REGISTERED NO. DL.-33001/2001 The Gazette of India
PUBLISHED BY AUTHORITY
No. 2] NEW DELHI, SATURDAY, JANUARY 13, 2001 (PAUSA 23, 1922)
(Separate paging is given to this Part in order that it may be filed as a separate compilation)
[PART III—SECTION 4]
[Miscellaneous Notifications including Notifications, Orders, advertisements and Notices issued by Statutory Bodies]
(373)
1- 419 GI/2000 I Id -J 376 377 •378 379 380 I
O
8
o
3O 00 u so us 384 385 3-86 387 388 389 3—419GI/2000 390 391 392 393 394 395 51 397 4—419GI/2000 398 401 402 403 404 405 5—419GI/2000 406 407 408 409 410 411 412 413 6—419GI/2000 414 413 416 417 418 419 o r
§
O o o
to 6 426 427 428 429 • :—| 8~^19GI/2000 430 431 to 4* ON r
s
It* II -J CO 439 440 441 442 443 444 I
8
*>
fk Ol 446 447 00 449 450 453 11_419GI/2000 454 4S5 456 437 438 La o 461 12-^119GI/2000 462 463 464 465 466 467 468 469 13—419GI/2000 470 471 472 473 474 47^ 476 477 14—419GI/2000 478 479 480 481 482 483 484 435 15—419GI/2000 486 487 488 489 490 491 492 493 16—419GI/200O 494 495 496 497 498 499 500 501 17—419GI/2000 507.
503 504 505 506 507 508 509 IR—4i9GT/2nnn 510 511 512 513 514 515 5H5 517 1Q_~41QGT/2OOO 518 519 520 521 522 ^23 524 525 526 527 528 529 530.
531 532 1
O
N> O o o 'J- ON
CO Ul 540 541 22—419GI/2000 542 543 544 543 546PART III—SK\ 4] THE GAZETTE OF LNDIA, JANUARY 13, 2001 (PAUSA 23,1922) 547
STATE BANK OF IN1NA
ASSOCIATES A SUBSIDIARIES GVHJP
MUMBAI
SBD. No. 13 /2000 Dec. zc , 2000.
In terms of clause (c) Sub-Section (1) of Section 25 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), the State Bank of India hereby nominates Shri M.N. Rao, Dy.General Manager (Associate Banks), State Bank of India, A&S Group, Mumbai, as a Director on the Boards of the following Associate Banks w.e.f. 1.1.2001 vice Shri B.V.V. Rajeswara Rao:
1) State Bank of Bikaner & Jaipur
2) State Bank of Hyderabad
3) State Bank cf Indore
4) State Bank of Mysore
5) State Bank of Patiala
6) State Bank of Saurashtra
7) State Bank of Travancore.
(.told BaBafah) CHAIRMAN548 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART HI—SEC. 4 Mo ,2/1 959/QU/£vEi!P/G9/pt. 1/2602
S.O ,,'^heteas the employers of the establishment mentioned In Schedule-I (Hereinafter referred to as the said establishment) have appliad for exemption under Sub- Section 2(A) of Section 17 of the Employees' provident fund & Miscellaneous Provisions Act,195?. (19 of 1952 ) hereinafter referred to as the said Act.
Ana whereas the Central provident Fund Cntnmisaionsn, is.satisfied that the employees of the said establishments are, without making any seperote contribution or payment of premium in enjoyment of benefits undar the' Group
Insurance Scheme of the Life Insurance Corporation of India in the nature of L?.fe Insurance which are more favourable to such employees than the benefits admissible Under the' EiJtplcyees* Deposit Linked Insurance Schema,1976 (here- inafter referred to as the said Scheme), •
Mcrtf' therefore, in ev.ercise of "the potoer conferred by Sub-Soction 2 ( H) of Section 17 of the said Act in
continuation of Gov-t. of India, the Ministry of Ljjbfcur/ C.P-r.C Notification N^.and date shown arpinst the name rf oach oC the sa.xd astabl'ishnten :s from the conditions spscifiscJ in Schedule-II ann"-ieu hctoto the Central Provident Fund Cojiunissionox hereby exdmpt each of the said establishment from the oporation of all tile provisions *"f the said
scheue c further-period of 3 years as Indicated in-
attached Schedule-I against their names.
SCHEPUU-II
r
P A R T
I I I
—
Code No.
S .I :^o. Name & Address of the e s t t.
a
oate of
expiry
Period
for
c.p.r.c*s
Pile Mo.
1
S E C
.
4
]
No. and date of Govt,
N o t i f i c a t i on vide
which exemption was
qranted/extandea
o
2/1959/DLl/Exem/89
30.9.99
KN/12151
6/4/96|
1.
P t . l, d t . 1 8 . 1 1 . 98
•£.:$>. >-A I.l0.99to 23.6.2000
M / S. Hanipal finance Corporation
^ta.,M"nipai House,Post
Manipal-5^6119.
31. 10 59
-do-
XN/12398
6/5/96
2.
d t. 18.11.98
1.11.9 9 to
23.6.2000
M / S. Hanipal Sowbhagya Nldhi
Ltd., Manipai House, Manipai.
576119.
T H E G A Z E T T E
O F 30.9.99
-do-
3.
KN/3555
6/9/96
I
d t. 18.11.98
l,lO.99to
23.6.2000
N D
I M/s. Manipa^ Industries L t d ., M"nipai House, Marupai- 576119.
A
,
J
-do-
30.9.S*
KN/355b
6/11/ 9t.
4.
d t. 18.11.99
1.10. 59to
23.O.2OOO
A N U A R Y M / S. Western Roadways, c /o Mar^lpai I n d u s t r i e s, ^.O. Manipai Karnataka.
1 3
, 31,1*:.39
-do-
6/14/96
KM/l2iB8
5.
2 0 0 1
dt. 16.11,96
M / S. N.K.A.M. I n s t i t u te of Technology N i t t e, Kerkaia 574ioa.
1 . 1 . 2 0 0 0 to 23.0.200C
( P A U S A
2 3 31.12.99
KN/1222"
-do-
6.
,
O 6/15/96
a, 10.11.98
1. 1.2CfX> t<
23.6.PGOO
M/s. Nitte Education Trust,
Kodiaiban ,Mangalore-755003.
1 9 2 2
) 31.12,99
.do.
o 6/19/96
XH/12822
r.
dt. 16.11.9b
H / =. Mitte I n s t i t u te o£ Huxsing
Science, Nanthoor, H&ngaiore.
1.1.2O00 t
23.S.20O0
5 4
' .
31.12.&&
- d o-
• : . K s. T.A, P&i f. <*;•**'t j^er.t I n s t i t u te KW/2 2 3 32
6/2C, ^6
5 5 0 ?:."t *.anipa.L-*7&llS"
d t. 36. 1 1 . St
1.1,2C< - to
23,6,-iC L
- a o-
31.12.99
*-". M/s. N.3.S.M. I n s t i t u te of
Wl/12287
6/21/:>6
Pharmaceutical S e r v i ce Kar.thr-or,
1.1.2CC- Q
23,^,^0. "-
dt. l6,lla98
T H E
31,12,99
KW/125O3
10. M/s. N,R.AtM, PlytecH^.lc, P.O
6/22/96
N I t t e, KarX^la-574100.
dt, 16.11,98
1.1.2000 t
23.6,2000
G A Z E T T E
31.12.99
-do-
1lt M/n, Mandovl Motors, Arvind
6/32/96
O F
dt. 10. 11.98
I
1.1.2000 to 23a6.2OOO Motors aalmatt* Road, Mangaibre-575001.
N D
I
A
,
J
A N U A R Y
P
,
? 0 0 1
(
'
P A L S A
2 1
1 9 2 2
)
[
P A R T
T
i l -
S PPART III—SEC. 41 THE GAZETTE t>F INDIA. JANUARY 13, 2001 (PAUSA 23, 1922) 551 . SCHEDULE-II
i. The employer in .relation to each of the said establishment ^(hereinafter r e e r r ed to as the employer) shall sbumlt such
returns to the Regional Provident Fund Commissioner concerned and maintain such account and provide "ueh f a c i l i t i es for inspection, ^s the Central Provident Fund Corrwdssioner may d i r e ct from time to time.
£. The empliyer s h a ll pay suchj inspection charges as the Central oovt. may, from time to time, d i r e ct under clause (a) aub-Sectiam (ZA) o£ Section 17 o£^ the said Act, within 15 days from the close o£tevery month.
3. All expenses involved in the administration of the Group Insurance Scheme, including maintenance of accounts, suixniaslon of r e t u r n s, payment o£ insurance premia, transfer accounts, payment - o£ inspection "charges e t c, s h a ll be borno by th" amployer,
4, The employer s h a ll display on the Notice Board of the e s t a- blishment, copy of the rules o£ the Group Insurance Scheme as
approved hy the Central Government/Central ProvidentFupd Commissioner as and when amended al"ngwith t r a n s l a t i >n o£ the s*ilent feature thereof in the language of the majority of the employee**
5, Wheceao an ernpl*"yoe, whr> is JWjeady " -member of the Employees provident Fund or the pr.vident Fund of an establishment exempted under the s^irt Act, is employed in h is estableihment the employer ^shall immediately admit him as a member of the on.up Insurance scheme and pay necessary premium in respect of him to Life
insurance Corporation of India.
The employer shall arrange to enhance the benefits available to the employees under the Group Insurance r.^b'-me ap^ropr^tely if the nenefits a v a i l a b le tn the employees uncle the s* 6 Scheme are .i_ennanced so t h at the benefits available in * the Or up Insurance Scheme are more favourable to the employe ths^, t.h" toe"e£ita admissible under the sMd Scheme.
552 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 47. Notwlthetending anything contained in the Group Insurance Schero©/ if on the death of an employees the amounts payable under th" Scheme Jae l e ss than the amount t h at Hjouid be payable had the employees baen covered under the said Schanrn, the employer shall pay the difference to the nominee (a) legal heir (s) of the employee aa compensation.
8. No amendment o£ the provisions of the oroup insurance Scheme s h a ll be made without the p r i or approval of the Regional Provident Fund Commissioner concerned and where"my amendment ia l i k e ly to effoot adversely the i n t e r e st of the employees hi" apparnval, give a reaieobaie opportunity to thto employees to explain point of view.
9. v r-re 'orp any reason/ the employee of th© sodd e s t a- ..i."*hir.'. H* do ^ot remain covered under the Oroup Insurance scheme or the ','r-i Iii.~ura.noe Corporation of iri'U*^ ao W.n.:a<5y *- * . estsbliohment, for the benefit.a to the "mplo*"e8 under a? .*ne are reduced in any manner, the exemption oh a ll be i.itj.nla to b© cancelled.
10, Wh*ro for any r"a"on/ the employer f a l ls to pay the premium • t o *, within ^o ^.TI" date^as fixed by the Life Xnsuranao Corpn.
of India^ and the policy is allowed to l a p s e, the exemption sh*ll be l i a b le te be ca^icelleH.
11" In c lM of d e f a u l t, If any made by th" employer, in payment of prmium the r e s p o n s i b i l i ty for paymfcnt of assufKhca benefits to th" nominee (s) Legal h e ir (s) of deceased member who Would have btt"n atovered under,- the s-?id Scheme >Ybut fdV gran% of t h is exttrnptlAn s h a ll be t h at of the employer.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 55312. Upon the death of the member covered under the Group
Insurance Scheme, this Life Insurance Corporation of India
shall ensure prompt payment of the sum assured to the nominee (s)
Legal heir ( s) of the deceased nwimber entitled for it and ii
any case within one month from the receipt of claim complete
in all respect.
( s. RAGHURAM )
REGIONAL PRCVIDENT FUND QDMMISSIONER
No: 2/19^9/DLl/EXFiT/G9/Pt.1/2619
S.O *WHearea the employer of the eatablish- m3nt mentioned In Scheduled - I (hereinafter referred to as the said establishment ) have applied for exemption under Sub-Section 2(A) of Section 17 of the Employees' Provident Ftcad and Miscellaneous Provisions Act, 1952 (19 of 1952) hereinafter referred to as the said Act.
AND WKEPXAS THE CENTRAL PROVIDENT FUND C O M I S S I G N ER IS satisfied tha" the employees of t he said establishments are -without making any seperate contrltutlon or payment of premium, in enjoynant of benefits under the Group
Insurance Scheme of the Life Insurance Corporation ot India in tho natura of Life Insurance which are more
favonrbalo io ?ucb emplouees than the benefits admissible under the EmployJGS Deposit Linked Insurance Scheme, 1976 (hemlnafter referred to as the said Scheme).
How, tliprcrora, in eEercised of the j>©-*~-
by Bub-ijeutiun :(&) of --u " "" ^-""-a opnferred s u b^t / m. co^ui'J"6 3 e o t l on 17 of t he Baid *ot "
In Schaeule - ! L !, "*" "e n t l o n^ e.tabllshmait. which dp+- „ . ••""tbe d a te "enticned against ,aoh from -." relaxatlcn onler under para 2B(71 n* +V
CoiMiia3ioner, H - ' V ^. Provident B\jnd operation nf e o^ o 7" T*—fj^1" from the
said Sohen* f, . p e r l w| of 3 ( t h w) ^^ .
SCHEDULE-1
5 5 4
| S.No. | Name and Address of the Code No. Establishment | Period for C.P.F.C.'sFileNo. Exemption | ||
| 1 | M/s. Hind Udyog, HR/1457 56-C/2, Industrial Area, KIT., Faridabad, Haryana. | 1.12.90 to 30.11.93, 5/15/99/DLI 1.12.93 to 30.11.96, | ||
| 2 | M/s. Hotel Delite, HR/5717 Plot No. 17. Neelam Btfa Road, Faridabad | 1,2.92 to 31.1.95, 5/4/9&^DLI 1.2.95 TO 31.1.98, 1.2.98 toa3-6.200O | ||
| 3 | M/s. Modern Public School, HR/7506 1.9.95 to 31.8.98 5/24/2000/DLI Sector- 37. Fgridabad. |
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
[
P A R T
I I I
—
S E C
.
4^ARI III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 35 s 5 C H E D U L E - II
1. The employer In relation to each of the said establishment (hereinafter referred to as the Employer) shall submit such returns to the Regional PrvAdent Fund Comissioner concerned and maintain such account and provide such faciJities for inspection, as the Central Provident i\ind Commissioner may direct from time to time.
2. The employer shall pay such inspection charges as the Central Govt., may from time of time, direct undt,r clause (a) Sub-.8eoti.on (2A> of Section 17 of the said ^ t, within 15 days from the close of every month.
• All expenses involved in the administration of the Group Insurance Scheme, including maintenance of account, submission of returns, payment of insurance premia, transfer accountst payment of inspection charges e t c. sh^ll be borne bynthe employer. 4, The employer shall display on the Notice Board of the establishment, copy of *:he rules of the Group Insurance Scheme as approved by the Central Oovfernmentj^Centrai Provident Fund Commies loner as and when amended alongwith translation of salient feature thereof in the iangua9^ of the majority of the employees.
5. Whereas an employet, who is already a member of the Employees Provident Fund or tho Provident Fund of an establishment exempted under the said Act, is employed in his establishment the employer shall immediately admit him as a member of the Group Insurance Scheme and pay necessary premium in respect of him to Life Insurance Corporation of India.
6,, The employer shall arrange to enhance- the benefits available to the employees aundtr the Group Insurance Scheme opproprately if the benefits available to the employcea under said Schema are enhanced so that the benefits available under Giroup Insurance Scheme are more favourable to the employees than the .benefits admissible under the said Scheme.
556 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 47. Notwithstanding anything contained iri'the Group Insurance Scheme, i£ on the death o£ an employees thfe, Amounts iftyable under the Scheme be less tin an the amount th^t would te payable had the ernpJ oyees been covered undir the said Scheme, the umployftx shall pa.y the diffcrc.net. to the nominee (s) legal heir(e) of the.
employees as compensation.
8. Ho amendment of the provisiqns of tne Group Insurance Schemt shall be rr\ade without the prior approval of the Regional Provident Fund Commissioner concerned arid" where any amendment is l i k e ly to effect adversely tht- i n t e r e st of the employees hie approval/ give a reasonable opportunity to the employees to explain point of view,
9. Therefore any reason the employee of the said establishment do not remain covered under the Croup Inflaurance Scheme of the Life Insurance Corporation o^ Ir.dia as a ready adopted by the said establishment, for tht: benefits to the employees under this scheme are ra
10. Where for any reason, the employer f a i ls to pay the premium e t c ., within the due d a t e, as fixed by the Life Insurance Corporation of I n d i a/ and the policy is allowed to lapse/ the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the employer in
payment of premium the responsibility for payment of assurance benefits to the nominee (s) Legal heir (s) of dtctesaed member who would have been covered und'.r the said Scheme but for grant of t h is exemption shall be that of the employer,PART III—SEC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 557 12. Upon t he death of t he member covered under t he Group I n s u r a n ce Scheme, t h is L i fe I n s u r a n ce Corporation of I n d ia
s h a ll ensure prompt payment of t he sum a s s u r ed to t he nominee ( s) Legal h e ir ( s) of t he deceased Bomber e n t i t l ed f or it and in any case w i t h in one month from t he r e c e i pt of claim complete in a ll r e s p e c t.
( S. RAGHURAM )
REGIONAL PRtVIDENT FUND COMMISSIONER No.2/1 Mv9/DLI/&,E.W/09/Pt. 1/2633
5-0 , Whereas t he employers of the e s t a b l i s h m e nt mentioned in 5ohf"clulo-I ( H e r e i n a f t er r e f e r r ed to as t he
s a id oc t3blichr.r>nt) have a p p l i ed f or exemption under S u b- S e c t i on 2(A) of S e c t i on 17 of t he Employees' P r o v i d e nt furva ft Miscellaneous P r o v i s i o ns A c t , 1 V ^. (19 of 1952 ) h e r e i n a f t er referred to ss the said Act*
And whereas the Central Pro7icSent Fund Commissioner, i s . s a t i s f i ed that the employees of the said eatablishraentf are, without r.nking any seperate contribution or payment of premium An enjoyment of benefits undar the' Group
Inry^sncG Scheme of the Uf Insurance Corporation of India in the" nature of Lsfe Insurance which are more favourable to ouch orapicyees than the benefits admissible Under the Eniplo/5^5T Deposit Linked Insurance Scheme ,197-6 (here-
inafter rojfcrx^ci to as the said Schenie),
V.OY' th&rofcre, in exercise of the power conferred by Sub-SocV.c-n 2{*) of Section 17 of the said Act in
tont.inu.itior. of Covt, of India, the Ministry of l.ab*ux/ C.P.r.C No'Jj-'lt-ctilon U*. end ciate shov;n ao-^inst the name t^f fach of the said astablishman-,s from the conditions
s p c c i ^ cJ in ScKoduU-II ann-*;eu hrToto the Central Provident Tc^d Cf^n-iniissj onor hereby Gxdmpt each of the said establishment Iron tho op-na'cion of a il tttc provisions mf the 3aid
scheme L further period oX 3 years as indicated in.
attached Sch^dule-I against their na/nes.
