SEBI notifies Amendment on filling up of posts from Internal candidates by Deputation or Contract [Read Notification]

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The Securities and Exchange Board of India (SEBI) has notified the amendment in respect of filling up of posts from internal candidates by deputation or contract.

The Board has notified the Securities and Exchange Board of India (Employees’ Service) (Amendment) Regulations, 2022 which seeks to amend the Securities and Exchange Board of India (Employees’ Service) Regulations, 2001.

In the Securities and Exchange Board of India (Employees’ Service) Regulations, 2001, 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.”

The notification will come into force from 24th January, 2022.

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