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Core Purpose

Notification amending a prior notification (S.O. 1071(E)) under paragraph 52(1) of the Employees' Provident Funds Scheme, 1952, regarding proceeds from sale or redemption of equity investments.

Detailed Summary

The Ministry of Labour and Employment issued S.O. 3891(E) dated 1st September 2023, exercising powers under sub-paragraph (1) of paragraph 52 of the Employees' Provident Funds Scheme, 1952, to further amend notification S.O. 1071(E) dated 23rd April 2015 (Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)); the amendment inserts, after the words "Proceeds arising out of" in paragraph 4 of the said notification, the words "sale or redemption of investment in equities and related investments," with the insertion deemed effective from 24th August 2023. The notification is issued under F. No. G-20031/2/2022-SS-II and signed by Vibha Bhalla, Joint Secretary; it notes the principal notification (S.O. 1071(E), dated 23rd April 2015) was previously amended vide S.O. 3034(E) dated 22nd September 2016, S.O. 1685(E) dated 20th April 2018, S.O. 4779(E) dated 30th December 2020, and S.O. 1710(E) dated 29th April 2021.

Full Text

5644 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 3730] NEW DELHI, SATURDAY , SEPTEMBER 2, 2023/ BHADRA 11, 1945 CG-DL-E-02092023-248520 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 1st September , 2023 S.O. 3891(E).— In exercise of the powers conferred by sub -paragraph (1) of paragraph 52 of the Employees’ Provident Funds Scheme, 1952, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Labour and Employment number S.O.1071 (E), dated the 23rd April, 2015, published in the Gazette of India, Extraordinary, Part II, section 3, sub -section(ii), dated the 23rd April, 2015, namely: — In the said notification, in paragraph 4, after the words “Proceeds arising out of”, the words “sale or redemption of investment in equities and related investments,” shall be inserted and shall be deemed to have been inserted with effect from the 24th day of August, 2023. [F. No. G-20031/2/2022 -SS-II] VIBHA BHALLA , Jt. Secy. Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub -section (ii) vide number S.O. 1071(E), dated the 23rd April, 2015 and subsequently amended vide notification numbers S.O. 3034(E), dated the 22nd September, 2016, S.O. 1685(E), dated the 20th April, 2018, S.O. 4779(E), dated the 30th December, 2020 and S. O. 1710(E), dated the 29th April, 2021. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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