24—419GI/2OOO
SCHEDULE-I I
3 8
Co$e K Q. No "nd date of Govt
. nate of
£p. Name & Address of the e s t t.
s.
C.P.F.C's
P i le No.
expiry
Period
ffcr
exemp.
Notification via*
which exemp w"ff
granted/ex tented
MH/439S 2/l959/DLl/Exero./89/
5.4.92
6.4.^92 to 9/71/99
1.
P t .I d t.
M/s. Indian Dyestuff Ind. L t d .,
liAftial Centre, N"rlm6n Point
tfumbai-400021.
T H E G A Z E T T E
6.4.95 to ^ ^
S.4.98
6.4,9P to
23.S.2000
M/2I772 - d o-
31.10.97
2.
O F
I dt. 5,2.f-P
H / S. Eraucuse Pharmaceuticals
i'vt. Ltd.,Pap odi, PMne-411012,
1.11.97 to 2/60/95
23.6.2000
N D
I
A
.
J
HH/21772-C
-do-
31.J.99
9/22/98
3.
d t. 2B.1.99
M/s.Omni Protech Drugs Pvt,
Ltd.,, C-4/13, MIDC, Bhoeari,
1.4.99 to
23.6.2000
A N U A R Y
1 3
,
MH/21772-A
-do"
3l.12.9fi
4.
9/23/98
dt. 2e.l.99
1.1. W to
23.6.2000
2 0 0 1
( M/S. Lasot Laboratories L t d ., C-10/12, MIDC, Bhosari, Pune -411026.
5.
P A U S A -do-
KH/6830
31.1.97
2/1963/89
dt. 25.1.2000
2 3
,
& :o
M/s. Pouress Ergineeriiig India
Ltd., 22, Bhuiabhai Desai Road,
Hahaiaxmi CheHia*rs,XBX Mumbai-26
aiongwith i ts branches.
1.2.97 to
31.1.2000
1.2.2O00 t
23.6.2COO
1 9 2 2
) -do-
31.5.94
2/2161/39
6.
[ M/s. Mahindra Vgine S t e ll Co. L t d ., MH/7123 Mav^indra Towers, Worli, Mumbai_4000lF. alongwith i ts branches.
P A R T
& to
I I I
>
1.6.94 to
31.5.97 &
1.6.97 to
31.5,2000
1.6,2000
23,6.2OOC
—
S E C
4 -do- 4.1.97
MH/41S4-2295
7.
P A K T dt. 12,12.97
I I I
—
M/s. Otis Elevator CWmj*wi Ir*Ji*
aatewany Building, Apollo
Bunder Msmbai -400001, * l o n / " i th
i ts branches.
5.1.97 to 2/1U5/F4
4.1.20004.
5.1.2000 to
23*6.2000
S E C
.
4 -dH3- 23.12.SS
Mf/19662
" 24.12.8? to 2/764/82
8.
] dt. 23.2.87
M/", cartoon Evecfiow Ltd,,
88, MIDC Area, satpur, ifasiX-
422007.
T H E
23.12.92 &
24.12.91 to
23.12.95 &
24.12.95 to
23,12.96 &
24.12.98 to
23.6.2O00
KH/460
-do- 30.9.93
5.
G A Z E T T E dt. 28,5.92
1.10.93 to 2/2U3/63
30.5,96 &
O F M/s. Bajaj L l e c t r i c a ls L t d ., 45/4*7, *eer Kariman Rcx*d, MumCAi-23.
1,10.96 to
I
30.9.99
N D
I
A
,
J
1.10.99 to
23.6.2000
MH/121C7
1C
-do- 28.2,96
dt. 20.S.99
. M/". Fibre F o i ls Ltd. 58,HIDC
And>reri IL) t'iw^bai-4OC093,
A N U A R Y
1 3
1.3.96 to 2/3376/9)
28.2.99 &
1.3.9? tc
*3.6.2OOG
11
,
2 0 0 1
MK/4349
-^9-^ ,- 24.S.91
( (St. 14.9,oV
, M/s. B i t i i b c .i L t d ., S.V. Reed,
Jogeshwari# tfumoai-4000102.
P A U S A
2 3
, -yo- 2 4 . l l , ^j
WK/3>7
1 9 2 2
) dt. 19.1,9i
25.9.SI to 2/663/32
24.9,^4 i
25.9.94 to
24.^.97 &
25.9,97 to
23.6.20OU
25.11.94 to
24, 3 1,97
Hindustan faever House, 164/166,
fiacX&ay, rtev.iStation, Mc"il"*ii-^0.
5 5 9560 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 5 C H E D U LE - II
1. The employee in relation to each of the said establishment (hereinafter referred to as the eimployer) shall submit such returns to thfc Regional Prvldent Fund Comiseioner concerned and maintain such account and provide such f a c u l t i es for inepection, as the Central Provident Aind Commissioner may direct from time to time.
2t The employer sh^ll pay such inspection charges as the Central Govt., may fr
3
All expenses Involved in the administration of the Group Insurance Scheme, Including maintenance ot account, submission of r e t u r n s, payment of insurance premia, tr*n"£er accounts, payment of Inspection charges e t c. shall be borne bynthe employer.
4. The employer shall display on the Notice Board of the establishment, copy of the rules of the Group Insurance Schemes as approved by the Central vJovfe.rnmentpCentrai Provident Fund Commissioner as and when amended alongwith translation of salient feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a member of the Employees Provident Fund or the Provident Pund of an establishment exempted under tne said Act, is employed ip his establiahment the employer shall Immediately admit him as a member of the Group Insurance Scheme and pay necessary premium in respect of him to Life Insurance Corporation of India.
6. The employer shall arrange to enhance, the benefits available to th© employees 3undt:r the Group Insurance Schema opproprately if the benefits available to the employees ujgder said Schema are enhanced so that the benefits available under Group Insurance Scheme are more favourable to the employees than the benefits admissible under the s&id Scheme.
PART M — S BC 4] HWE G A Z E T TE OF iNDtft, JANUARY B, 2901 ( K M WA 23,1922) 561^7. Not .'withstanding anything contained in the Group Insurance Scheme, if on the death of an employees the amounts payable under the Scheme be less than the amount th^t would bt payable; had the employees been covered under the said Scheme, the employer shall pay the difference to the nominee (s) legal heir(s) of the employees as compensation.
8. No amendment of the provisions of the Group Insurance Scheme shall be made without the prior approval of tLie Regional Provident Fund Commissioner concerned and where any amendment is liXely to effect adversely the i n t e r e st of the employees his approval, give a reasonable opportunity to the employees to explain point of view.
9. Therefore any reason the employee of the said establishment do net remain covered under the Group Insauranee Scheme of the Life Insurance evaporation of India as a ready adopted by the s*i<5 "*tataishrnent/ for tht: Iwn&efits to the employees under this •ch"me are reduced in any manner, the exemption shall be liable to be cancelled.
10. Whore for any reason/ the employer f a i ls to pay the premium e t c. t within the due d a t e, as fixed by the Life Insurance Corporation of India, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the employer in payment of premium the responsibility for payme-nt of assurance benefits to the nominee (s) Legal heir (s) of dtcesaed member who would have been covered urvJU-r the said Scheme but for grant of t h is exemption shall be that of the employer.
562 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART IU—SEC. 412. Upon the death of the member covered under the Group
Insurance Scheme, t h is Life Insurance Corporation of India
•hall ensure prompt payment of the sum assured to the nominee ( s)
Legal heir ( s) of the deceased Member e n t i t l ed for it and in
any case within one month from the receipt- of claim complete
in a ll respect,
( S. RAGHURAM )
REGIONAL PRCVIDENT FUND COMMISSIONER
No. 2/ m t y D L l / E M e m p / 8 9 / P t. 1/2653
S"O
irfhereas the. employer of the e s t a b l i s h m e nt mentioned in SK**wd"led -I ( h e r e i n a f t er r e f e r r ed to a* the s a id e s t a b l i s h m e nt ) have a p p l i ed for exemption under S u b - S e c t i on 2 (A) of S e c t i on 17 of t he £mploy**s* P r o v i d e nt Fund and M i s c e l l a n e o us P r o v i s i o ns A c t, 19S2 ( 19 of 195
The Central P r o v i d e nt fund Commissioner is s a t i s f i ed that the employ*** of t h* s a id e s t a b l i s h m e n ts are without making any **p"rat" c o n t r i b u t i on or payment of pr*mlum, in *njoym*nt of b e n e f i t* under t h* Group Insuranc* Soh*n* of t h* L i f* Insurance Corpor*tlon of I n d ia in the natur* of L i f* Insurance which ar* mor* favourbale to suoh employees than t h* b e n e f i t* a d m i s s i b le under t h* employ***' D e p o s it Linked Insurance Scheme, 1976 ( h e r e i n a f t er r*f*rr*d to a* t h* e a id 9ch*m* ).
Mow, t h e r e f o r *, in " K *r a i s ed of t he power* c o n f e r r ed by
S u b - S e c t i on ZiK) o* t h* S e c t i on 17 of t h* s a id A ct and s u b j e ct to th* conditions ep^cified in Schedule-II annexed h*r*to, th* Central Provident fund Commissioner hereby exempt, each of the said mentioned establvlhmentsj in Schedule-I from the d"t* mentioned against each from which date relaxation ord*r undker Par* 28(7) of the said Scheme has been granted by the Regional Provident Fund Cop*aisslon*r< /X1^* fro* th* operation of said
ScnejD* fro a period of 3 (the** ) years.
SCHEDULE.!
P A R T
i
n
—
,No. Name & Address of the e s t t.
Code No.
s
S E C
C.P.P.C's
File Ho.
.
4
Effective
date of
Exemption
] 1
DL/12280
3/181/C.V/2000
. M/s. HemnAni Public Schoolt
Baba Nebh Raj Marg, Lajpat
Nagar-J New Delhi-110024.
1.2.91 to
31.1.94 &
1.2.94 to
31.1.97 &
1.2.97 to
31.1.2000
T H E G A Z E T T E 2 . M/a, TCIL Bellsouth L t d .,
3/182/C.V/2OOO •
DL/137B5
O F
I
1.7.98 t©
23.6,2000
N D
I Mercantile' House, 7th Floor, l5,Kasturba Gandhi Marg, New Delhi-UOOOl.
A
,
J 3
DL/15876
3/183/C.V/20O0
. K/s. VLS Finance Ltd., C-489,
Defence Colony, New D e l h i - 2 4,
A N U A R Y
1 3
1.7.95 to
30.6.98 &
1.7.98 to
23.6.2000
,
2 0 0 1
( 4
DL/15978
3/184/C.V/2000
1.7,99 to
23.6.2000
P A U S A . M/s. K.L.Bhrara & Co,, P v t. Room No. 7-A,Metro Hotel, Connaught Place, New D e l h i - 1.
2 3
,
1 9 2 2
) . M/s. Rieter India Pvt. L t d .,
5
3/165/C.V/2000
DL/17530
1.6.97 to
31.5.2000
38, Ring Road, Lajpat Nagar-III,
New Delhi-110024.
5 6 3564 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [pAirr m—Sue. 4 S C H E D U LE - II
1. The employer in r e l a t i on to e a ch of the s a id e s t a b l i s h m e nt ( H e r e i n a f t er referred to as the employer) s h a ll sufcmit such r e t u r ns to thfe Regional Prvident Fund Comissioner concerned and m a i n t a in ouch account and provide such f a c u l t i es f or i n s p e c t i o n, as t he Central P r o v i d e nt Fund Commissioner may d i r e ct from time to t i m e.
2" The employer s h a ll pay such i n s p e c t i on charges as the C e n t r al G o v t ., may from time of time; d i r e ct under c l a u se (a) S u b - S e c t i on (2A> of S e c t i on 17 of the s a id Act, w i t h in 15 daye from the c l o se of e v e ry month.
' Ml expense* i n v o l v ed in t he a d m i n i s t r a t i on of t he Group tfisuxance Scheme, i n c l u d i ng maintenance of account, submission of r e t u r n s, payment of insurance premia, t r a n s f er a c c o u n t s, payment :>£ i n s p e c t i on charges e t c. s h a ll toe borne bynthe employer.
4. The employer s h a ll d i s p l ay on the Notiee Board of the e s t a b l i s h m e n t, copy of the r u l es of the Group Insurance Scheme as approved by the C e n t r al OovernmentipCcntrai Provident Fund Commissioner as and when amended alongwith t r a n s l a t i on of s a i i e nt f e a t u re t h e r e of in the language of the majority of the employees.
5. Whereas an employee, who is already a member of the
Employees Provident Fund or the Provident fund of an establishment
exempted under the s a id A c t, is employed in h is e s t a b l i s h m e nt the employer s h a ll immediately admit him as a member of the Group I n s u r a n ce Scheme and pay necessary premium in r o s p e ct of him to L i fe Insurance Corporation of I n d i a.
6". The employer s>iail arrange to enhance the b e n e f i ts
a v a i l a b le to the employees aunder the Group rnsur^nce Scheme
o p p r o p r a t e ly if the bone f i ts a v a i l a b le to the employees under s a id Soheme are enhanced so t h at the b e n e f i t s . a v a i l a b le under Group Insurance Scheme arc more favourable to the cmploye"a t h *n t he b e n e f i ts a d m i s s i b le under t he s a id Scheme.
PART ffl—SEC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) ^57. Not .'withstanding anything contained in the Group Insurance Scheme, if on the- de^th of an employees th^ amounts payable under the Scheme be less th^n the amount th^t would be payable"had the employees been covcrud under the said Scheme,. the employer shall pay the difference to the nominee (s) legal heir(s) of the
employees as compensation.
8. No amendment of the provisions of the Group Insurance Scheme shall be made without the prior approval of t^e Regional Provident Fund Commissioner concerned and where any amendment is l i k e ly to effect adversely the i n t e r e st of the employees his approval, give a reasonable opportunity to the employees to explain point of view.
9. Therefore any reason the employee of the said establishment do not remain covered under the Group Insaurance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for the benefits to the employees under this scheme are reduced in any manner, the exemption shall be liable to be cancelled.
10. Where for any reason, the. employer fails to pay the
premium e t c ,, within the due date, as fixed by the Life Insurance Corporation of India, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the employer in
payment of premium the responsibility for payment of assurance benefits to t^e nominee (s) Legal heir (s) of dt-ctesaed member who-would have been covered unoVr the said Scheme but for grant of t h is exemption sh^ll bt: that of the employer,
25—419GI/2000566 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART m—SEC. 4
12. Upon the death of the member covered under the Group
Insurance Scheme, t h is Life Insurance Corporation of India
shall ensure prompt payment of the sum assured to the nominee ( s)
Legal heir ( s) of the deceased Member e n t i t l ed for it and in
any case within one month from the receipt of claim complete
in a ll respect.
( S.ffAGHURAM)
REGIONAL PRCVIDENT FUND COMMISSIONER
No. 2 / l * 5 9 / D L l / E x e m p / 8 9 / P t . 1 / 2 6 66
SOO tfhereas the employer of the e s t a b l i s h m e nt mentioned
in Scheduled -I (hereinafter referred to a* the e"ld establishment )
have applied for exemption under Sub-Section 2(JO of Section 17
o£ the Employees' Provident fund and Miscellaneous Provisions Act,
1952 (19 of 1952) hereinafter referred to as the said Act.
The Qtntral Provident fund Cornnla*lonsr is satisfied that the employees of the said establishments are without maXingi any separate contribution or payment of premium, in enjoyment of benefits under the Oroup Insurance Scheme of the Life Insurance corporation of India in the nature of Life Insurance which are more favourbale to suoh employees than the benefits admissible under the. employees' Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as the said Scheme ).
Now, therefore, in ewe raised of the powers conferred by Sub-Section 2(A) oft the Section 17 of the said Act, and subject to the conditions specified in Schedule-.II annexed hereto, the Central Provident fund Commissioner her"by exempt. "ach of the said mentioned establslhimnts^ in Schedule-! from the date mentioned against each from which date relaxation order under Par* 28(7) of the said Scheme has been granted by the fteylonal Provident
Fund Commissioner, (\(oLu^ fro* the operation of said
Scheme fro a period of 3 (three ) years.
PART m—Sic. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) 5673ehedule-l.
S.I No. Hams fc Address of t he E e t t.
Code No.
C.P.P.C's
Pile No.
Effective
date of
Exemption
3/187/C.V/
1.3.98 to
DL/378
1.
2000
M/a. Rakafth P r e s s, A-7, Naraina I n d u s t r i al Area, P h a s e - H, New "#"hl-110028.
to
DL/3579
2.
1.1.99 to
23.6.2000
M/a. Tha Fertiliser Asaocl*ta of India, 10,Shaheed J it Singh Marg, Maw D a l h l .1 1 0 0 6 7.
3/188/c.v/ 2000
DL/5239
3.
3/189/C.V/
2000
H/S. Orlplaaa rauoata India,
47-48, DSIDC Shad Okhia Indl.
Area, Phase-1, New Delhi-20.
1,2.88 to
31.1.91 &
1.2.91 to
31.1.94 *
1.2.94 to
31.1.97 &
1.2.97 to
31.1.2000
i 3/190/C.V/
DL/7243
4,
2000
1
M/a. jayan Nath & Sons B/9-12,
Okhia Induatrial Araa, Phasa.l,
N"w Dalhl.110020.
1
1
1,10.87 to
30.9.90 &
1.10.90 to
30,9.93 fc
1.10.93 to
30.9.96 &
1.10.96 to
30.9.99
DL/8496
5.
/191/C.V/2QOO
H/s. park Hot.1,15, Parliament
Str**t, N"w Dvlhl-110001.
1.6,ftto 3
31.5,98 fc
1.6.98 to
23,6.2000
6.
DL/9281
,.3/192/c.v/
zooo
M/a. Mantai Modarn Sr. Sac.
school, H-Biook, vikas Purl,
N"w qelhl-18.
1
1.11.92 to
31.10.95 6
1.11.95 to
31.10.98 fc
1.11.98 to
23.6.2000
7.
3/193/C.V/
DL/11894
2000
H/s. Intar Continental Consult-
-ants and Technografta Pvt. Ltd,,
A-11, Oraen Park, New Delhi-16.
1.3.95 to
28,2,98 '
1,3.98 to
23.6.2000
8.
DL/12903
1.3.97 to
29.2.2000
3/194/C.V/
^000
M/a. Indian Renewable Snergy
Devalopawnt Agency Ltd., India
Habitat Centre Con$>lex Core 4,
A,K"*t Court,I"t Floor, Lodhi
Road, New Delhi-11003.
568 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SBC. 49.
DL/13093,
3/195/C. .v/ M/s. Sol*rson Industrie* L t d ,, Shoetla Ho-tise, 73-74,Nehru Pl*ce. New Delhi-110019,
£000
1.12.96 to 30.11.99 & 1.12.99 to 23.6.2000
10. , fl/s. vaoco Travel Pvt. L t d .,
3/198/C.
DL/15228
v/ M-64 ( I at Ploor)L"jpat Nagar-,II, New Delhi-110024,
£000
1.7.96 to 30.6.99 & 1.7.99 to 23.6,a"0D
3/199/C.V
DL/15629
1 1.
