Securities And Exchange Board Of India - Subsection
Section 24(2) in Securities and Exchange Board of India (Employees' Service) Regulations, 2001
(2)Officiating service in a higher grade will count for increments in an employee's substantive grade as well as in the higher grade in which he is officiating and if there is an intermediate grade between the two in which he would have officiated had he not been appointed to officiate in the higher grade, also in the intermediate grade, but the period during which an employee is on leave without pay will not count for increment unless so authorised by the competent authority for reasons to be recorded in writing.
