(1) An employee directly appointed in any of the specified scales of pay 13 [***] shall be on probation for a period of 14 [two] year.
15 [(1A) An employee promoted to one grade/scale to another shall be on probation for a period of one year.]
(2) Chairman may, if he considers it necessary extend the period of probation upto a period of one year for unsatisfactory performance or reduce or dispense with period of probation for reasons to be recorded in writing.
(3) Save as otherwise provided in this regulation, an employee shall be deemed to have been confirmed in the post to which he has been appointed or, as the case may be, promoted on successful completion of the period of probation.
(4) During the first month of his probation, an employee may be discharged without assigning any reasons at one day's notice and thereafter at one month's notice or by payment of substantive pay for one day or one month as the case may be in lieu thereof.
(5) Without prejudice to the provisions of Regulation 17, an employee selected from the Board's employees and on probation shall be liable to be reverted to his previous 13 Words “or promoted to one grade/scale to another” omitted by the SEBI (Employees’ Service) (Third Amendment) Regulations, 2018, w.e.f. 13.08.2018.
14 Substituted for “one” ibid.
15 Inserted by the SEBI (Employees’ Service) (Third Amendment) Regulations, 2018, w.e.f. 13.08.2018.
grade without notice or pay in lieu thereof if, in the opinion of the competent authority, he fails to show satisfactory performance during the period of his probation.
Commencement of service
11. Except as otherwise provided by or under these Regulations, "service" of an employee shall be deemed to commence from the working day on which an employee reports for duty in an appointment covered by these Regulations at the place and time intimated to him by the appointing authority.
Provided that if he reports after noon, his service shall commence from the next following working day.
Determination of service by notice