Home India Small Industries Deveopment Bank of India In exercise of the powers conferred by subsection 1 of Secti...
Date: 2019-12-09 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 1 of Section 52 of the Small Industries Development Bank of India Act

Issued by Small Industries Deveopment Bank of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Small Industries Development Bank of India (SIDBI) Staff Amendment Regulations, 2019. These regulations, effective from November 9, 2019, amend the SIDBI Staff Regulations, 2001. The amendments relate to disciplinary proceedings against employees, including those who have left the service. Key Points / Main Content: Disciplinary Proceedings: * Disciplinary proceedings initiated against an employee (before or after ceasing service) may continue at the Disciplinary Authority's discretion, as if the employee were still in service, but only for the proceedings' purpose. * "Disciplinary Proceedings" include suspension, show-cause notices, or chargesheets and are considered pending until a final order is passed. Proceedings Against Former Employees: * The Disciplinary Authority can initiate proceedings against former employees for grave misconduct or negligence during their service, including reemployment after retirement. * Departmental proceedings will follow the same procedure as for serving employees. * Such proceedings require prior approval from the Chairman. * Proceedings cannot be initiated for events occurring more than four years before the institution of the proceedings. * The outcome of these proceedings must be reported to the Bank's Board. Impact Analysis: Small Industries Development Bank of India (SIDBI) Employees and Former Employees: * Impact: Clarification and changes to the rules regarding disciplinary actions, including the possibility of proceedings after leaving service. * Action Required: Familiarize themselves with the amended regulations and be aware of the potential for disciplinary action even after leaving SIDBI. SIDBI Disciplinary Authority: * Impact: Expanded authority to continue or initiate disciplinary proceedings against former employees. * Action Required: Implement the new regulations, obtain Chairman approval before initiating proceedings against former employees, and report outcomes to the Board. SIDBI Board of Directors: * Impact: Oversight of disciplinary proceedings against former employees. * Action Required: Review and approve the institution of disciplinary proceedings against former employees and receive reports on the outcomes of such proceedings.

Key Entities Referenced

Small Industries Development Bank of India: A development finance institution in India. Small Industries Development Bank of India Act, 1989: The act of parliament that established the Small Industries Development Bank of India. Small Industries Development Bank of India Staff Regulations, 2001: The original staff regulations of the Small Industries Development Bank of India. Small Industries Development Bank of India Staff Amendment Regulations, 2019: Amendments to the Small Industries Development Bank of India Staff Regulations. Lucknow, Uttar Pradesh: City in Uttar Pradesh, India; place of notification. New Delhi, Delhi: City in Delhi, India; place of meeting of Board of Directors. Board of Directors of the Small Industries Development Bank of India: The governing body of the Small Industries Development Bank of India. S. N. Singh: Chief General Manager.
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Gen. (2).—In exercise of the powers conferred by sub-section (1) of Section 52 of the Small Industries Development Bank of India Act, 1989 (39 of 1989), the Board of Directors of the Small Industries Development Bank of India hereby makes the following amendments to the Small Industries Development Bank of India (Staff) Regulations, 2001(hereinafter referred to as ‘Original Regulations’), namely :- 1. These Regulations may be called the Small Industries Development Bank of India (Staff) [Amendment] Regulations, 2019. 2. These Amendments shall come into force with effect from November 09, 2019. 3. The Sub-Regulation (9) of Regulation 21 of the Original Regulations shall be substituted by the following :- “Notwithstanding anything contained in this Regulation or any other Regulations, in case disciplinary proceedings have been initiated against an employee before or after the employee ceases to be in the service of the Small Industries Bank, the disciplinary proceedings may, at the discretion of the Disciplinary Authority, be thereafter continued and concluded as if the employee continues to be in the service, so however, that the employee shall be deemed to be in the service only for the specific purpose of the continuance and conclusion of the such proceedings. Explanation : 'Disciplinary Proceedings' shall include a suspension of an employee under these Regulations, or any notice issued to an employee asking the employee to show cause as to why disciplinary proceedings should not be initiated against the employee, or any charge-sheet issued to an employee under Regulation 47 of these Regulations and will be deemed to be pending till final order is passed by the competent authority.” 4. After Sub-Regulation 2 of Regulation 47(C) of the Original Regulations, the following Sub-Regulation shall be inserted, namely: - “2A. Whenever the Disciplinary Authority is of the opinion that there are grounds of inquiring into the truth of any grave misconduct or negligence during the period of service of the employee, who has since ceased to be in the service, including the service rendered upon re-employment after retirement, it may initiate disciplinary proceedings against the former employee.¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 Provided that the procedure applicable to departmental proceedings in such cases shall be in accordance with the procedure as contained in these regulations and as applicable to serving employees. Provided that the Disciplinary proceedings in such cases shall not be instituted without the prior approval of the Chairman and shall not be in respect of any event or cause of action which took place more than four years before such institution. Provided that the outcome of the departmental proceedings shall be reported to the Board of the Bank.” S. N. SINGH, Chief General Manager [ADVT.-III/4/Exty./340/19] Certified that the Board of Directors of Small Industries Development Bank of India in its meeting held on November 09, 2019 at New Delhi has approved and adopted the Small Industries Development Bank of India (Staff) [Amendment] Regulations, 2019. 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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