IBBI Employees’ Service Regulations, 2017

The Code Insolvency and Bankruptcy Code, 2016 (IBC) Insolvency and Bankruptcy Board of India (Employees’ Service) Regulations, 2017 […]

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Insolvency and Bankruptcy Code, 2016 (IBC)

Insolvency and Bankruptcy Board of India (Employees’ Service) Regulations, 2017

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Chapter I – Preliminary

Regulation-1 Short title and commencement
Regulation-2 Definitions

Chapter II – Appointment, Probation and Termination of Service

Regulation-3 Classification and appointment of employees
Regulation-4 Recruitment
Regulation-5 Initial Appointments to be made on minimum pay
Regulation-6 Probation
Regulation-7 Commencement of service
Regulation-8 Resignation from service
Regulation-9 Superannuation and retirement
Regulation-10 Liquidated damages

Chapter III – Record of Service, Seniority and Promotion

Regulation-11 Record of service
Regulation-12  Seniority
Regulation-13 Promotion

Chapter IV – Pay, Allowances and other Beneffits

Regulation-14 Entitlement
Regulation-15 Pay, allowances and other benefits
Regulation-16 Gratuity
Regulation-17 Pension
Regulation-18 Cessation of pay and allowances
Regulation-19 Increments
Regulation-20 Fixation of pay on promotion.
Regulation-21 Hometown

Chapter V – Leave and Joining Time

Regulation-22 Leave not a matter of right
Regulation-23 Kinds of leave
Regulation-24 Lapse of leave on cessation of service
Regulation-25 Obligation to furnish Leave address
Regulation-26 Leave not admissible to an employee under suspension
Regulation-27 Casual leave
Regulation-28 Special casual leave
Regulation-29 Ordinary leave
Regulation-30 Sick leave
Regulation-31 Maternity leave and paternity leave
Regulation-32 Accident leave
Regulation-33 Extraordinary leave
Regulation-34 Joining time

Chapter VI – Conduct, Discipline and Appeals

Regulation-35 Definitions
Regulation-36 Scope of an employee’s service
Regulation-37 Liability to abide by regulations and directions
Regulation-38 Obligation to maintain secrecy
Regulation-39 Employees to promote Board’s interest
Regulation-40 Prohibition against participation in politics and standing for election
Regulation-41 Prohibition against joining certain associations and strikes
Regulation-42 Contributions to the press
Regulation-43 Employee not to seek outside employment
Regulation-44 Employment after retirement
Regulation-45 Employment with a service provider
Regulation-46 Giving evidence
Regulation-47 Acceptance of gifts
Regulation-48 Movable, immovable and valuable property
Regulation-49 Conviction
Regulation-50 Prohibition of sexual harassment of women employee at work place
Regulation-51 Penalties
Regulation-52 Procedure for imposing major penalties
Regulation-53 Action on the inquiry report
Regulation-54 Procedure for imposing minor penalties
Regulation-55 Communication of orders
Regulation-56 Common proceedings
Regulation-57 Special procedure in certain cases
Regulation-58 Suspension
Regulation-59 Subsistence allowance
Regulation-60 Vigilance cases
Regulation-61 Appeal

Chapter VII – Miscellaneous

Regulation-62 Deputation of employees to other services
Regulation-63 Redressal of grievances


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