1.10.97 to 23.6.2000
zooo M/s, Orient Craft Ltd., Orient HOUBO, P-8, okhl* I n d u s t r i al Area, p ] ^ c e - l, New Delhi-20,
3/2OO/C.V;
i DL/16050
12.
1.8.99 to 23.6.2000
2000 M/S. Roof Top Hotels & ftestauranta Pvt. Ltd"^ Antrikah Bhawftn, 27, K.G, Marg,Connaught Flaoe, New Delhi-1,
3/201/C.V/
DL/16206
1 3.
zooo M/S. AVK-SEG controls (India) Ltd., 222, Okhia I n d u s t r i al Estate, New Delhi-110020
1.4.93 to 31.3.96 & 1.4.96 to 31.3.99 A 1.4.99 to 23.6.2000
3/202/c.V/
1.7.98 to
DL/17293
14.
23.6.2000
2000
M/S. Bistro Americana L t d ., Punj Lloyd House, 17, Nehru Place, New Delhi-110019.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 5695 C H E D U L_E - II
1. The employer in relation to each of the said establishment (hereinafter referred to as the employer) shall submit such returns to thfc Regional Prvident Fund Comissioner concerned and maintain such account and provide such f a c i l i t i es for inspection, as the Central Provident Fund Commissioner may direct from time to time.
2t The employer s h a ll pay such inspection charges as the Central Govt., may frcm time of time, direct under clause (a) Sub-Section (2A> of Section 17 of the said Act, within 15 days from the close of every month.
" All expenses involved in the administration of the-Group 1-nsu.rance Scheme, including maintenance of account, submission of r e t u r n s, payment of insurance premia, transfer accounts, payment of inspection charges e t c. shall be borne bynthe employer, 4. The employer shall display on the Notice Board of the establishment, copy of the rules of the Group Insurance Scheme as approved by the Central covernmentilScentral Provident Fund Commissioner as and when amended alongwith translation of salient feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a momb&r of the Employees Provident Fund or the Provident Fund of an establishment exempted under the said Act, is employed in his establishment the employer shall immediately admit him as a member of the Group Insurance Scheme and pay necessary premium in respect of him to Life Insurance Corporation of India.
6. The employer shall arrange to enhance, the benefits available to the employees aunder the Group rnaur^ce Scheme opproprately if the benefits available to the employees ujjdex r
said Scheme are enhanced so that the benefits available under Group Insurance Scheme are more favourable to the employees than the benefits admissible under the said Sohen".
5 70 •
T HE G A Z E T TE OF I N D I A, J A N U A RY 1 3, 2 0 01 ( P A U SA 2 3, 1 9 2 2)
[ P A RT I I I — S tc 4 7. toot .withs tandj.ng anything ^^nt^inod ±"i the Group Insurance Scheme, if on the de^th of an employees the; amounts payable under the Scheme be l e ss than the amount th~>t would be payable had tho employees been covered under the said Schrme, the timplo^^r shall pay the difference to the nominee (s) legal heir(s) of the employees as compensation,
8. No amendment of the provisions of the Group Insurance Scheme shall be made without the prior approval of t^e Regional Provident Fund Commissioner concerned arid where any amendment is Xi-fcely to effect adversely the i n t e r e st of the employees his approval, give a reasonable opportunity to the employees to explain point of view.
9. Therefore/ any reason the employee of the said establishment do not remain covered under the Group Insaurance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for the benefits to the employees under this scheme arw reduced in any manner, the exemption shall be liable to be cancelled.
10. Where for any reason, the employer f a i ls to pay the premium e t c ,, within the due d a t e, as fixed by the Life Insurance Corporation of India, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled,
11. In case of default, if any made by thefemplo^erin payment of premium the responsibility for payment of assurance benefits to the nominee (s) Legal heir (s) of dtcesa©d member Who would have been covered und'-r the said Schema but for grant of t h is exemption s h an be that of the employer.
PACT m—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 57112. Upon the death of the member covered under the Group
Insurance Scheme, t h is L i fe Insurance Corporatibn of India
shall ensure prompt payment of the sum assured to the nominee ( s)
Legal heir ( s) of the deceased Bomber e n t i t l ed for it and in
arty case within one month from the r e c e i pt of claim complete
in a ll respect;
( S. RAGHURAM )
REGIONAL PROVIDENT FUND COMMISSIONER
No. 2 / l " 5 9 / D L l / B " " p / 8 9 / P t . 1 / 2 6 86
SOO , . . ,, Whereas the employer of the e s t a b l i s h m e nt mentioned
in Scheduled "j (hereinafter referred to as the slid establishment )
have applied for exemption under Sub-Section 2(A) of Section 17
of the Employees* Provident Fund and Miscellaneous Provisions *ct,
1952 (19 of 1952) hereinafter referred to as the said Act.
The Central Provident Fund Commissioner is satisfied that the employees of the said establishments are without making any separate contribution or payment of premium, in enjoyment of benefits under the Oroup Insurance Scheme of the Life insurance corporation of India in the nature of Life Insurance which are more favourbale to such employees than the benefits admissible under the employees' Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as the said Scheme )"
Now, therefore, in exeraised of the powers conferred by
Sub-Section 2(A) oft the Section 17 of the eaid Act and subject to the conditions specified in Schedule-II annexed hereto, the Central Provident Fund Commissioner hereby exempt, each of the said mentioned establslhments^ in Schedule*! from the date mentioned against each from which date relaxation order under Par* 28(7) of the said Scheme has been granted by the Regional Provident Fund Commi""lonS)rT V W M - ^^ from the operation of said
schema fro a period of 3 (three ) years.
572 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PAKT ID—SBC. 4SCHEDULE-1.
Nc. Name & address the the e a t t.
Coda No.
s.
C.P.F.C'B
FA1" N o.
E£f"ctivo
date of
•x"mption
HR/1866
5/25/C.V/2OOO
1.
M / B. Reed Medway packaging
Cotopany Of India P v t. L t d .,
P l ot No.5Ev S e c. , 4, BaiUbgarh
D i e t. Fatidabad-121004,Haryana.
1.2.90 to
31.1.93 &
1.2.93 to
31.1.96 &
1.2.96 to
31.1.99 &
1.2.99 to
23.6.2000
2.
HR/3481
5/26/C.V/2OOO
M/s. Samanta P v t. L t d ., 1 1 / 7,
Mathura Road, Parldabad.
1.12,94 to
30.11.97 &
1.12.9,7 to
23.6.2000
3.
HR/9172
5/27/C.V/2OOO
M/s. Rebel, 4 4 6, P h . I l l, Udyog
Vihar, Gurgaon.
1,10.97 to
23.6.2000
4.
W/9264
5/22/C.V/2OOO
1.3.98 to
23.6.2000
M/s. Daclinvflndla Pvt. Ltd.,
166, Udyog Vihar, Phaoe-1^
Gurgaon,
5.
5/23/C.V/2OOO
HR/9907
M/s, N.X.P Pvt. Ltd,, Plot No 1^
Sec-3,I.M.T. Mancsar, Gurgaon,
1.11.98 to
J 3-6 .^2000
6.
HR/9443
5/21/c.v/2000
1.12.97 to
23.5.2000
M/B. Wheeiar Leather Corporation
Ltd., V i l l ., pathreri, H.No. 8,
Gurgaon.
7.
kR/9322
5/28/C.V/2OOO
1.7.99 to
23.6.2000
M/B. Cord India Behrampur
Road, V i l l ., Khandsa,
Ourgaon,
PART m—SEC. 4J THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 573S C H E D U L.E - II
1. The employer in relation to each of the said establishment
(Hereinafter referred to as the Employer) shall submit such
returns to the Regional Prvidont Fund Comlssioner concerned and
maintain such account and provide such faciJities for inspection,
a" tho Central Provident r\ind Commissioner may direct from time
to time.
2, The employer shall pay such inspection charges as the
Central Govt*, may from time of time, direct under clause (a)
Sub-Section (2A> of Seqtlon 17 of the said Act, within 15 days
from the close of every month.
All expenses involved In the administration of the Group
SnsuxAQce Scheme, including maintenance ot Account, submission of
returns, payment o£ insurance premia, transfer accounts, payment
of inspection charges e t c. shall bo borne bynthe employer.
4, The employer shall display on the Notice Board of the
establishment, copy of the rules of the Group Insurance Scheme as
approved by the Central QovernmentflCentral Provident Fund
Commissioner as and when amended alongwlth translation of sailent
feature thereof in the language of the majority of the employees.
5, Whereas an employee, who is already a membtr of the
Employees Provident fund or the Provident Fund of: an establishment
exempted under the said Act, is employed in his establishment the
employer shall immediately admit him as a member of the Group
Insurance Scheme and pay necessary premium in rtspect of him
to Life Insurance Corporation of India.
6, The employer s>iali arrange to enhance, the benefits
available to the employees sunder the Group thaurjwice Scheme
opproprately if the benefits available to the -employees under
said Scheme are enhanced so that the benefits available under
Group Insurance Scheme are more favourable to tho employees
thin tho benefits admissible under the said Scheme,
26-^19GI/2000574 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART HI—Sue. 4
7. Not .'withstandir^r anything contained iri the Group Insurance
Scheme, i£ on the death o£ an employees the. Amounts my able under
the Scheme be l e ss than the- amount th*t would bb payable, had the
employees teen covered under kho said Scheme, tho employer shall
pay the difference to the nomine© (") legal heir(s) of the
employees as compensation.
8. No amendment of the provisions of the Group Insurance
Scheme shall be made without tho prior approval of t*ie Regional
Provident PuridCommissioner concerned ana where "ny amendment is
l i k e ly to effect advorfecly the interest of the employees his
approval t give a reasonable; opportunity to the employees to
explain point o"f viewf
9. Therefor^ any reason the employee of the said PBt^blishroom
do not remain covered under the Group inamirance Scheme of the
Life Insurance Corporation of India as a ready adopted by the
said establishment, for thw benefits to th* employees under this
scheme ar" reduced in any mann"r/ the exemption shall be liable
to be cancelled.
10. Where for any reason, the craplo/cr f a i ls to pay the
premium e t c ., within the due dat*, as fixed by the Life Insurance
Corporation of India, and the policy is allowed to lapse, the
exemption shall bo l i a b le to bo cancelled.
Hi In case of default, if any m4de by the employer ito
payment of premie the responsibility for payment of assurance
benefits to tHe nominee (s) Legal heir im) of dfcoes&ed member
who would have bceji covered under the said Scheme but for grant
of this exemption shan be that of the employer4
PART m—SEC. 4] THE OAZETtE OF INDIA, JANUARY 13. 2001 (PAUSA 23, 1922) 57512. up"n t he defcfch of t he member covevred vmder t he Group
XmsudOpoe Scheme, t h is L i fe msupOnce C o r p o r a t i on of I n d ia s h a ll e n s u re pxoppt payment of. t he aum a s s u r e* to t he nominee (a) Legal H e ir (a) of t he denaaoet- member e n t i t l ed for it and in any case w i t h in one month from t he r e c e i pt of claim aomplete in a ll r e s p e c t.
( S^RMSHVRAM )
REGIONAL PROVIDENT FUND COMMISSIONER No. 2/i959/r>U:/Exemp/tJ9/Pt . 1/ 2700
""0 Whereas t he employers of t he e s t a b l i s h m e n ts Mentioned in £oh"aul^C X""^"lnaitejr referred to as the said establishment) have applied for "x"mrtion untor J?u>-£"1 provident Fund & MiscelliVtooufl Pro-vision* Act, 1952 ("19-oir TO52^har"ijvAitar i^>i"riv"cL to as the a a ii Act,
And wh£sx***tho Centi**! Pt*ovi^ont Fund SoSimifieioner, is satisfied •tha* the employees o^bhe s*J.d eatab0j,ahni">rt* txr+y ~wl±hoixt. n*kij*e "iy seperate contribution or payment of preHiup in enjoyment of .•benefit*" under the Group Insurance Scheme ofthe UL£" ln^uraivo"^-<;crpora-ti-cin oJJ "XnAi*. ijn ~th" n"ttu>© nt JJUta.. I^"ur"uao" vrtiioh are more favourable to such employees than 'the h©""Jlit^s^a
How thereior©! JLrL^ex"t*-£&ction 5 7
f .
SCHEBULE-n
| Name and Address of the S.No Establishment | Code No. | No. and Date of Govt. Notification vide which Exemption was granted/Extended | Date of Expiry | Period for Exemption | C.P.F.C.'s File No. | ||
| M/s. Vaidyamadham 1 Vaidyasala and Nursing Home, P.O. Mexhathur Trithala, Palakkad DistL, Kerala-679 534. | KR/KK 11369 | 2/1959/DLI/Exm./ pt-n/ dated 22.9.97 | 30.9.98 | 1.10.98 to 30.9.2001 | 1 W42J97fDLl | ||
| 2 M/s. Kerala State Co. Op. Agricultural Rural Dev. Bank Ltd., P. B. No. 56, Thiruvananthapuram — 695 001. | KR/1914 | Dated 12.11.97 | 30.6.97 | 1.7.97 to 30.6.2000 | 246&9Q | ||
| M/s. Kerala State Film 3 Development Ltd, Chithranjali Studio Complex, Thiruvailem PO, Thiruvananthapuram- 695027. | KR/4617 | Dated 15.11.97 | 30.8.95 | 31.8.95 to 30.8.98 31.8.98 to 30.8.2001 | 8/27/97 |
[
P A R T
I
H —
S E C
.
4
| 4 | M/s. Hindustan Latex Ltd., Latex Bhavan, Poojapura, Trivandnim - 695 012. | KR/3947 | 12.12.97 | 28.2.93 | 1.3.93 to 3509/91 29.2.96 1.3.96 to 28.2.99 1.3.99 to 28.3.2002*^ | |
| 5 | M/s. Bharat Hotel, Post Box No. 2357, D. H. Road, Ernakulam, Cochin-682 016. | KR/2641 | 4.9.91 | 31.8.92 | 1.9.92 to 2/37,79/91 31.8.95 1.9.95 to 3L8.98_- |
O F
I
N D
I
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
) ,
3 7 7578 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART HI—Sac. 4 SCHEDULE-.il
3 Tho employer In relation to each of the said establishment
(hereinafter-reerred to as tha employer) shall staumit such
returns to the Regional Provident Fund Cohmlstiontr concerned and
maintain such accoixnt and provide *uch f a c i l i t i es for inspection,
3 s the central Provident Fund Commissioner may direct from time
to timeJ
2. The employer shall pay suoh. inspection charge* ae the Central
Govt, may, from time to time, direct under olause (a) sub-Sectien
(2A) of Section 17 ofj th© said Act, within 15 day. from the close
oE.every month.
J. All expenses involved in the administration ofi the taroup
Insurance 3cheme, including maintenance of accounts, submission
oe returns, payment of insurance premia, transfer accounts, payment
of inspection'charoos etc. shall b* borno* by the amployer.
4, The employer shall display on the Notice Board of the e . t a-
'oiishnwnt, copy of the rules of the Group Insurance Schecf* "a
approved by the Central Government/Central Provident Fund Conmlsalone
as and whan amended, aiengwlth translation o£ the ^^llent Mature
thereof in the language c£ the majority of the employ"es.
5. Wh"ce?io an ompleyoe, whn is *"eady a.member of the Employees
provident Fund or the prevident Fund of an establishment exempt"4
under the s.^irt Act, is employed in his establishment the employer
Shall immediately admit him as a member of the Group Insurance
Scheme and pay necessary premium in respect of him to Life
insurance Corpor/*tien of India.
£>. The employer ehall arrange to enhance the benefits available
to the employees under the Group insurance Scheme approprately if
the nenefite available to the employees under the said Scheme are
enhanced so that the benefits available under the Group Insurance
Scheme arc more favourable to the employees than the beaeflts
admissible under the si"A
PA Rr in—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAU'SA 23, 1922) 579
7, Notwithstanding anything contained in the Group Insura^c-
Scheme, if on the death of an employees the amounts payable uncte*
th" Scheme be l"ss than the amount that ,^ould bo payable h**
the employees been covered under the sMd ScJtoMn*, the "mploy"x
shall pay the difference £o the nominee (s) legal n"ir (•) o£ tY*
employee as. compensati^ci.
8, No amendment of the provisions of the Group Insurance Scherw
ahad.1 be made without the prior approval of th" Regional Provide
Fund Commissionor aonc"rne<3 and wherea"y amendment i" likely to
effect adversely the Interest of the employees hlR appjr^vej,,
give a reasobai© opportunity to the ompleyoee to explain point
of view.
9, There £orp any reason, the employee of the *"dd e*t&—
-bliahrnont do net temain covered under the Croup Insurance ech*^
of the Life fn"ur*noe Corporation of India as ••ready adepted by
the said establishment, for the benefit* to the employees under
thie scheme are reduced in any manner, th© exemption shall be
l i a b le to be cancelled,
10, Where for any reason/ the employer fai4.s to pay the premitw
etc*, within tfie due data,** fixed by the Life Inauranao Corpn.
of India, and the pollay 16 aiiowci to laps*!, the exemption
shan be liable to" be c^Vicelletl.
11, In case of default, if any made by th* employer, in payment,
of prmium the responsibility for payment of assurance A n e f i ts
to the nominee (a) Legal heir (a) of deceased member Mho would
have been covered under the s^ld Scheme "Taut fat granfe of t h is
exemptlftn shall be that of th" employer.
580 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART m - S g cM12. Upon the death of the member covered under the Group Insurance Scheme, this Life Insurance Corporation of India shall ensure prompt payment of the sum assured to' the nominee (s) Legal heir (s) of the deceased Member entitled for it and in any case within one month from the receipt of, claim complete in all respect,
( S. RAGHURAM ) REGIONAL PRCVIDENT FUND QCMMISSIO^EF J-!o • 2/1 959/0Ll/lLvE:$/r,9/Pt. 1/2712
S.O V.hei-RAs the employers of the establishment mentioned ,in Schpdule-I (Hereinafter referred to as the said establishment) have applied for exemption under Sub- Section 2(A) of Section 17 of the Employees' Provident fund • & Miscellaneous Provisions Act,1952 (19 of 1952 ) hereinafter referred to as the said Act.
And whereas the Central Provident Fund Cnmmisslohfrx, is.satisfied that the employees of the 3aid establishments are, without maKing any seperate contribution or payment of premium in enjoyment of benefits undar the' Group Insurance Scheme of the Life Insurance Corporation of India in the1 nature of Life Insurance which are ,more favourable to such employees than the benefits admissible linder tfte* Employees' Deposit jinked InsuTance 9theme,1976 (here- inafter referred to as the said Scheme).
MOY' therefore, in exercise of th" pcMer conferred
by Sub-Soction 2(A) of Section 17 of the said Act In continuation of tiovi. of India, the Ministry of La>*ux/ C.P.F.C Notification N^.and date shown against the name rf r^ach oC the said astablishmen ;.s from the conditions spscifiec; in Schedula-ir ann.::eu hero to the Central Provident Fund Commissioner l-nroby exejmpt each of 'the said establishment from the op3ratiori Of all ttte provisions "f the said EC^ecie a further-parted of 3 years as indicated in. attached Schedule-I against their names.
Schedule-I I -4 I )
o
Code No.
