'kkfey fd;k tk,xk] ;Fkk%& Þ;g Hkh çko/kku fd;k tkrk gS fd ml deZpkjh ds laca/k eas ftldh lsok,a NaVuh ds dkj.k lekIr dj nh tkrh gSa] og fo'ks"kkf/kdkj vodk'k dh vof/k ds fy, ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr djus ds fy, ik= gksxk] tks mlus fofu;eu 61 ds mi&fofu;eu ¼4½ ds v/khu tek dj j[kk Fkk-ß x½ rhlj s çko/kku ds ckn] fuEufyf[kr çko/kku lfEefyr fd, tk,axs] ;Fkk]& Þ;g Hkh çko/kku fd;k tkrk gS fd tgka dksbZ vf/kdkjh vFkok deZpkjh] e?s kky; xzkeh.k cSad ¼deZpkjh dk uke½ is'a ku fofu;e] 2018 ds fofu;eu 27 ds mi&fofu;e ¼1½ vkSj ¼2½ ds rgr fof/kor~ uksfVl nsus ds ckn viuh LosPNk ls fnukad 01 vçSy 2018 dks ;k mlds ckn lsok ls lsokfuo`Ùk gksrk gS] rks og vius }kjk fofu;e 61 ds mi&fofu;e ¼4½ ds v/khu lafpr fo'ks"kkf/kdkj vodk'k dh vof/k ds fy, ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr dju s ds fy, ik= gksxk- ;g Hkh çko/kku fd;k tkrk gS fd tgka fdlh vf/kdkjh ;k deZpkjh dks] vfuok;Z :i ls lsokfuo`Ùk dj fn;k x;k gks] ftles a nMa Hkh 'kkfey gS] og fofu;eu 61 ds mi&fou;e ¼4½ ds v/khu] fdlh Hkh vof/k dh ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr dju s ds fy, ik= gksxk- ;g Hkh çko/kku fd;k tkrk gS fd tgka dksbZ vf/kdkjh ;k depZ kjh lsok NksM+ nrs k gS ;k dke ij vkuk can dj nrs k gS ;k fofu;e 10 ds mi&fofu;eu ¼1½ ds çko/kkuks a ds rgr inR;kx dj nrs k gS] rks og lsok dh lekfIr dh frfFk dks mlds [kkrs eas tek fo'ks"kkf/kdkj Nqêh dh vk/kh vof/k dh ifjyfC/k;ks a ds cjkcj dh jkf'k dk Hkqxrku çkIr djus ds fy, ik= gksxk] ;g vof/k vf/kdre 120 fnu rd dh gh gks ldrh gS-ß vk'kh"k ;kno,अध्यक्ष [जवज्ञापन-III/4/असा./661/2024-25] e?s kky; xzkeh.k cSad ¼vf/kdkjh vkSj deZpkjh½ lsok fofu;e] 2010 dks fnukad 10 uoacj] 2010 ds Hkkjr ds jkti=] Hkkx III] [kaM 4 eas fnukad 10 uoacj] 2010 dh vf/klwpuk la[;k ,e-bZ-th-vkj-vkj-ch-/lsok fofu;e] 2010 ds ek/;e ls çdkf'kr fd;k x;k Fkk vkSj ckn eas fnukad 22 uoacj 2018 dh vf/klwpuk la[;k ,e-bZ-th-vkj-vkj-ch-/lsok ¼la'kks/ku½ fofu;e] 2018 }kjk la'kksf/kr fd;k x;k Fkk- MEGHALAYA RURAL BANK NOTIFICATION Shilong, the 16th October, 2024 No. MEGRRB /Service (Amendment) Regulation, 2024.— In exercise of the powers conferred by Section 30 read with sub-section (1) of Section 17 of the Regional Rural Banks Act, 1976 (21 of 1976), the Board of Directors of Meghalaya Rural Bank after consultation with State Bank of India being the Sponsor Bank and the National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government, hereby makes the following regulations to further amend the Meghalaya Rural Bank (Officers & Employees)ervice Regulations, 2010, namely:- 1. (1) These Regulations may be called Meghalaya Rural Bank (Officers & Employees) Service (Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Meghalaya Rural Bank (Officers and Employees) Service Regulations, 2010 (hereinafter referred to as said regulations), in the regulations 61 for sub-regulation (4), the following sub-regulation shall be substituted, namely:- "(4) Privilege Leave may be accumulated up to not more than 270 days, except where leave has been applied for and it has been refused: Provided that encashment of Privilege Leave shall be restricted up to a maximum of 240 days.* 3. In the said regulations, in regulation 67,- (a) In second proviso, after the words "retires from the service of the Bank", the words "under the provisions of regulation 11" shall be inserted;[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 (b) For third Proviso, the following proviso shall be substituted, namely:- "Provided also that in respect of the employee where his services are terminated owing to retrenchment, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated subject to sub-regulation (4) of regulation 61.” ( c) After third proviso, the following provisos shall be inserted, namely,- "Provided also that where an officer or employee voluntarily retires from service on or after the 1st of April 2018, after giving due notice under sub-regulations (1) and (2) of regulation 27 of the Meghalaya Rural Bank (Employees) Pension Regulations, 2018, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated, subject to sub-regulation (4) of regulation 61. Provided also that where an officer or employee has been compulsorily retired including as a measure of punishment, he shall be eligible to be paid a sum equivalent to the emoluments of any period, subject to sub-regulation (4) of regulation 61. Provided also that where an officer or employee leaves or discontinues from service or resigns under the provisions of sub-regulation (1) of regulation 10, he shall be eligible to be paid a sum equivalent to the emoluments in respect of privilege leave to the extent of half of such leave to his credit on the date of cessation of service, subject to a maximum of 120 days.” ASHISH YADAV, Chairman [ADVT.-III/4/Exty./661/2024-25] Note: The Meghalaya Rural Bank (Officers and Employees) Service Regulations, 2010 were published in the Gazette of India, Part III, section 4, dated the 10th November 2010 vide notification number MEGRRB /Service Regulation, 2010 dated the 10th November 2010 and subsequently amended vide notification number MEGRRB / Service (Amendment) Regulation, 2018 dated the 22nd November 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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