Section 21 in Orissa State Financial Corporation (Staff) Regulations, 1975
21. [Promotion. [Substituted vide Orissa Gazette Extraordinary No. 631/26.5.1986.]
- The Selection Committee appointed by the Board shall recommend candidate whom they consider suitable from amongst employees on selection basis for promotion to posses in category 'A'. The Board of Directors may on the advise of the Selection Committee make such promotion in regard to the officers as it deems proper on the basis of suitability and merit, having due regard to seniority.The Managing Director may make such promotions in regard to posts it Category 'B" & "C" on the basis of merit with due regard to seniority.No employee shall have right to be appointed or promoted to any particular post or grade :Provided that the Managing Director may at his discretion make temporary promotions pending selection of outside candidates, of approval of promotion by the Board of Directors in Category 'A'.]