P A R T
m —
No. Name & Address of the e e t t.
s.
o
1.
S E C ^£ Period f for
C.P.P.C's Pile No.
4
]
Exenp.
No and d"te of Govt. "*t" < N o t i f i c a t i on vide axpirj which exemp w*8 * gr anted/e y *-.r> nted.
3t.lO|99^
S/&2/97
2?|959/DM/Kxe", / ? " /.
P tP d t. 24.1,99
** 'JfX '
| l . l ' . 9 9 to ^ 23,6a?<:)C0
M/s. Kaveri Chemicals Pvt. L t d . ,£ f
ThlrumooiapurasR, Tiruvaua Ker&la- ><
6P9115
- ft
28.2. ftS
|"/KK/11299 2,
dfc. 27,2,SB M/s. Malabar cements Ltd., waiayar (P,O.) yaiakkad, D i s t ,, Kerala- 678624.
3. K,s" Cr/ptom Confectioners
K&/'22380
d t. S.8,99 India pvt. L t d ., P.B, No*lQ, Kanjiramapara Road, Thodupurha„
tfpK'' Kerala India.
l43.S"to 8/54/97
T H E G A Z E T T E
O F
I
N D
I
A
c/:.i/96
31.12.99
,
J 1, 1.2O00*.O 2 3 , S , 2 O OO
A N U A R Y 2e.2.'"--
KR/KK/H734
dt.22,12.9-"
"do" b.
/37/°7
H
.
•. J * f * ' .. "• V
2 0 0
i
( - 1 ' *
31.12..C&
- ;:,?./92
KR/"ssa
dt.2fc.lC,97 M/s. Century House Hold Industries Vettekkodu (f.tj) i-ullaricnery Manjeri^ H^lappur.Sji Dist-5761 2 2 t M/s, The vi> nail ^District u o . c ;, Bank Ltd., KaiPet":a North, WynM.
•3.
KR/KJK/2963
-do-
dt.28.1,95 M/s, Sri bhagavathl Textiles Ltd, Rc-ydi Of. Ice,Mill Premises, Chttut/rannamAdai aoad, Chittur, psiakad,Feraia-67fcl01.
i
-de- * m
dt.21,5.99 M/P. Hotel E l i te Corttnentai; K"/il:t9C Main Central Road,Thirumlia,Kerala,
e.
-do- . . d t, 12,4,99 M/s, ^njoyes Spices and Chemic£c%i KR/1C9O3 Oi!s Ltd., Abantowers pathanamthitta,
J ], i" ,
P A U S A 23.-'.. :..>".'
2 3
, 2e.i,9'> i,-'" •'•*.<:. ? / 6 0 8 f t / °i 23,u,?CC^
1 9 2 2
)
/ S 9 / 57
/lA/°7
i"12,9Pto ° 23,6,2000
5 8 1 '<:_ —_-^^^ffli^rat^u^JsaffisMsgaiaL. FP^I"-^4 ^.SCHEDULE-I I
Th9 employer Iri r e l a t i on to each o£ the said e s t a b l i s h ** h e - : f n a £ t " r * r e e r r ed to as the employer) s h a ll sbumit such ' •h'r'r' ^ fchc R°9l"nf tl Provident Fund Canmission*r concerned and ^ntain such account ard provide #uch f a c i l i t i es for inspection, <• ri'ti C e n t ra Provident fund Commissioner may' d i r e ct from time •^ time.
The empijyer s h a ll pay such* i n s p e c t i on charge* as the On*.r >:
' t. "r^y, from t i ne t , -ime, d i r e ct under cl^i<-e (n) . u b ^ e c t i ^n .'\) of SOctioh 17 of, the said Act, within 10 , a ^s flom the close r-v^ry month. "
All expenses invol-ved in the administration o£ the Group ' i ,f "° irheme, inoludino maintenance o£ accounts, submission •', 1 ' t nr
/ payment o£ insurance premia^ t r a n s f er accounts^ payment c r^poctinn ch^roefj e t c, s h ^ ll be borno by the anyployer, i iia empinyer shop/ ni t>ie r u l ss of tht. Group Insurance Scheme A3 ,-i-vtM <-/ the c^ntraj Government / c e n t r al Provident Fund Corwnissiont •-ui / it -.mendei ai"ngwith t r a n s l a t i on of ths" a ^ i l " nt feature Dreot i ri + he language of the ir^jority of t he empA"yees^ VHuicr-^n an firnpl""y< .
.,nr.r tb'3 s^'irt Act, is erppl-^yed in h is establclbment the employer • n-ill immediately a ^ it hd.m *s a member cf the Group" Insurance ^htmp And p^y necessary prf mium in respect of. him to Life , unr^noe Corporation of Jndia,
inhc employex oh^ll arrange to enhance the b e n e f i ts available '," t he employees under the Group Insurance Scheme ftpproprately if t he nenefita a v a i l a b ly to the employees under the s^id Schoffie are rchanced so t h at Lhe b e n e f i ts a v a i l a b le under the Group Insurance .;reme rire more favourable to t hs • .nployeea than the be"efit" i \vt 5"iblt> ondcr the* said Scheme, PART TTT-SEC. 4] BIB QftJTOJaEMPfr.iftM^ &2M jfflfflfiftg.Jaa) s"< 7, Notwithstanding anything contained in the Group Insurer' < Scheme, if on the death of' an employee a' the "amountspay a~bie u •-,•-'- the Scheme be less than the amount fchat f^ould be payable H*cS the employees been covered under the said ScftiWim, the"ep.r 1 - - .• Shall pay the difference to the nominee (s) legal h"-ir iji <\- "mployee as compensation.
8, No amerrlment o£ the provisions of the v t cv :r.£.r*n" t -' •. . .
s h a ll be made without the p r i or approval or thev Kwyion*! ".•£•:••''> , Pupci Commisaionar concerned and whereany amendment is 1 * kc.Ly *-* e f f e ct adversely the i n t e r e st ®£ the employees hi" app^rva-i, give a reaaobair oppoftmnlty *" the employees to explain point of view,
9, "her" forfj any reason, the employee of the paid e s t a- -bliohment do not remain covered under the Group Insuranae scht^^ Of the Life Insurance Corporation of Irvl;I a as #iready adapted b; the said establishment, fur the benefits ^ the employees under t h is scheme are reduced in any manner, the exemption s h a ll be l i a b le to be cancelled.
t,ha v(ki.il AOt*
lo. Where zcx. any reason/ the employer f a i ls to pay the premium etc^., within t^e due date^^r, fixed by the Lifo JlndVStjande ,CoEprii*d of I n d i a, and the policy is allowed to l a p s e, the^t^'mpt£&&*•' ^V - h an be l i a b le tt> be ca'ncelle'd. " " "' ^*n*ti.%M 11, ::n c"se of d e f a u l t, if any made by the employe . ^in paymem..
pf prmiurn the r e s p o n s i b i l i ty for i?ayjribnt. of fcssura-nce benefits to th%. norlnee (s) Legal Jieir (s) of deceased member who woui'Jl have oeer covered under the s"?id Scheme "but fdr gi anfc of t h is "3lH"ftt4^ja>*ll^ Hfe^Wfc- " ^ h jw WBJ-OJPJF*
584 _ _ __ _ ?™ J^2E"FFE_"|F-flfe>IA. J A N U A RY 13- 2 O yi IPAUSA 21. H*i) [H^T Itl-Stc. 4
1 2, Upon t he d e ^ th of i^he nvinber ocvapfc?l -utxler t ho Group
X^ouua^ce Scheme, t h is L-.te i n s u r a n ce c o r p o r a t i on oi I n d ia s h a ll e n s u re pjpMflyt -y^yment oi -.hu -j-irrt oscurec1 to t he n-rulnea (a) L e g al H e l r ( a) of t he dcfup&m&.M.rruaer e n t i t l ed ' " *t and i.n an* c a se w i t h in one montf, frrorft t>* r e c e i pt of c l a im c o m p l e te ia a il r e s p e c t.
C S, RAGHURAM }
RlkJIONMj PROVIDENT FUND COMMISSJCtjfciR
No. ^/l'y^/DVL/h.vmt' •/e 9 / P t , l /-2 7 26
S o O . . . . . . . . . . .. tfherc ic t he employer of t he e s t a b l i s h m e nt rrenttonctJ in a o h e d u l ad -1 ( h e r e ; . n a t t er - • f w r r ed to a" th" "*id "et*bliehmfent )RwjJM__S&a 4| WE GAZETTE OF JNBIA, JA*"*WnU>3?4001 (PAUSA 21, IW2) ?KS
SCHEPULE-I
Code No,
d. Name & A d d r e ss
of; t he E s t t,
i
AS/"4#-
M/fc C"©nka. EOuy. *-rk^ ahillono-7S3"*I
• 1 C.P.F.Cfl. c
-.12 " a". i i. '•"'
Megb" ; ij -
2. M/s. Bij"u C^ricnia Police Bazar, Shi:i4ng-793*fl, Me^fhala^a
3 t . l l . 9 '.
AS
3d4 11.9.i 1,12.92 3#. 11.95 1.12.95 3",11.QS? 1.12.98 23.6.2"OO
AS/152 2
3. M/a Eastern Agro processing & Tea ware Housing Co-#p Society Jjtd. >awahar Nagar, B e l t o l a/ Gowahati- 781028 Assam,
2/17/2000/cv/ AS
17.2.99 23.6,2"OO
2/13/ 2000,/cv/
AS/1828
M/s Shree Autemobilos Pvt. Ltd.J^paitan Bazar, G.S. Road; Guwahati- 781C08.
^ / 1 9 75 5. ,1
"te i/iu,^Mj|p'r Electronics SSvKlipSaKt Corporation Ltd 1 3-14v Takyel, I n d u s t r i al E st rraphal-7"aO61 Mtiui'pnr,
t.AS/269?
". " ^ / s, Bh^ralj, Comn^L-clal^, y v Htem Barva R**d/ fian Raz-r, 30*"ahat i-7%-1001 f
31,1.92 3c.i.ry., 31.1.9--> 3*. 1.98 3 1.1. 98 2 3.6 ..2000
Z/lOf\ \'r ^//roftn 23..:, - u. ?:. - M,ioo
2/2"/a"v/As/2OOG 1,3."4 zo ^w.2.97 fc 1.3.97 to 29.2,2000 ^ TfflFlfiWRffifffltWtA, JANUARY U, 20Q1
N a me & • '. J ^ j.
JKS
Code No,
f i le No.
Effective date ot" Exemption
Of the E s t a b l i- shment
AS/1001
272177000/AS/
1.12.93 30. U . 96 1.12.96 -30.11.95
M/B Bongaigaon R'tlier flour M i l l, l>,v. Songaigaon-763j80, Chapaguri Road (Aea^m),PART I I I - S E C. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,19?2> 587
S C H E D UJfc E _-_I I_
1. The- employer in relation to each o£ the said estaj3ti*hfn"iit ( H e r e i n a f t er r e f e r r ed tc as t he employer) s h a ll submit such r e t u r ns to thfc Regional Prvidc*.t *'uri ComJs^toae* v/jucerned and raainta^ ~ ' "\ :,-i*>* " ' - : ,- i *•- e:-,: ;,h f a c i l i t i e s? t or i n s p e c t i o n, as t he *" -:,(.-_ ' \-w".M'?i '-.4: .-r'A: Joramissioner majf d i r e ct from time to t i r a e,
2. The employer s h a ll pay such i n s p e c t i on charges as the c e n t r al Govt., may frcrm time of time, d i r e ct under elausc (a) Sub-Section <2A) of S e c t i on 17 of the s a id Act, within IS dayns from the close ©f every month.
3# All expenses involved in the administration of the Group Insurance Scheme, i n c l u d i ng maintenance of account, submission o£ r e t u r n s, payment of insurance premi*, t r a n s f er Accounts, payment of i n s p e c t i on charges e t c. S h an be borne bynthe en^loyer.
4. The employer s h a ll display on thfe Notice Board of the establishnvsnt, copy of the rules of the Group Insurance Scheme as approved by the Central GowrnmentiSCentrai Provident Fund Goramissioner as and when amended alongwith t r a n s i a t i en p£ s a i l e nt f e a t u re thereof in t he language of t he majority of the employees.
5. Whereas an employee, who is already a member of the Employees Provident Fund or the Provident Fund of an establishment ctKempted under the said Act, is employed ip h is establishment the employer s h a ll immediately admit him as a member of the Group I n s u r a n ce Scheme and pay necessary premium in respect of him to L i fe Insurance Corporation of I n d i a.
6. The employer s>ian arrange to enhance, the benefits a v a i l a b le to the employees aundtir the Group Insurance Scheme opproprately if the b e n e f i ts a v a i l a b le to the employees ujjdar s a id Scheme are enhanced so t h at the benefits available under Group Insurance Scheme are more favourable to the employees than t he benefits admissible under t he said Scheme.
538 THE (iAZETTh 01 INHf \, l\Mv\KY 13, 20017. Not 'withst3-icling anything contorted Iri the Group Insurance Schemet if on the- death of an employees th*:; .amounts ^.yahle under *-h*s jchemt H* I e sc tih^n the- amou.it th^t would bb payable, had theP A RT I I I —S E C. 4] T HE G A Z E T TE OF I N D I A, J A N U A RY 1 3, 2 0 01 ( P A U SA 2 3, 1 9 2 2) J 89 • 'Ij, .Upon the death o£ the member covered under the Group Insurance Scheme, t h is Life Insurance Corporation of India s h a ll leisure preiv>t payment of l-be sum assured -to t-.he nominee (s) Legal M
C S. RAGHURAM )
REGIONAL PROVIDENT FUND COMMISSIONER No. 2/ l"59/DLl/ExMip/89/Pt,, 1/2740
SOO,. Whereas the employer uf th" establishment mentioned ID Scheduled -T (hereinafter referred to as the said establishment ) have, applied for exemption under Sub-Section 2(A) of Saction 17 of the Employees' Provident Fund and Miscellaneous Provisions ^ct, 1952 (19 of 195"O hereinafter referred to as the said Acto The Central Provident Fund Commissioner is satisfied that the employees of the said establishments are without making any se per ate contribution or payment of premium, in enjoyment of bane f i ts under the Group Insurance scheme of the Life Insurance Corporation of India in the nature of Life Insurance which are more favour bale to such employees than the benefits adroisalble under the employees' Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as the said Scheme ).
Now, therefore, in exercised of the powers conferred by
Sub-Section 2(\) o£ the Section 17 of the said Act and subject
to the conditions specified in Schedule-II annexed hereto,
the Central Provident Fund Commissioner hereby exempt, each ot the
said mentioned establsihments* in Schedule-I from the date mentioned
against each from which date relaxation order under Par* i&(7)
of the said Scheme has been granted by the Regional Provident
Fund Commissioner. V"ore^
Scheme fro a period of 3 (three ) yearso
28-^41901/2000r ) THE GAZETTE OF INDIA, JANUARY H, 2001 (PAUSA 23, 1922) [PARF III—SFC 4
SCHEDULE-1
.No. Name of t he e e t t.
Code No,
s
C . P . P . C 's F i le No.
K f C e c t i ve d a te of Exemption
1
KR/12190
8/151/DLl/OO
1 . 4 , 99 to 2 3 . 6 . 2 0 00
. M/". E l e c t r o n i cs r e s e a r ch and development C e n t r e, Vellayambalam, Triv"ndrum- 695033.
2
K R / 1 0 3 15
e/154/OLl/OO
1 . 1 . 98 to 23.6,2Q0C
Vifn. The Kerala M i n e r a ls *nd M e t a l la L t d ., P.B.Wo. 4, Ch"ivara-6915fl3,Koll"m, K e r a l a.
KR/2S75
3 . W/o. Kerala S t a te C o , o p.
8/156/DU/200C
Bank L t d ., Cobank Towers,
pal."y*m,Trivandrum_695O3 3.
1 . 4 , 91 to
31.3.946.
1.4.94 to
31.3.97 &
1.4,97 to
31.3,2000
PART III—SET. 4] • THE GAZETTE OF INDIA, JANUARY 13. 2001 uW > -• S C H E D U LE _ - _I I_
1. The employer in relation to each of the said tet^bli shment {hereinafter referred to as the employer) shall submit such returns to thfe Regional Prvident Fund Comissioner concernad and maintain a\tch account and provide such f a c i l i t i es for inspection, as tho Central Provident rund Commissioner may direct from time to time.
2. The employer s h a ll pay soch inspection charges as the Central Govt,, may from time1 of time, direct undtr clause (a) Sub-Section (2A) o£ Section 17 of tho said Act, wlfchin 15 <3U.ys from the close of every month,
3
* All expenses involved in the adninistr&cion of the- Group Insurance Scheme, including maintenance •:;: account eufcmi3sior o£ r e t u r n s, payment of insurance premi.a, \^^:^ f*?i- ; /counts, payrp .,~ of inspection charges e t c . i s h ^ ll bs born." o/nthe Qtiiployer.
4, ' The employtr shall display OEHfrbw^"tJco Board o£ the establishment,, copy of the rules o£ thv, '*n-o\ip Insurance Scheme as Commiesionor as and when amended Hlonejvith translation of salient feature iheroof in the language of the majority of the employees. 5, Whereas £n employee, who is already a membtr of the imyloywes Providet.t furd ^r tho Providtnt Fund of an establishment oasmpteri ur*a"r the said Act, is employed ip his establ^ahroent the employer Ah^ll immediately admit Mm ^ a member of the Group Insurance Scheme and pay nectsii-uy premium in respect of him to Life Insurance Corporation of India.
6., The employer shall arrange to enhance- the benefits
available to the employees aunder the Group, rnauxjtace Scheme opproprately if the benefits available to the/employcaa uijdar t •
a add Scheme are enhanced so that the benefits, available under
Gvoup Insurance Sohome are more favourS-oXe to tho employees th"n tho benefits admissible under the .^-ia Suneme.
592 THE GA.ZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) _ _ J ^ L _E ~ ^ Li7. Not .withstanding anything cont-^iruid in the Group Insurance Scheme, if on the dc:^tb of an trop^cyees '-.he amounts &yable under the Scheme be l e ss th&n tnc amount th^t would be p^yable/had tho employees been covered und r the. s-Hd Schemet the employer shall p^y the d i f f e r e n t i a te the iimun^u {&) legal heir(e) of the vemployeee as compensation.
8. No amendment, of the provisions of the Group Insurance Scheme shall be rrvdde without the p r i or approval of t^e Regional Provident Fund Commissioner concerned and Where any amendment is l i k e ly to effect cidverscly tht i n t e r e st of the employees hie approvalt give a reasonable opportunity to the employees to explain point 3f view,
9. Therefor^ any reason the employee of the said establifihtwsnt do not rem*in covered under the Group Insaurance Scheme ui. i_he Life ineurancB Corporation c: '.,.dia ••& & ready adopted by tho said establishir"nt, for tht: benefits to the employees vncUrtr thlo scheme ar" reduced in any marmtr, the exemption ahail be l i a b le to ba cancelled.
