2.13.6:Insolvency and Bankruptcy Board of India (Employees’ Service) Regulations, 2017
(1) An employee shall be on probation for two years on initial appointment in the Grade.
(2) The Board may, if it considers it necessary, extend the period of probation up to 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 on successful completion of the period of probation.
(4) An employee on initial appointment may be discharged without assigning any reason at one day’s notice during the first month of his probation and at one month’s notice or on payment of pay of the notice period in lieu thereof thereafter.