10. Whore for any reason, tht employer f a i ls to pay the premium e t c ., within the due d a t e, as fixed by the Life Insurance -Corporation of IraJia, and the policy io allowed to lapse, the exemption "h≪ be l i a b le to be cancelled*
11. In case of default, if any mads:, by the tiTiplOyf,,: in payment of premium the rcsponsi1 A •'< ty £or payncjit at assurance benefita to the r>- (s) LFO ^. ^ ir Cs) of dtcfesaed member "\ would hpyr- . i_PART III—SEC. 4I THE GAZETTE OF INDIA, JANUARY 13 ?
12, Upon t he d e a th of t he member ^sovs^iVwnder t he Group
XansuuapoB Soh"n©, t h is LX£& rnsitf&fvSe c o r p o r a t i on of I n d ia © h a ll e n s u re pt"np(pt payment rif, -the sum assure*? to t he nominee (a) Xiegal H e i r ( a) of t he &&W3&3>•{!&&&? e n t i t l ed f or i t. and In any c a se w i t h in one month from £he r e c e i pt of c l a im complete in an r e s p e c t.
( S. RAQHURAM )
REGIONAL PROVIDENT FUND COMMISSXOIttR
No. 2/lU59/DL2/ExBnip/89/Ptol/2751
S . o , . ,, t whereas t he enqployer of t he e s t a b l i s h m e nt mentioned In Scheduled -X (hereinafter referred to as the said establishment ) have applied for exemption under Sub-Section 2(A) of Section 17 of th" Employees' Provident Fund and Miscellaneous Provisions Act, 1952 <19 of 1952) hereinafter referred to as the said Act.
The Central Provident Fund Commissioner is s a t i s f i ed that the
employees of che said ewtakliahjwnt* &r® without -waking any "®p"rat*
contr/itoution or pttyr^w^c >c £ r"^,Litra, in "njoyre"nt o£ baneflts under
th" Group Insurance Scheme of the Life Insurance Corporation of
India in the nature of Life Insurance which are more favour bale
to auah employees than the benefit* admissible under the employees'
Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as
the said Scheme ).
Now, therefore, in exercised of the powers conferred by
Sub-Section 2(A) of the Section 17 of the said Act and subject
to the conditions n ^ c l f i ed in Schedule-II annexed hereto,
the Central Provident Fund Conmiasioner hereby exempt, each of the
said mentioned establishments in Schedule-X from the data mentioned
against each from which date relaxation order under Par* 26(7)
of the said Scheme has been granted by the Regional Provident
Fund CoMnisgloner. (JU*4AASX£~ frost the operation of said
Scheme fro a period of 3 (three ) years.
594 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SIJC. 4SCHEDULE.1.
S.I ffo.Name & Address of th*" e s t t.
Code No.
c.p.F.c'a
File No.
Effective
date of
Exemption
GJ/262-A
4/198/C.V/2OOO
1.
1.6.95 to
31.5.98 &
1.6.98 to
23.6.2000
M/S. Mihir Textiles Ltd.,
4th Floor, Bank of Barod*
Building, oandhl Ro"d,
Miro*dab*d-380001.
2.
OJ/6927
4/198A/C.V/2000
1.3.95 to
28.2.98 &
1.3.98 to
23.6.2000
M/s, Stovec Industries Ltd,
(Sirvmn Division) NAndli*
Industrial Development Corp.
Nr, L*mbh* V i l l. Poot.N*rol#
Ahroed"bad-382405.
3.
OJ/9720
4/199/C.V/2OOO
M/s. AtUl Ltd., 291, O.I.D.C.
Industrial Batata, Ankleshw*r-
3 93002.
1.3.94 to
28,2.97 &
1.3.97 to
29.2.2000
OJ/11060
4.
4/'".l^l/!C,v/2OOO
M/s. Investment and presclslon
CA"things Ltd., N"ri Road,
Bhavna^ar (oujarat)
1,7.93 to
30,6.96 &
1.7.96 to
30.6.99 &
1.7.99 to
23.6.2000
OJ/16388-8
4/2O1/C.V/2OOO
5.
1.9.97 to
23.6.2000
M/s. Royal Knitting Pvt. Ltd.,
V i l l ., Baska, Plot No. 318,
panchmanai. Tan H"lH7 Oujarat.
OJ/16388-D
6.
4/2O2/C.V/2OOO
1.9.97 to
23,6.2000
M/s. Vijay Knitting Pvt. Ltd.,
Plot NO. 318, At B*nX",Tai
Hai"i# D l s t ., panchmahai
(Oujarat)
1
OJ/ 16388J
7.
4/203/C.V/20O0
1.9.97 to
23.6.2000
M/s. Royal Wellknit Pvt. Ltd.,
3l9,Ba"ka,Baroda Road, V i l l .,
Tai.Malai Baslca, panchmahal
<,Oujarat)
OJ/23274
8.
4/2O6/cfv/2OO0
1.12.99 to
23.6.2000
M/S. Ashlrwad Enterprises,
V i l l ., Ochnad Padra,jamtaus"e,
Highway D l s t ., Bharuch, Oujarat
4/208/C.V/2000
9.
1.9.97 to
23.6.2000
1 OJ/24365
4,
M/S. Vldeocon International Ltd
(Picture Tuba Unlt)B-23 and 1-2
Electronics Estate, oandhinagai
382044, Oujarat.
PART III—SEC 4] THE GAZETTE OF INDI\, JANUARY 13, 2001 (PAUSA ?\ 1922^ 5051 0.
Oj/24571
4/2O9/C.V/2OO0
M/S. 0*ndhln"o"r Hotel Ltd,
Hotel Haveli" Sector-11,
Ch. Road, Oandhinagar-382001
Gujarat.
1.5.95 co
30.4.98 &
1.5.98 to
23.6.2000
11.
OJ/15860 ,
4/21O/C.V/2OO0
M/S. Haguru.Engineering Pvt.
Ltd.,A-ll,Nr. Bharatlnagar,
Highway, Amraikadi, A;"*iQ*abad.
380026.
1.2.94 to
31.1.97 &
1.2,97 to
31.1.200O&
1,2.2000 to
23.6.2000
1 2.
OJ/30797
4/211/C.V/2000
1.12.99 to
23,6.2000
M/s. samyafc Udyofl Plastic*
Pvt. Ltd., ViH.^Uchhad padr"
Jambusar Highway Dt.,Bharuch,
Oujarat.
1 3.
OJ/20620
4/121/C.y/2000
M/s. M""ta Chemicals,163,
O.I.D. C. Handesari Indl.
E s t a t e, Nandesari.391340,
vadodara.
1,1,95 to
31. 12.97 &
1.1.98 to
23.6.2000
1 4.
OJ/17883-A
4/213/C.V/2OOO
1.3,99 to
23.6.2000
Maruti oases Pvt. Ltd.
1402-B, o.i.D.C. Hal"i,
D l s t ., Panchmahax, Gujarat.
1 5.
OJ/20381-B
\ 2 . 99 to 4/214/C.V/2OO0 23.6.2000
M/s. Abl*" Glass Works Pvt.,
Ltd., C.5212, sardar Indl.
• s t a t e, Ajeva Road, Baroda-
390019.
5<>6 T HE GAZETTE OF INDIA. JANUARY n, 2001 (PAUSA 2\ 1922) [PART III -Stc. 4Li C II E D V L E- ;: __n,
1. Th" employer in relation to each of the said establishment
(hereinafter referred to ap the employer) shall submit such
returns to the Region ' \ r^'ont Fund Comisoior^r concerned and
maintain such acoi'j • a ad provide such f a c i l i t i es for inspection,
as the Central Provident. r'mr" Commissioner may direct from time
to time.
2. The employer s h a ll pay such inspection charges as ths"
central OoVt,, may from timer of time, direct under clause ta)
3ub~Sdcnion (2A) of Section I"7 of the said ^at, wljthin IS days
from the close of every month.
• All expenses involved in the admlnistration of the- Group
Insurance Scheme, including maintenance of account, submission o£
returns, payment of insurance premia, transfer Accounts, payment
of inspect ion charges o t c. sh^u be borne bynthe employer.
4, The employer shall display on the Notice Board of the
establishment, copy.of the rules o£ the Group Insurance dohems as
approved by the Central Oove.rnment|Jcentrai Provident Fund
Commissioner as and when amended alongwith translation of sailent
feature thereof in the language of the majority of the emplpyees.
5, Whereas an employee^ who is already a. membti: of the
Employees Provident Fund- or the Provident Fund of an establishment
exempted undar the said Act, is employed in his establishment the
employer shall immediately admit him as a member of the Group
Insurance Scheme and pay necessary premium in respect of him
to Life Insurance Corporation of India.
6, The employer shall arrange to enhance^ the benefits
available to the employees aundtr the Group rnsur^noe Scheme
opproprately if the benefits available to the .-employe*;* UDd"r
"aj.d Scheme are enhanced so that the benefits available under
Group Insurance Scheme are more favourable to th© employees
th*n th© beheffito admissible under the said Sqheme.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 5977. Not .'withstanding anything contained irTthe Group Insurance Scheme., if on the death o£ an employees the? amounts payable under the Scheme be l e ss than the amount th*t would bte payable had the employees been covered under the sdtd Scheme, the employer shall •p&f the difference to the nominee (s) legal heir(e) of the employees as compensation.
8. No amendment of the provisions of the Group Insurance Scheme shall be made without tho prior approval of t^e Regional Provident Fund cpmmissloncr concerned and whore any amendment la l i k e ly to effect adversely the i n t e r e st of the employees his approval, give a reasonable; ppportunity to the employees to explain point of view.
9. Therefor^ any reason the employee of tho 8"id •stabllshmeni do not remain covered under the Group Insurance Scheme of the Life Insurance Corporation .of India as a ready adopted cy the said establishment, for the benefits to the employees under thle scheme ar* reduced in any manner, the exemption shall be liable to bo cancelled.
10. Where for any reason, the employer fails to pay the premium e t c ., within the- due d a t e, as fixed by the Life Insurance Corporation of I n d i a, and the policy is allowed to laps*, the exemption shall bo l i a b le to be cancelled.
11. In case of default, if any made by the fcmplo.yer in
payment of premium the responsibility for payme-nt of assurance benefits to t*e nominee (s) Legal heir (m) of dbcesaed member who would have been covered under the said Scheme but for grant of t h is exemption' s h an b" that of the employer.
29—-419GI/2000598 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PACT III—Sup. 4
12. Upon t he death of t he member covered, under t he Group
Xvoux^nae Scheme, t h is L i fe lnsvw;<^nce Corporation of I n d ia s h a ll
e n s u re profapt payment of t he sum £ssure to t he nominee (a) L e g al
H e l r ( s) of t he deftoao^d member e n t i t l ed f or it and in any o"ee w i t h in one month from the r e c e i pt of claim complete in a ll r e s p e c t.
C S, RAGHURAM )
REGIONAL PROVIDENT FUND COMHISSIONBR
No. 2 / 1 9 i 9 / D L l / E x " m p / e 9 / p t . l / 2 7 7^
S " O ,S. ,. itfhered*> th" employer of t he e s t a b l i s h m e nt mentioned in S c h e d u l ed -X ( h e r e i n a f t er r e f e r r ed to aa the s a id e s t a b l i s h m e nt ) have a p p l i ed f or e x e m p t i on under S u b - S e c t i on 2 (A) of S e c t i on 17 of t he Employees' P r o v i d e nt Fund and M i s c e l l a n e o us P r o v i s i o ns A c t, 1952 ( 19 of 1952) h e r e i n a f t er r e f e r r ed to as the s a id Act* The C e n t r al P r o v i d e nt Fund Commissioner is s a t i s f i ed t h at the e m p l o y e es of the s a id e s t a b l i s h m e n ts a re w i t h o ut making any s e p a r a te c o n t r i b u t i on or payment of premium, in enjoyment of b e n e f i ts under t he Group Insurance Scheme of the L i fe Insurance c o r p o r a t i on of I n d ia In t he nature of L i fe Insurance which are more favour b a le to such employees than the b e n e f i ts a d m i s s i b le under t he employees* D e p o s it Linked I n s u r a n ce Scheme, 1976 ( h e r e i n a f t er r e f e r r ed to as tho s a id Scheme ).
Now, t h e r e f o r e, in e x e r c i s ed of t he powers c o n f e r r ed by S u b - s e c t i on 2(A) oM t he S e c t i on 17 of t he e a id A ct and s u b j e ct to the condition* specified in Schedule-II -annexed hereto, the central Provident Fund Commissioner hereby exempt, each of the said mentioned establishments in Schedule.-! from the date mentioned against each from which date relaxation order under Pare 26(7) of the said Scheme has been granted by the Regional Provident Fund Commissioner, £>Q.l^-\ from the operation of said Scheme fro a period of 3 (three ) years,,PART III—SEC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 2\ 1922) 599 SEHEDULE-1.
No. N^IDG & nddrcoa o£ tho e a t t. Coda No.
DL/2222
1TM / S. Motorades D r. K . S. K r l s h n an Road, (Near N.P.k--. Pu"a i n s t i t u t e) New D e l h i - 1 1 0 0 1 2.
4686 2.
F;P.F.C*S P i le No. Effective date of, exemption .
1.2.97 to 31.1.2000.
3/142/C.V/I ZOOO
3/136/C.V/
2.000
M/S. Oscar Health care Pvt. Ltd., B-84,/1, okhia Phaae-II, New Delni-110020.
DL/8063
3. M/s. H.G".S. (India) L t d ., esc, c / 9, vasant Kunj, New Delhi-110070.
4.
DL/11326
M/S, A . R . J. Security Printers B-25/3, Okhl" Industrial Area, 1.4.88 to 31.3.91 & 1.4,91 to
31.3.9^&
1.4.94 to
31.3.97 & 1.4.97 to 31.3.2000
3/132/C.V/
£000 1.1.90 to 31.12.92 & 1.1.93 to 31.12.95 U 1.1.96 to 31.12.98
3/143/C.V/
ZOOO
Phaae-.II, New Delhi-20,
5.
DL/13527
M/S. ABC Leathers, B-6S, Mayapuri, Pha"e-I, Now Dolhi-64
6.
DL/13780
1.4.91 to 31.3.94 "< 1.4,94 to 31.3.97 & 1.4.97 to 31.3,2000
3/147/C.V/ 1,5.98 to 23.6.2000
2000
3/148/C.V/ 1,1.98 to
23.6.2000
ZOOO
M/s. Onkar Security Enterpriseo £-45, Kaushaiya Bh>an , Mohan Bab" Nagar, Tajpur Extn. New D"lhi-44.
7.
DL/13789
M/S, systopic Pharmaceutie^ls Pvt. Ltd-. 208, samrat Bhawan Commercial complex, R*njit Na^ar New Delhi-11008.
8.
DL/1406 9
3/149/C.V/ 2000 1.6.93 to . 31.5.96 & 1.6.9* to 31.S.99 & 1.6.99 to 23.6.2000
3/150/C.V/
1000
M/s. TBWA Anthem P v t. Ltd 25-C, Commercial Complex ' P ash tin Marg, v asant V i h ar New D e l h i . 5 7.
1.7.92 to 30.6.95 & 1.7.95 to 30.6.98 & 1.7.98 to 23.6.2000600 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23. 1922). [PART III—SEC. 4 9.
DL/15628
3/151/C.V/2OOO 1.1.97 to 31.12.99
M/B. Orient Craft Ltd.,
B-14, Okhia Industrial
Area, P h . i l, New Delhi-20.
10, . M/a. Svedaia Industry India DL/15708
3/152/C.V/2OOO
Ltd., E- 7/14, va""nt Vihar,
New Delhi-57.
1.10.96 to
30,9.99 &
1.10.99 to
23.6.2000
, M / S. Anaun Zipper* Pvt. L t d ., DL/16151
3/153/C.V/2OOO
U.
1.3.98 to
23.6,2000
3.470, Qrater Kau*"h-I,
Hew Delhi-110048,
, M/a. Integra capital
DL/16936
12.
3/146/C.V/2OOO
1.7.95 to
30.6.98 &
1.7.98 to
23.6.2000
Managmant Ltd., Integra
HOUM, PAnch"h"M"l Park,
9, community Centre,
New Delhi-110017.
, M / S. SlkKaa International
DL/17166
13.
, 1 . 1 . 99 to 3/154/C.V/2OOO 23.6,2000
Freight Servloea, Pvt. Ltd
K.28# Middle Circle,
Connaught Place, N. Delhl-1,
, M / S. Pratap parlkh
DL/17876
3/144/C.V/2000
U.
1.3.98 to
23.6.2000
A s s o c i a t e s, c - 6 5, H*lviya Na^ar, N. Delhi-17,
DL/17624
15.
3/1I5/C.V/2OOO
1.6.98 to
23.6,2000
M/S. M.M. Exports (India)
A,221, Okhia Industrial
Aeea, Phase-I,
Hew Delhl-20.
DL/196
3/155/C.V/2OOO
1 6.
M/s, Prem Hath Motors Ltd.
8, Sclndia Houae,
New D e l h i - 1.
1.9.94 to
31.8,97 *
1.9,97 to
23.6,2000
1.8.98 to
1 7.
3/156/C.V/2OOO
23,6.2000
M/". Himalaya Manufacturing DL/494
"< Sai"s Company, 3632, Netaji
Subhash Marg, oarya Qftnj,
N"w DelhJr2.
DL/10081
3/157/C.V/2O0O
18.
1.3.98 to
23.6.2000
M/a. Ansun Multitech India
Ltd., B-123/B-141, Okhia
Indl. Area, Ph*"e-1,
N"w Dalhl-20,
PART in—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) _ _^ 6011.6.93 to
19
DL/12804
3/158/C.V/2OOO
. M/a. Sys topic Laboratories
31.5.96 &
1.6.96 to
31.5.99
Ltd., 101, Praffati Chambers,
Commercial Complex, P"njlt Mr.
New Delhi-110008,
- 20 . M/s. S*m ZLp&mra Tvt. Ltd., DL/19917
3/159/C.V/20O0
(Btitmnt) K*il*sh Colony,
1.3.98 to
23.6.2000
New Delhi-110048.
21
DL/11851
. M/B. S t ic Travels Pvt. Ltdk #
3/lfiO/C;V/2000
1.31.98 to
23.6.2000
R-734, 1 st Floor, New R*jend*r
Nagar, Delhi-110060.
22 . M/s. Veek*y Metal Industry
DL/4283
3/139/C.Y/2OO0
4193, D*rog* S t r e e t, Jogiw*ra,
Nai £arak, Delhl-6.
1.8.89 to
31.7.93,*
1.8.92 to
31.7.95 &
1.8.95 to
31.7,98
23
DL/6600
3/129/C.V/2OO0
. M/B. Win Medicare Ltd., 98,
Nehru Place, N. De l h i - 1 9.
1.10.90 to
30.9.93 &
1.10.93 to
30.9.96 &
1.10.96 to
30.9.99
2 4, , M / S. A . K . S. Software L t d .,
DL/ lUty
3/161/C.V/2OOO
A-llf-69, safderjung Enclave
New Delhi-110029.
1.12.94 to
30.11,97 &
1.12.97 to
23.6.2000
2 5, , M/B. Rashi Exports,c-63/l,
DL/12152
3/162/C.V/2OO0
okhia, Ph.-11, New Delhi-20.
1.8,97 to
23.6.2000
2 6.
, M/s. R . C . M . C. Share Regietery DL/15824
3/163/C.V/2OOO
1.3.98 to
23.6.2000
Pvt. Ltd., 15l5
Pitamah Marg, Kotla Mubarkpur,
(Near South Ext.) New Delhi
•
27.
DL/13668
3/164/C.V/2000
1
M/B. Ester Industries L t d .,
75-7G, Amrlt Na^ar, Behind
Aoutb Extn. P"rt-I,
New Dell ' -110003.
1.9.93 to
31.8.96&
1.9.96 to
34.8.99
2G.
DL/15059
1.8.98 to
3/165/C.V/2OOO
23.6.2000
M/s. Eaatern Exports, 3 / 9,
Industrial Area, Kirti Ntaar<
New Delhi-110015.
602 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PACT III—SEC. 42 9.
DL/17547
3/l66/c.v/2OO4>
1.1.97 to
31.12.99
M/e. Hond" S l el Cars Indi" Ltd.
C/o ShrlRajn Honda Power Equip-
ment Ltd., 19, Rajindra Place,
Kirti Mahal,Building, Sth Vloor
New Delhi-110008.
3 0.
3/167/C.V/2000
DL/18066
1.2.99 to
23.6.2000
M/a. P.AC.L India Ltd., PACL
House, B - l / S, Jw*le H"rl Road,
paiMra Vlhar New Delhl-63.
3/168/C.V/2OOO
DL/19712
3 1.
1.9.98 to
23.6.2000
M/e. Superwire Corporation, 2,
DLF Industrial Area, Najaf-
-garh Road, M. Delhi-15.
3 2.
VL/19121
3/l69/cov/2000
1.1.98 to
23.6.2000
M/". Fujitsu India Ltd.,
Mercantile House, 1st rioor,
15, K.Q. Marg, N. Delhi-1.
3/170/C.V/2OOO
DL/20198
3 3.
1.5.98 to
23.6.2000
M/". R . P . O. Itochu finance Ltd
602, Antriksh Bhawan, 22, K.O,
Marg, New Delhi-110001.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 6035 C H E D U LE - II
1. The employer in relation to each of the said establishment
(hereinafter referred to as the employer) shall submit such
returns to thfc Regional Prvidcnt Fund Comissioner concerned and
maintain such account and provide such f a c i J i t i es for inspection,
as tho Central Provw^nt fund CommiseioJier may direct from time
to time.
2. The employer shall pay such inspection charges as the
Central Govt., may from time of time, direct undtr clause (a)
Sub-Sedtion (2A) of Section 17 of the said net, within 15 days
from the close of every month.
All expenses involved in tho administration o£ the-Group
Insurance Scheme, including maintenance of account, submission of
returne, payment of insurance premia, transfer accounts, payment
of inspection charges a t e. shan be borne bynthe employer,
4. The employer shall display on thfc Notice Board of tho
establishment, copy of the rules of the Group Insurance Scheme as
approved by the Central
Commissioner as and when amended along with translation of salient
feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a membtbt of the
" Employees Provident fund or tho Provident Fund of on establishment
exempted under the said Act, is employed in his establishment the
employer ohall immediately admit him as a member of tho Group
Insurance Scheme and pay necessary premium in respect of him
to Life Insurance Corporation of India.
6. The employer s>iall arrange to enhance- the benefits
available to the employees aunder the Group thsur^nce Scheme
opproprately if the bonefita available to the -employee* under
aaid Scheme are enhanced so that the benefits available under
Group Insurance Scheme are more favourable to tho employees
than tho benefits admissible under th" said Sahejne.
"04 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4
7. Notwithstanding anything contained in the Group Insurance
Scheme., if on the death of an employees tht$ .amount? jftyable under
the Scheme be l e ss than the- amount th*t would bfc payable,'"had the
employees ueen covered under tbo said Scheme, the employer shall
pay the difference to the nominee ts) legal heir(s) of the
employees as compensation.
8. No amendment of the provisions of the Group Insurance
Scheme shall be made without the prior approval of t^e Regional
Provident Fund Commissioner concerned anJ where a;ny amendment is
l i k e ly to e f f e ct adversely the interest of the employees hit*
approval, give a reasonable, opportunity to the employees to
explain point of view.
9. Therefor? any reason the employee of tho said establishment
do not remain covered under the Group Insaurance Scheme of the
Life Insurance Corporation of Tndia aa a ready adopted by the
said establishment, for the benefits to the employees under this
scheme are reduced in any mannt-r, the exemption shall ce liable
to b" cancelled.
10. Whore for any reaflon, the employer f a i ls to pay the
premium " t c .# within the due date, aa fixed by the Life Insurance
Corporation of India, and the policy ia allowed to lapse, the
exemption shall be l i a b le to be cancelled.
11* In 'C&s* of default-, if any made by the employer in
payment of premium the responsibility for payment of assurance
benefits to th© nominee (s) Legal heir (s) of dtcfcsaed member
who would have been covered und*.r the said Scheme but for grant
of t h is ex&mption shall be that of the employer+
PART HI—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 605
12, tJpAh t he a^eNfch o£ the member "co^ro^Jl^uxIer ttie Group
C Sa RAGHVRAM }
REGIONAL PROVTDENT FUND COMMtSSIOIER No .2/1 9^/DU/E/vEi^P/B9/Pt. 1/2816
S.O "whereas the employers of the establiahiEent .mentioned in Schpdule-i (Hereinafter referred to as the said establishment) have applied for exemption under Sub- Saction 2(A) of Section 17 of th Employees1 provident fund &. Miscellaneous Pxovisipns Act, 195^' (19 of 1952 ) hereinafter referred to as the said Act.
And* whereas the Central provident Fund Commissioner, . is.satisfied that the employees of the said'establishment*!:
30_419TxT/2000
SaiEDU1JB.II
S.I Ho. M*ae k Address of the e s t t.
Code Ho. No and date of Govt. Notification vide which exejqpti.cn Mas granted/extended
AP/VP 1. M/s, S ri Vij*y* B*a* Qajapathi Co.op.Sugers L t d ., Bhinasingi
2/19S9/DLi/Exe*/B9/ Pt-I d t. 16,9,97
-do- dt. 27.8.97
M/s. I.O.L. Chemicals L t d ., Post Box Ho. l,S*n"th Wa^ar (XE)P.O. Hyderabad.500018,
3.
AP/4803
-Bo. dt. Nil M/s. P.E. Engineer* P v t. L t d ., 23l,D.A,B*l*rtagar, Hyderabad. 500037.
4.
AP/6980
. d o. M/s. Stan pastes
5.
0
(
K
!
Date of expiry
Period CPFC's for Fi * Ho. £xe option
31.1.99 1.2.99 to 1/71/97 23,^,2000
27.8.97
T H E 28.8.97 to 2/294/"9 23.6.2000
29.2.94
G A Z E T T E
O F &
I
N D
I &
A
, 1.3.94 to 2/2138/89 28.2.97 1.3.97 to 29.2.2000 1.3.2000 to 23.6.2000
J 28.2.2000 29,2.2000 to 23.6.2000 2/1997/
A N U A R Y
1 3
, 29O4.91
•P/6479
t
-do- dt. 7.10.92
M/s"J9SR T C eaploy"es Co.op. C r e d it Cociety Ltd.^satyana. -yana seddy Mars Az4mabad, Hyderabad.
2 0 0 1
(
P A U S A
2 3
, 30.4.91to 2/1203/85 29.4.94, 30,4.94 to 29.4.97 30.4,97to 29.4.2000
1 9 2 2 31.3O99
6.
AP/6279
) 1.4.99to 1/75/99 23.6.2000
-do- dt.14.5.99
M/s. Jaswai Engg. Works P v t. L t d. IDA Baia Na^ar,Hyderabad. 500037.
[
P A R T 28.2.95
AP/4239
1.3.95 to 2/2698/92
7. M/s. Haggbunds Denisloo L t d ., patanchem H"dak Dist.-5O2l3l9.
I I I
-do-
7.3.94
—
S E C
4
-to
• • * • • • */ • • • • • 1 / 7 2 / 9 8 / D L I / A P/
AP/'18623
30.9.99
6.
P A R T
-do- d t . l lo3 . 99
I.l0.99to
23.6,2000
I I I w/", vasavi Parooiled Rice M i l l, Sugar Road, Miryalguda Naiganda Dxst. AP -503207
—
S E C
28.2.96
-do-
AP/20871
9.
4
]
1.3.98 to 1/8C/DLI/99
23o6o20©0
dt. U.5.^-9
M/s. Holy Mother LAgh School,264,
Srivivase ^agar Radhika Road,
Kapra R . a . D i s t, Hyderabad.
1/36/BLX/98
. d o.
AP/
30;9a99
10, ,M/eo Maheshwari parboiled Modern
dt.18^3.99
1.10.&9to
23.6.2000
nice K i l l, R/10,MukundapUraa
Post L^.ggapails -5C8278.
T H E G A Z E T T E
Ap/196e9
" 1/112/DLI/97
-do-
2 9,2.2000
k M / E. S ubhagya confectioners Pvt,
1 1,
dt.6,11,97
l,3,2OOOtc
23,6.2000
O F
I
N D
I Ltde, 308, Nirroal Towers, Dwarapuri panjagutta, Hyderabad- 500082.
A
,
J
30.11,9^
12,
2/2704/90
-do.
. AP/1704 9
, M/"" Dr. Reddy's Laboratoreis Ltd
dt.1,3.95
A N U A R Y
I.l2,96to
30.11.99&
l)>l2.99to
23.6,2000
Survey No. 47,Rachupaily V H 1##
Qutubullapur Handel R.R. D i e t-
5OUD123
1 3
,
2 0 0 1
2/2185/
-do-
31,8,98
1 3.
, M/s. Prasad Druge Ltd, So. No296 AP/18803
(
1.S.96 to
23.6,2000
dt.22.12.98
/713, Bollarm, Dargapur, T.o. Medak
D i s t.
P A U S A
2 3
, 1 4.
30.9.95
2/4243/1^/92
AP/17150
1 9 2 2
d t. 2.11.98
) w/s. Kakatiya Textiles L t d ., No. 6 - 3 - 1 0 9 0 / c / l / a / 1 01 Loverly Mangion Raj Bhayan Rd.# Somajoguda, Hyderabad-500482.
1.10.95to
30.9.98&
lol0.98to
^3.6,2000
6 0
' 31.10.97
2/H51/bG
6 0 8
AP/1156O
1 5.
- d O-
dt.9.E.96
1.11.97to
23.6.2000
K/s. Indo National Ltd. Tadavillage
S i l v e r p et Taluk Nellore D i s t. A.P.
524401.
AP/2267
30.11.56
2/3190/DLI/9O
1 6.
-^3O- d t . 2 7 . 9 . 95
M/s. K.C. P. ^td.,(Ramajcrishnacements
Ter*£>orory S t a tf hacher4.a Guntur-
522426. A . P.
1.12.96tO
30.11.99&
I . l 2 . 9 9 to
23.6,2000
AP/92?
-do-
30.11.93
1 7.
2/31B8/90
dt. ".3. 12.92
M/s. The K.C.P. L t d ., (Ramakrishna
CenKDts) Kacherl* Ountur Didt.
1-12.93 to
.30^1496
1.12. 96to
30. H.99
T H E G A Z E T T E
O F
I 26.2.99
AP/18588
1 8.
2/3035/90
N D
I -do- d t . 1 0 . 1 . 99
A
1.3.99tO
23.6.2000
M/s. Dr. Reddy'a Research Fountion
7*1-27, Aiwoeerpet Hyderabad-500016.
,
J 30.11.99
1 9,
AP/1B735
1/49/96
, M/s. 2u"rl Ctimcnt, Krishna N&gar
A N U A R Y -do- d t . 3 . 9 . 97
Y"rr*guntta,Oudd"pah A P - j l.
1.12.99tO
23.6.2000
1 3
, 31.3.99
2 0,
AP/17031
2/2136/
, M/s. N.C.L. Industries L t d ., R.R.
2 0 0 1 -do- dt.13.9.97
<
.
1.4",99to
23.6.2000
Towers, 7th Floor, Chirag AH
l a n e, Hyderabad-SOOOQl.
P A U S A
2 3 31.10.S9
,
AP/18612
, M / S, Godavarl Explosives P v t, Ltd,
2/4278/92
2 1,
. d o. d t . 2 6 . 7 . 99
1.11.99to
23.6.2000
202 &2O3 Minerva Complex, 2nd
Floor, S.D, 3o3
1 9 2 2
)
[
P A R T
I I I
—
S E C
.
4 Ap/16274 28.2,91
2 2.
1.3.91to
2/3733/91
P A R T M/s. Book Foint (lndla)Ltd.# 3-5-819, Hyderabad-500029.
2S.2.94&
L
-do- d to2 4 . 9 . 9]
I I I
1.3.94to
—
28.2.97i
S E C
.
4
]
AP/2O737
31.10.99
2 3.
2/4247/92
-dc-
dt.10,1.95
1.3.97tO
29.2.2OOO&
1.3.2000 to
23.6,2OOC
1.11.99to
23,6,2000
T H E M/s. Penn*r Industries Ltd., 1-10-75/1/1-6,First Floor, saptagiri T6w"re(S.P.Road, Begrapet, Hyderabad-500016.
G A Z E T T E 31,10.99
AP/17618
2/4336/94
1.11.9HO
2 4.
-do-
dt.9.2,98
M/s. Kavayyga Engineering L t d .,
Dwaraka nagar, Visakhpatnam-530061,
23.6,2000
O F
I
N D
I
AP/2362
2 5.
4.3.96
-do-
5.3o98to
2/706/82
A
,
J dt, 7.97
M/s.The A,P. Dairy Development Co.op,
Federation Ltd-50O017
23.6,2000
2 6,
Ap/3060
2/3506/91
31O5.91
A N U A R Y M/B. • l r i j an CoBopa Corporation Ltdo, Visakhapatnam-17o
-do-
dt.3o5c91
lo6s91to
}l"Se94fc
1.6,94 to
1 3
,
2 0 0 1
(
31.5.97 &
1.6.97 to
23.6*2000
AP/135^6
30.9.95
2/4521/92
P A U S A -do- dt.2e2o94
M/s. Premier Tobacco packers Ltd.,
Post Box Ko0l,Singarfakonda"523l01#
Prakasam D i s t. A.P.
2 3
,
I . l 0 . 9 5 to
30,9.98 &
1,10.98 to
23.602000
1 9 2 2
)
6 0 9610_ THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—Stc. 4 S C H E D U LE - II
1. The employer in relation to each of the said establishment (Hereinafter referred to as the employer) shall, sufcmit such returns to the Regional Prvident Fund Comissioner concerned and maintain such account and provide such f a c u l t i es for inspection, as the Central Provident Aind Commissioner may direct from time to time.
2t The employer shall pay such inspection charges as the Central Govt., may from time of time, -direct undtr clause (a) Sub-Section (2A) of Section 17 of the said Act, within 15 days from the close of every morfch.
* All expenses involved in the administration of t^a Group insurance Scheme, including maintenance of account, submission of r e t u r n s, payment of insurance premia, transfer accounts, payment D£ inapection charges e t c. shall be bornts bynthe employer, 4. The employer shall display on ths Notice Board of the establishment, copy of the rules of the Group Insurance Scheme as approved by the Central <5ovfc,rnmentl(5ccntrai Provident Fund Commissioner as and when amended alongwith translation of salient feature thereof in the language of the majority of the employees.
5. Where"s an employee, who is airoady a member of the Employees Provident fund or the Provident Fund of an establishment exempted under the said Act, is employed lp his establishment the employer ohall ^immediately admit him as a member of the Group Insurance Scheme and pay necessary premium in respect of him to Life Insurance Corporation of India.
6,. The employer s>\ail arrange to enhance, the benefits available to the employees aunder the Group rnsurpnee Scheme opproprately if the benefits available to the -employees under aMd Scheme are enhanced so that the benefits available under Group Insurance Scheme are more favourable to tho employees th4n tho benefits admissible under the said Sqheme.
PART III—Sec 41 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 6 117. Notwithstanding anything contained in the Group Insurance Scheme, if on the death of an employees tht; amounts j^yable under the Scheme be l e ss th&n the amount th^t would be payable, had the employees been covered under tho said Schrme, the employer shall pay the diffcrc.net to the nominee (s) legal heir(s) of the employees as compensation,
8. No amendment of the provisions of the Group Insurance Scheme shall be mad© without the prior approval of t^e Regional Provident Fund Commissioner concerned and" wherfc a;ny amendment is l i k e ly to effect adversely the i n t e r e st of the employees hio approval, give a reasonable opportunity to the employees to explain point of view.
9. Therefor^ any reason the employee of the said establishment do not remain covered under the Group Insnurance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for thw benefits to the employees under th±8 scheme are reduced in any manner/ the exemption shall be liable to be cancelled,
10. Where for any reason, the employer f a l ls to pay the premium e t c ., within the due d a t e, as fixed by the Life Insurance Corporation of I n d i a, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the famplojer in
payment of premium the responsibility for payment of assurance benefits to t*e nominee (s) Legal heir (s) of dtcfcsaed member who would have been covered undor the said Scheme but for grant of t h is exemption shall be that of the employer.
612 THE GAZETTE OF INDIA, JANUARY H, 2001 (PAUSA 23, 1922) [PART [II—SLC 412-, Upon t he death of t he member o^V^rscl -\inder t he Group
Xtoawt&pce Scheme, t h is L i fe ms\*r&nee Corporation of Xndia s h a ll
e n s u re ptforjg*: payment of, t he sum assured to t he nominee (3) L e g al
H e i r ( s) of t he deAo-aoed.member e n t i t l ed f or it and in any c a se w i t h in one month from t he r e c e i pt of c l a im complete in an r e s p e c t.
( S. RAGHURAM )
REGIONAL PROVIDENT FUND COMMISSIONER
No. 2/1959/DLl/Exemp/89/PtB1/2853
SOO Whereas the employer of t he e s t a b l i s h m e nt mentioned in Scheduled -I (hereinafter referred to as the said establishment } have applied for exemption under Sub-Section 2 (A) of Section IV of the Employees' Provident Fund and Miscellaneous Provisions *ct, 1952 (19 of 195^) hereinafter referred to a6 the said Act* The Central Provident Fund Commissioner is satisfied that the employees of the said establishments are without making any separate contribution or payment of premium, in enjoyment of bane£it3 under the Group Insurance Scheme of the Life Insurance corporation of India in the nature of Life Insurance which are more favour bale to such employees than the benefits admissible under the employees' Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as the said Scheme ).
Now, therefore, in exeraised of the powers conferred by
Sub-Section 2(A) o£ the Section 17 of the said Act and subject
to the conditions specified in Schedule-.II annexed hereto,
the Central Provident Fund Commissioner hereby exempt, each of the
said mentioned establslhments^ in Schedule-I from the date mentioned
against each from which date relaxation order under Para 2&(7)
of the said Scheme has been granted by the Regional Provident
Fund CowsilsmlonTT fo^ rVS^ ^ WX^AJ^^, fro* the operation of said
scheme fro a period of 3 (three ) years.
'13
Scbeede-1.
SI
I .No. Name k address of the e s t t.
Code No,
C.r .r'.C1 s f i le f.o.s
i
E f f e c t i ve date of Exemption
!
AP/14260
l^l/DLl/AP/^o
1.
K/s. AkMl Farma Lt-d. , Muttangi V i l l .,
Patancheru, Sangaredy, Taulka, D i s t .,
H-3")c (AP) 502300.
2.
1.11.92 to 31.1O.9S,
1.11,95 to 31.1O.9S
1.11.98 to 23,6.2000
1. 1 U 95 31. 10.98
1. t U98 H 23. 6.2000
Charminar a r a n i t es Exports L t d ,, S y. No. 172, ID4, Bollar*ai Jinnaram Mandai, Kedak D i s t - 5 0 2 3 2 5.
o
Af/25292
3.
i/nb/2000
BHEL Employees Co,op. Credit Society Ltd,
Ramachandra Puraro Hyderabad-500032,
1.7.96 to 30.6.99
1.7.S 3 to 23.6,2000
o
AP/22102
4.
1/176/DLI/AP/2OU J
M/s. Vurln Latx>ratories L t d ., 1-8-179/2
Usha KIran S.D. Road, Secunderabad
1.1. SS tc 31,i2a9P
1.1.99 to 23.6.2000
o > K.V. 5000003.
AP/26197
1/177/DL1/2OO'
5.
M / S. Liberty Corporation L t d ., 2 3, Nagar-
J i na H i l l s, P-unjagutta, Hyderabad-50O0"2.
1*11,95 to 31.1C.9B
1.11.96 to 23.5.2000
}**
AP/29091
6.
1/17F/DLI/2OO0
1.6.96 to 31.7,99
1.8,99 to 23.6.2GC0
M/s. Ushodaya P u b l i c a t i o n s, Eenadu Con?)li"x
Somajigud* Hyder*bad-5OOOS2.
7.
1,7.97 to 23.6,20O0
XP/23975
1/179/0^/2000
M's* Signion Systems P v t. L t d . , P l ot Ho. 71 & 7 2, Anrich I n d u s t r i al E s t a t e, I . D . A. Bollaran Hyderabftd.502325.
1>
AP/25213
8.
1,7.99 to 23.6.2000
l/l80/DiJ/2OOO
s M/s. Borgan!CS L t d ., 2011rEmerald House, S.D.Ro"d, S*cund"r&bad-S00003.
9.
to
AP/29249
1.10.99 to 23.S.2000
1/181/D1I/2OO -0
M/s. s a p t h a g i ri Company L t d ., 1 3 - 5,
OootynRoad, B-lCothapallj NH-7,
An*nt"pux-515731
10
AP/3O609
, M/s. M"d"k Rubber L t d ., P l ot Ho. 106,
1.S.98 to 23.S.2000
1/182/DLI/2OO 0
Srivenkateswtra Cop,op I n d u s t r i al E s t a t e, P.O. B o l l a r a a, Tq Harrapur, D i s t ., Medak 502320.
1 1.
6 1 4
Jtf/29260
1.7,99 to 23.6.2000
1/183/DLI/2OO 0
H/s" A s i a* Peroxide* L t d ,, G.N.T. Ro*d S y l l u r p et Itellor* D i s t ., 524123,A.P.
1/184/DLI/2OCO
1 2.
1.4,99 to 23.6,2000
AP/30633
M/s. Shri Sh"kti Collage of Hotel
Management, Adjacent to airport
Begunqjet, Hyderabad~5OOO16t
AP/29841
1,5,98 to 23.6.2000
1 3,
1/185/DLI/2OO 9
M/s" Hartex Elastoners P l ot No. 106, I . D . A .,
Bollaram Tq. Narsapur D i s t, Medak-502320.
T H E
AP/19841
1.5.98 to 23,6.20O0
u.
V1B6/DLi/2OO 0
M/se Hertex Rubber L t d ., P l ot No. 104,
IDA, 3oolaram, FMdak Tist-502325.
1 5.
G A Z E T T E 1.4.98 to 2 3 . 6 . 2 0 00
AP/32831
1/1B7/DLI/2O00
O F
I M/st Tata T e l e s e r v i c es Lrdct 5-9-62, Kham Lateef Kham e s t a t e, Fateh Mabdan Rd., Hyderabad-500001.
N D
I
A
,
J
AP/24019
1 6.
1/1CB/DLI/2000
1.5.96 to 3 0 . 4 . 99 &
1,5.99 to 23.6.2000
K / S. Global BJ1)C Djpiges i ^rrecbemicals L t d .,
DIgwai V i l l a g e, Ko"-ir Mandal Medak D i e t .,
AP.5O2321.
1 7.
A N U A R Y
1 3
, 1.4.97 to 3 1 , 3 . 2 0 00 1/189/DLI/2000
2 0 0 1
AP/VP/
28897
H/st S ri G.C.ScRt Collage, Rajam S ri kakulam
D i s c ,, 532127.
(
AP/28067
1/190/DLI/2C0O
1 ?.
P A U S A 1.10.96 to 3 0 . S . 99 & 1,10.99 to 23*6.2000
2 3 M / P, S . ^VF, Process F i l t e rs & Accumulators Fvt. L t d ., 5C-.^r GIF (Expm) GandiNagar, Hyderabad-;>OQ;J3?.
,
1 9 2 2
)
[
P A R T
I I I
—
S E C
.
4PART III—Sec, 4] THE GAZETTE OF INDIA. JANUARY 13, 2001 (PAUSA 23, 1922) 6)5 S C H E D U LE - II
1. The employer in relation to each of the said establishment
(hereinafter referred to as the employer) shall submit surh
returns to thfe Regional Prvident Fund Comissioner concerned and
maintain such account and provide such f a c u l t i es for inspection,,
as tho Central Provident Fund Commissioner may direct from time
to time.
2, The employer shall pay sach inspection charges as the
Central Govt,, may from time of time, direct under clause (a)
Sub-Section (2A) of Section 17 of the said Act, within 15 days
from the close of every month.
• All expenses involved in the administration of the Group
Insurance Scheme, including maintenance of account, submission of
returns, payment of insurance premia, transfer accounts, payment
of Inspection charges o t c. shall be borne bynthe employer.
4. Th* employer shall display on the Notice Board of the
establishment, copy of the rules of the Group Insurance Scheme as
approved by the Central Oovernmcnti^Centrai Provident Fund
Commissioner a" and when amended alongwith translation of salient
feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a mc-mfcer of the
Employees Provident Fund or tht> Provident Fund of an establishment
exempted under the said Act, is employed in his establishment the
employer ohail immediately, admit him as a member of the Group
Insurance Scheme and pay necessary premium in respect of him
to Life insurance Corporation of India.
6. The employer shall arrange to enhance, the benefits
available to the employees aundtr the Group rnaur^ncc Scheme
oppropr&tely if the benefits available to the -employees under
•add Sohema are enhanced so that the benefits available under
Group Insurance Scheme are more favourable to the employees
than tho benefits admissible under the said Sahara*.
616 THE GAZETTE OF INDIA, JANUARY 13, 2001 ^PAUSA 23, 1922) [PART III—Sfic. 47. Not .'withstanding anything contained iri'the Group Insurance Scheme, if on the death o£ an employees tht? amounts payable virK2er the Scheme be leas t Vn th^ amount th">t would be payable had the employees been covered .rider the said Scht ma, the employer shall pay the difference to thf nominee (s) legal hei,r(s) ot tht* employees as compensation.
8. No amendment of the provision* of the Group Insurance Scheme shall be nuada witnout the prior approval of t^e Regional Provident Fund Commissioner concerned and* wher# &hy amendment is l i k e ly to effect adver&cly the i n t e r e st o£ the employees his approval, give a reasonable ppportunity to the employees to explain point of view.
9. Therefor^ any reason the employee of the said 6sttbildha"nt do not remain covered under tv Group Insjmirance Sohttms of th" Life Insurance Corporation of India ae a r"ady adopted hy *;h" said estahlishntent, for thu benefits to tha omployoea under this scheme ara r"c-uc"d in any manntr, the exemption shall at liable to bo cancelled.
10. Whore for any reason, the employer fails to pay the premium e t c ., within the due d a t e, as fix"d by the Life Insurance Corporation of India/ and the policy is allowed to lapae, the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance benefits to the ncmint.c (s) Leg a heir (s) of <3tc&""" PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) - 6ir -. ^ _ - r, . , - ^ __ . . . _ _^ 1. V T- - - >
12, Upon the death of the member covered under the Gr^up Insurance Scheme, this Life Insurance Corporation of India shall ensure prompt payment of the sum assured to the nominee (s) Legal heir ( *) of the deceased member entitled for it and in any case within on© month from the receipt of claim complete in all respect.
( Sr*ftAGHURAM ) REGIONAL PROVIDENT FUND COMMISSIONER No. 2/1 959/DLl/EAE;j?/G$/Pt. 1/2881
5.0 ,,'v.hoteas the employers of the establishment mentioned in SchpcJule-t (Hereinafter referred to as the said establishment) have applied for exemption under Sub- Section 2(A) of Section 17 of th<* Employees' Provident fund & Miscellaneous Pxovisipns Act,195?.' (19 of 1952 ) hereinafter referred to as the said Act.
And* whexeas the Central Provident FunU Cnranissionor, is.satisfied that the employees of the saidestablishrnonti are, without maKing any seperate contribution or payment of premium in enjoyment of bentfita undar the' Group
Insurance Scheme of the Life Insurance Corporation of India in the' nature of Life Insurance which are more favourable to such employees than the benefits admissible tinder the' Employee $' Deposit Linked InsuTance Scheme ,197-6 (bore.- inafti^r referred to as the said Scheme),
Mov' therefore, in exercise of thy powor confortod by Sub-Soction 2 ( M) of Section 17 of the said Act in
continuation of Govt, of India, the ilinistxy of L^bAur/ C.P.r.C Notification N^,and date shov/n ao^inst the name rf oach oC the said astablishrnan :s from the conditions opscifiecl in Schedule-!!' ann-rtou horoto the Central Provi^&nt Fund Commissionor hereby cx^irpt c,?.r,h of the said esiaUlishmen L. from the operation of ail ttte provisions of the oaid
:;cheme a further -p3riod of 3 yOors as indicated in-
cfctached SchedulG-I acja?.nc"t their names.
I
6 1 8
SCHEOPLB-II
S .I to. Naue & Assress of the establishment
Period
for
C.P./.C's
Pile No.
. Code No. Ne.and date of Date of
Govt. Notifica- exprity
-tion vide which
exenp. was granted
extended
2/3298/TN/9O
31.12.98
?N?69 2/1959/0^1 /Exea^)./
1.
'*? 89/?t.I dt. 17.6.99
M/S. Sri sarada Mills P.B.No.4803
Surendr* Pur are, Coinbatore-24.
1.1.99 to
23.6.2000
2.
21.12.99
-do-
TH/70
2/1089/84
M/s. The Canaran Mill Ltd.H.P.H.
paiayam, Coimb*tore-3l.
T H E G A Z E T T E 22.13.99 to 23.6.2000
dt. 15.*.99
O F
I
-do-
31.3.99
2/5369/93
3.
N D
I
dt. 3.4.2000
1.4.99 to
23.6.2000
TN/129-A
& B
A
,
J M/s. Beardsell Ltd.,- No. 47, G reams Road, Ch.ennai-600006, a long with i ts branches.
TK/209
30.11.98
-do-
2/2941/90
4.
A N U A R Y
dt. 26.10.97
1,12.98 to
22,6.2O00
M/s. Tutlcorin Spinning Mills Ltd.,
106, paiayamkottai Road, Tuti^orin-8B
1 3
, 31.3.99
TN/24O-C
-do-
2/3151/90
5.
dt* 19.5.99
1.4.99 to
23.6.2000
M/s. Precot Mills Ltd.,*Supr"m" P.3.
Ho. 38B8, Race Course Road#
Coimbatore-18.
2 0 0 1 ( P A U S A
TN/4144
31.3.93
2/5405/94
6.
2 3
,
-do-
dt.3.5.94
M/s. K.K. D i s t r i ct Central Co.op,
Bank,,Nagercoil.
1 9 2 2
) 1.4.93 to 31.3.96 & 1.4.96 to 31.3.99 & 1.4.99 to 23.6.2000
[
TH/5054
7.
-do-
29.2.2000
2/2603/90
M/e. T&R Welding Products Pvt. ^td.
29, Indl. Estate, Ajcbatur, Chennai.58.
dt. 19.3.99
1.3.2000 to
23.6.2000
P A R T
I I I
—
S E C
.
4 P x
TN/6124
14/704/99
31.1.93
8.
i r r
-do-
dt.5.4o2000
H / S. Myiady Primary Agricultural Co.op.
Bank L t d ., Myiady, K,K. D i s t r i c t.
I I I 1.2.93 to 31.1.96 1.2.96 to 31.1.99 & 1.2.99 to 23.6,2000
—
S E C 30.11.99
TM/8876
1.12.99 to23.6.2000
2/4856/93
*1
4
]
-do-
dt.19.5.99
M/s. Wellington Tea Factory,
Wellington P.O.,643231, The N i l g i r i *.
30.9.99
14/684/99
1 0.
TH/3O433
1.10.99to 23.6.2000
d-o-
dt.l4.1.2X
M/s. Sierra Trading Ltd., 96/2,
Anna S " l a i, Hayalkeni, Chroapet,
Chennai_4.
31.12.99
TK/10602-A - d o-
1.1.2000 to 23.6.2000 14/45/95
1 1.
21.6.99
T H E G A Z E T T E M/s. T. Abdul Wahid Tanneries Ltd., No.26, Vepery High Jto*d, Periamet, Chennai-3.
O F
I 31.8.96
TH/12170
, -do- 1 2.
2/2585/90
N D
24.11.95
1.9.96 to 31.8.99
1.9.99 to 23.6.20O0
I
A M/s. Electron India, Type-II, No.9, VSI E s t a t e, Thlruvanniyur, Chennai-4.
,
J 28.2.99
TN/12143
1.3.99 to 23.6.2000
1 3.
2/3292/91
-do-
26.2.98
M/s. Tamil Nadu Chemical Products
Koviloor, Karaikudi.
A N U A R Y
1 3
, 31.3.99 1.4.99 to 23.6.2000
TN/13548
1 4.
14/326/97
-do-
4.5.9e
2 0 0 1 M/s. Shankar Higher Secondary School Madurai Ro*d, sankarnayar-627358, Tirunelveli Diet, Tamil Nadu.
( 28.2.99
TN/16??7
1.3.99 to 23.6.2000
1 5.
14/S04/98
P A U S A
18.3.99
M/s. Mahatraa Gandhi Centenary
Vidyaiaya, Tennur, Trichy-620107.
2 3
, 31.3.66
1 6.
TN/16633
1 9 2 2
-do-
30.9.97
1.4.96 to 31.3.99 2/10B8/84
1.4.99 to 23.6.20O0
) M/s. Electronics Corporation of Tamil Nadu Ltd., Ilrd f l o o r, M.H.U. Complex,473, A n n a s a i a i, Nanda"a", Chennai.35, aiongwith i ts branch.
1 7.
TH/16536
-do-
31.3.96
M/S; sanco Trans L$d., No.90,
Moore S t r e e t, CHennai-1.
1.4.96 to 31.3.99 2/2734/90
1.4.99 to 23.6.2000
24.11.95
28.2.99
-do-
TN/17304
1.3.99 to 23.6.2000 14/706/99
1 8.
5.4.20OO
6 1 9 Vendalicode primary Agricultural Co.op. Bank Ltd., vandaiicode- P.O.
30.9.99
, TH/a6091
1. 10.99 to 23.6.2000
14/394/98
6 2 0 1 9.
-do-
11.3.99
M/S. Hears saftware International Ltd.
No.24, Main Road, United India Colony
Kod*Bbakkatn,.Chennai_24, aiongwith i ts
branch.
31.10.99
1.11.99 to 23.6.2000
2/4722/92
2 0.
-do-
23.1.99
M/s. Ransar Industries Ltd., 17, Avara- TN/2184S
-P*l"y*" Road, Ganapathy, P.O.
Coifflbatore-641006.
9.11.99
10.11.99 to 23.6.2000
2 1.
TN/519
2/1068/84
T H E
-do-
15.5.99
M/s. Sri Varadhraja T e x t i l e s, PB
8o. 1616, Peeiam"du, Coimbatere
641004.
30.9.99
14/715/99
2 2.
1.10.99 to 23.6.2000
TN/31403
G A Z E T T E
-do-
5.4.2000
M / S. Breeze Hotel Pvt. Ltd., No. 850
Poonamaiiee High Road, Cbennai-10.
O F
I
31.5.96
TN/10945
2 3.
2/3605/91
N D
-do- 1 . U . 96
1.6.96 to J l . 5 . 99
1.6.99 to 23.6.2000
I
A
, M/s. Madras Port Trust Employees Co,op. Bank Ltd., 317, Sembudoss Street, Chennai-600001.
J
TN/3926
23.12.98
2 4.
24.12.98 to 23.6.2000
2/938/83
-do-
12.5.99
A N U A R Y K/s. The Tiruchendur Co.op. Spinning Mills Ltd., Nazareth-6286l7, Tutlcorin Dist.
1 3
,
TK/6293
31.8.94
2 5.
-do-
31.1.92
1.9.94 to 31.8.97 2/2464/90
1.9.97 to 23.6.20O0
2 0 0 1 M/s. S.O. Jayaray Nadar & Sons, 176-3 Trivandra"Jload, Palayankottai, T i t u n e l v e l i - 2.
(
TH/61S3
29.2.96
2 6.
P A U S A
-do-
20.10.95
1.3.96 to 28.2.99 2/272S/90
1.3.99 to 23.6.20O0
2 3
, M/s. Ramco Industries Ltd., VI Floor, 98A, Dr. RadhaKrishnan Road, Mylapore, Chennai-4.
1 9 2 2
30.9.9S
TN/26101
2 7.
)
1.10.99 to 23.6.2000 14/79/95
-do-
17.8.99
M/S. EIH Associated Hotel Ltd.,
1/24, O.S.T. Road, Meenambkkam,
Chenn*i-27.
[
31.8.99
-do-
1.9.99 to 23.6.2000 14/107/95
2 6.
P A R T
1.6.98
I M/s. Co"plete Business Solutions (India) TW/30027 Ltd., Madras Export Processing Zone, Chennai.600045.
H —
.
S E C 4 30.9.99
29
1.10.99tc
23.6.2000 2/3116/90
. M/s. Madras Oxygen & Acetylene
TM/794S'
P A R T -do- 15.5.99
I I I Co. L t d ., P.B. No.52l8,Perianiaken, Paiayan, Coimbatore-641020.
—
S E C 29.2.99
4512
1.3.99to
23.6,2000 14/230/97
30 >.H/S. The Trichy D i s t r i ct Amaravathl
4 -do- 16.2.99
] Consumere Coop. Wholesale Stores Ltd., Trichy-620002.
1.12,99 to 23.6.2000 14/441/98
30. U099
TN/36278
. M/s. E.M.L. Agencies Pvt. Swamy
31
T H E -do- 16.5.99
Complex, 1 st Floor, No.41, Thimbu
Chetty S t r e e t, Chennai-1.
32
31.3.93
. M/s. Amirican Remedies Ltd., No.124,
TW/16265
G A Z E T T E -do- 19.4.94
L.B. Road, Adyar, Chennai-600020.
O F
1.4.53 to
1,4.96 to
1.4.99 to
31,3.96 2/4489/92
31,3.99&
23.6.20OO
I
N D
I
1.2.2000
33 . M/s. Fuller India Ltd., No. 1B0,
19248
31.1.2000
to23.6.2OC0 2/2052/89
A -do- 23.1.99
J Kodambakkara High Road,,Chennai-600034 alongwith i ts branches.
A N
I 31.1.99 1.2.99 to
34
TN/10434
. M / S. Jayiakshmi Engineering Works Ltd.
23.6O 2D00 14/356/95
M R V Sengaiipalayaa, N.G.G.O. Colony(pO)
-do-
8.4.99
p
, Coimbatere.641022. *-
2
W
\
i . M / S. Eastern Chrome Tanning Corpn.
29.2.2000
1,3.2000
35
to 23.6.2C00 2/225S/fc9
TN/9396
P A
'
f -do- 19.5.99
No.12, College Road, Chennai-6.
36
S A
2
\ 2C.2.98
. M / S. KumbakonatB lurai E l e c t r ic Coop, TN/16614
3.3. "9 to
23.6,20OO 2/4G51/92
!
~do-
30.9.97
Society, Kanraj Koad, PB No. 8,
Kumbakonaa.
37
9 2 2
) . M / S. Shanaaigha Precision Forgings
31.8.96
TN/27065
-do-
16.2.99
Thiruraaiaisaodram, Thanjavur D i s t.
1. 9. 9fc to
1.9.99 to
31,8.99
23,6.2000
31.12.99
38
TN/27043
1. l.iOOO
to 23,6.2000 14/227/97
-do-
19.5.99
. M/s. Cethar Food Oil L t d ., Trichy
.Sala", Main Road, Musiri-621211,
Trichy D i s t ., Tamil Nadu.
6 2 1622 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART HI—Sue. 4 S C H E D U L .E - II
1. The employer in relation to each of the said establishment
(^croinifter referred tp as the Employer) shall, submit such
returns to the Regional prvident Fund Comissioner concerned and
maintain such account and provide such f a c i l i t i es for inspection,
as tho Central Provident ?und Commissioner may direct from time
to time,
it The employer shall pay such inspection charges as the
Central Oovt, , may from time of time, direct under clause (a)
Sub-Sitotion (2A) of Section 17 of the aaid Act, within 15 days
from the close of ovary month.
All expense* involved in tho administration of the-Group
Insurance Scheme, including maintenance of account, submission of
r"turns, payment of insurance premia, transfer accounts, payment
of inspection charges e t c. shall be borne by nth* employer,
4* Th* employer ah&U display on th* Notloe Board of the
r-ctafolishmtmt, copy of the rules of the Group Insuranco aaheme as
approved by the Central oovft.rnmenti^Ccntrai Provident Fund
Commissionor aa And when amended a3.ongwj.th tranaiaticn off salient
feature thereof in the language of the majority of the employcca.
5, Whereas an employee, who is airoady a member of the
Employees Provident Funp* or tho Provident Pund of an efltabllshment
exempted under the said Act, is employed In his oBt&bliohment the
employer uhali immediately admit him a" a member of the Oroup
Insurance Scheme and pay necbseiry premium In rtspeot of him
to Life Insurance Corporation of India.
6, Tha employer s>ian arr&hg" to enhance. th" benefit*
availi\bio to the employees sunder the Oroup rns.ur,f*ioc Scheme
opproprately if the benefits available to the employees u&der
a add Scheme arc •nhanood so thftt the benefits available under
Oroup Inaureno* Sohom* aro more favourable to tho employees,
than tho benefits admissi bio under the s*id ioheme.
FART III—Stc. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 62i7. Notwithstanding anything contained in. the Group Insurance Scheme-, if on the- death of an employees tht,- .amounts |ftyable under the Scheme be less than the amount th*t would be payable, had the employees been covered under the said Scheme, the employer shall pay the difference to the nominee (s) legal heir(s) of the employees as compensation.
8. No amendment of the provisions of tne Group Insurance Scheme shall be m.ade without the prior approval of t^e Regional Provident Fund Commissioner concerned and inhere any amendment is l i k e ly to effect adversely the i n t e r e st of the employees his approvalt give a reasonable opportunity to the employees to explain point Of view.
9. Therefor© any reason the employee o£ the o*id establishment do not jremain covered under the Group Inanurance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for tht: benefits to the employees under t'.Ue scheme are reduced in any manner, the exemption shall be liable to be cancelled.
10. Whore for any reason, the. fcrnplo^er faila to pay the premium " t c ., within the due d a t e, aa fixed by the Life Insurance Corporation of I n d i a, and the policy Is allowed to l&pse, the ' exemption shall be l i a b le to be cancelled.
'11. In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance' benefits to the nominee (s) Legal heir (s) of dtcesaed member who would have been covered und^r the said Scheme but for grant of t h is exemption shall bt; that of the employer.
624 THE GAZETTE OF INDIA, JANUARY 13, 20C1 (PAUSA 23, 1922) [PART IIlf-SEC. 412. Upon the death ©f the member covered under the Group Insurance Scheme, this Life Insurance Corporation of India shall ensure prompt payment of the sum assured to the nominee (s) Legal heir (s) of the deceased number entitled for it and in any case within one month from the receipt of claim complete' in all respect*
( S" RAGHURAM )
REGIONAL PROVIDENT FUND QOMMISSIONER " o. 2/1559/DLl/E3"ff^/89/Pt.1/2928
S"O," • " , , . . . . .. "fh@r®ae t he employer of t he e s t a b l i s h m e nt mentioned in Scheduled "I ( h e r e i n a f t er r e f e r r ed t.o as t he iMsii"2 e s t a b l i s h m e nt ) have a p p l i ed f or exemption under Sutt-jractior HA) of S e c t i on 17 of t he Employees' P r o v i d e nt Fund and rtiscelxauecus P r o v i s i o ns Jtct, 1952 <19 of 1952) h e r e i n a f t er r e f e r r ed to as chs s a id Act0 The Qftntrai P r o v i d e nt Fund Commissioner is s a t i s f i ed t h at t he employees of t he ©aid e s t a b l i s h m e n ts a re w i t h o ut making any sepejrate c o n t r i b u t i on or payment of pr"miviiii# in enjoyment of b e n e f i ts under t he Group I n s u r a n ce Scheme of t he L i fe Xnnuraiic© C o r p o r a t i on of I n d ia in t he n a t "@ of L i fe I n s u r a n ce which a re noztf favourbale to such employees t h an t he b e n e f i ts a d m i s s i b le under t he employees' OeposJtt Linked I n s u r a n ce £ c h t "f 1976 C h e r e i n a f t er r e f e r r ed to as t he s a id Scheme )a
Wow, therefor®^ in e x e r c i s ed of t he powers coiif#rred by
S u b - S e c t i on 2(A| ©1 t he S e c t i on 17 of t he s a id Act and s u b j e ct to t he c o n d i t i o ns s p e c i f i ed in Sch®dt2le"II annexed h e r e t o,
t he C e n t r al P r o v i d e nt Fund Commissioner hereby exempt,
Schefel*-!.
SI
P A R T .No. Hame & address of the e s t t.
?ode Ko.
date of
C.F.i-.C's ? i le No.
m —
Effective
Exemption
S E C
.
4 AP/14260
I/41/DLI/AP/96
I.
] M/s, \ k Ml Farms Ltd., Muttangi V i l l ., Patancheru, sangaredy, Taulfra, D i s t ., Hedak (AP) 502300.
31.10.95,
31.10.98
23.6.2000
].*1.92 to
1.11.95 to
1.11.98 to
2*
1/y(7u/AP/2OOO
31. 10* 98
23. 6, 2000
1. 11.95
1. 1 1. 98 H
Cbarminar Granites Exports L t d ., Sy.
Ho. 172, ID%, Bollaram Jinnaram Mandal,
Medak Dist-502325.
Af/25292
3.
1/175/2000
T H E G A Z E T T E BKEL Employees Co.op. Credit Society Ltd. Ramachandra Puraro Hyderabad-500032,
3 0 . 6 . 93 23.6O2000
1.7.96 to
1.7.?9 to
O F
I M-/221Q2
4.
1/176/DLI/AP/2OD J
N D M/S. Vorin laboratories L t d ., J"~-179/2 Usha Kiran S.D, Road, Seconder^tadl
I 1.1.95 to 1.1.99 to
31O12B9S
23e6.20OO
A
, A.P. 50000CS.
J AP/26197
5.
1/177/DLI/2OO0
M/s. Libert/ Corporation Ltd., , :j, N ^ a r-
Jina H i l l s, Purjia^jtta, Hydera3^r-5000f2.
1.11.55 to
1.11,96 to
31.10,98
23.5,2000
6.
A N U A R Y
1 3
, AP/29091
1/17G/DL1/20O0
M/s. Ushodaya Publications, Tie-* 3-a Cort^liex
Somajigud* Hyder*b*d-5OOOS2,
1.6.96 to
1.6.93 to
3lo"7.99
23.6.2OCO
7.
2 0 0 1
( AP/23975
1.7,97 to
23.6.2000
1/179/0*1/2000
P A U S A M'Sc Signion Systems Pvt. Ltd, ,r-iot No. 71 s< 72, Anrich IrwSustriftl Estate, i.D.A. Bollaram Hyderabad-502325.
8.
2 3
, 1.7,99 to
W/25213
23.6.200rj
l/leO/DU/2000
1 9 2 2 H/s, Borganics L t d ., 2011#Emeraid House, SoD.Road, Securv3erabad-50O003,
9*
) Ai>/2§249
23.6.2000
1.40.99 to
1/181/D1I/2OO -0
K/'so S"pthagiri company L t d ., 13-5,
GootynRoad, a-JCothapallg NH-7,
Anantapur-515731
10.
AP/30609
1.S.98 to
23,3.2000
1/182/DLI/20O 0
6 2 5 M/s. Madak Rubber L t d ., Plot Ho. 106, Srivenkateewar* Cop.oj? Industrial E s t a t e, P.O. Bollaram, Tq Marrapur, D i s t ., Medak 502320.
AP/29260
1.7.99 to ^3.6.2000
1 1.
1/183/DLI/200 0
6 2 6 M/"s Asian Peroxide* L t d ,, G.H.T. Ro*d Syaiurpet Nellore D i e t ., 524123*A,P,
,
AP/3O633
1.4.99 to 23.6.2000
1/184/DLX/20CD
, M/s. Shri Shakti Collage of Hotel
Management, Adjacent to airport
Begua^tet, Hy*erab*r!-50001Se
n. •
AP/29841
1,5,98 to 23.6.20O0
1/185/DLI/20O 9
M/se Hartex Ela&toner" P l ot So. 1O&, I.D,AW
Bollaram Tq. NSrsapur D i s t, Hedak-502320.
AP/13841
, M / B. Hcrtex Rufctoer L t d ., P l ot No, 104,
1 4.
1.5.98 to 23.682OCO
1/ iee/Di.i/200 o
ID*-, Booiaram, KtfdaX Ti6t-50232so
T H E G A Z E T T E , M/so Tata Teleservlces L t d ., 5-9-62,
AP/32e3l
1.4.98 to 23.6.200C
1 5.
1/187/DLI/2OOO
O F
I Kham Lateef Kham e s t a t e, Fateh Mahdan Rd.# Hyd"rabaa-50OO01.
N D
I
A
,
J
AP/24019
1 6, , H/s. Global Balk Druges 4. Aipecbemicais L t d .,
1/1E8/DLX/2OOO
1.5,96 to 30.4,99 &
1.5.99 to 23,6*2000
Dlgwal V i l l a g e, Kohlr Mandal Medak D i e t ., AP-502321.
A N U A R Y
1 3
, , " / s. Sri G.C.S.R. Collage, pajam s ri kakuiam 17,
1,4,97 to 31.3,2000
1/189/DLI/2OOO
2 0 0
AP/yp/
28897
D i s t ., 532127.
, M / S, E . P . F, Procese F i l t e rs fc Accumulators
)
(
AP/26O67
ie,
V19O/DL1/2OOO
1,10.96 to 3 0 . 9 , 99 &
1.10.99 to 23.6.2000
P A U S A Pvt, L t d ., 5S-A, CIP (Expre) jandiNagar, Hyderabad-500037.
2 3
,
1 9 2 2
)
[
P A R T
f f l
—
S E C
.
4PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) 627 S C H E D U LE - II
1. The employer in r e l a t i on to each of the said establishment
(Hereinafter referred to as the employer) ahan submit auch
returns to the Regional Prvidcnt Fund Comiasioher concurred and
maintain auch account and provide such f a c i l i t i es for inspection,
as tho Central Provident rMnd Commissioner may d i r e ct from time
to time,
2., The employer s h a ll pay such Inspection charges as th"
Central Govt., may from time of time, d i r e ct undtr clause (a)
Sub-Section (2A) of Section 17 of tho "aid Act, within 15 days
from the c l o se or evmry month.
• All oxpeneea involved in the administration of the-Group
Insurance Scheme, including maintenance of account, submission o£
returns, payment o£ insurance premift, transfer accounts, payment
of i n s p e c t i on charges, e t c. shall be borne bynthe employer.
4, The employer ahail display on th* Notice Board of the
establishment, copy o£ the rules o£ the Oroup lnsur*n"© Scheme "a
approved by the Central oovfcrnmetntjScentrai Provident Pund
Commissioner as And when amended alongwith translation of salient
feature thereof in the languAgt: of the majority of the employees,
5, Mhero"a an .employee, who is already a member o£ the
Employees Provident Fund or tho Provident Fund of an establishment
exempted undwr the said Act, is employed in his ootabliahment the
employer s h a ll immediately admit Mm
Xnaurana* Scheme and pay nectias^ry premium in r"."p"ot of. him
to L i fe Insurance Corporation of India.
6, The employer s h a ll arrange to enhi"r.a* "-.>w bena£it"
a v * i l * b l" to the employt>^s aundtr the '""•:. J Tns.r&ncc Scheme
oppfopr"tely it tbo bon"£ito available < tn" omplgycws under
a aid Scheme aro enhanced so that the Utnoflti *v-ana^l" under
Oroup Insurance Sohem* aro more £4vovu'&bl" to tho employees
thftn tho benefits admlasihlo under trim ft^id 8oh"m".
628 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART m—SEC. 4
7. Not .'withstanding anything contained iri the Group Insurance Scheme,, i£ on the- death of an employees the, .amounts payable under the Scheme tie l e ss than the amount th^t would bte payable/had the employees been covered under the said Scheme, the employer shall pay tv
8. No amendment of the provisions of the Group Insurance Scheme shall be made without the prior approval of t^e Regional Provident Fund Commissioner concerned ana where any amendment is l i k e lv to effect adversely the i n t e r e st of the employees his approval / give & reasonable; opportunity to the employuee to explain pOjimt Of view.
9. Therefor*? any reason the employee of the said establishment do not remain covered under the Group Insnurance Scheme of th© Life Insurance Corporation of India as a ready adopted by the said establishmentt for thy benefits to the employees under this scheme are reduced in any manner, the exemption shall be liable to be cancelled.
10. Where for any reason, the employer f a l ls to pay the premium e t c .# within the due dat"$, as fixed by the Life Insurance Corporation of India, and the policy ia allowed to iapse# the exemption shall bi l i a b le to be cancelled.
11. In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance benefits to f-ie nominee (s) Legal heir (s) of dtcesaed member who would have been covered und^r the said Scheme but for grant of t h is exemption' shall bu that of the employer,PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) M9
12. Upon the death of the member covered under the Group
Insurance Scheme, this Life Insurance Corporation of India
shall ensure prompt payment of the sum assured to the nominee (s)
Legal heir (s) of the deceased Member entitled for it and in
any case within one month from the receipt of claim complete
in all respect.
<^**&_
( S. RAGHURAM )
REGIONAL PRCVIDENT FUND COMMISSIONER
No.2/1959/DLI/E,vE:3?/B9/Pt. 3^953
5.0 .Whereas the employers of the establishment mentioned Ii% Schedule-I (Hereinafter referred to as the
said establishment) have applied for exemption under Sub- Section 2(A) of Section 17 of the Employees' Provident fund a Miscellaneous Provisions Act, 195?. (19 of 1952 ) hereinafter referred to as the said Act,
And whereas the Central Provident Fund Cniamieaioner, is.satisfied that the employees of the said establifthmentc are., without making any seperate contribution or payment of premium in enjoyment of benefits* undsr thoL Group
Insurance Scheme of the Life Insurance Corporation of India in the1 nature of Life Insurance which are ,more favourable to such employees than tho benefits admissible Under the Employees' Deposit Linked Insurance Scheme,1976 (here-
inafter referred to ,\s the said Scheme),
Mov' therefore, in exercise of the power conferred by Sub-Soction 2 ( M) of Section 17 of the caid Act In
continuation of Govt, of India, the Ministry of Lab*ur/
C,P,FX Notification N^,and date shown against the name
6 3 0
SCHEDULE-II
;. Date of
No. Mane & Address of the e s t t.
Code No.
s.
l ie No.
expiry
period c;
for f
Exenption
No and date of Govt
Notification vide
which exemp.wa^e
granted/ex t" nted.
6/34/96
31.1.2000
KN/6607
1.
1.2.2OOOtc
23.6.2000
2/1959/DLl/Ex*m/98
Pt.I it.10,11,98
M/s. Suprewe Motors B"ln*atta Road
Mangaiore-575001,
31,10.99
6/27/97
Ido-
KN/2004
2.
1.11.99to
23,6.2000
M / S. Beta P i a st engineering Works
Baifcampady, Hangalore.
dt. 3.7.98
T H E G A Z E T T E
O F
I
6/33/9*
-do-
31.1.2000
KN/2147
3.
M / B. Arvind Motors P v t. i t d .,
Baiamatta, Mangalore-57001.
1.2.2000to
23.6,2000
dt. 10.11.98
N D
I
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
[
P A R T
I I I
—
S E C
.
4PART IH—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 631
S C H E D U L E - II
X. The employer in relation to each of the said establishment
(hereinafter referred to as the Employer) shall submit ouch
returns to thfe Regional Prvidcnt Fund Comlssiorwr concerned and
maintain such account and provide such f a c i l i t i es for i impact ion,
a" tho Central Provident j?und Commissioner may direct from time
to time.
2, The employer shall pay such inspection charges as the
* Control Oovt. , may from tints of time, direct under elausc (a)
Sub~Seation <2A) of Section 17 of the said Act, within 15 days
from the close of every month*
3* All oxpenees involved in the administration of the-Group
Insurance Scheme, including maintenance of account, submission o£
returns, payment, of insurance pxremia, transfer accounts, payment
of Inspect Ion. charge* o t c. shall be borne bynthe employer.
4. "h* employer shall display on th* Notice Board of the
establishment, copy.of the rules of the Group Insurance* Scheme as
approved by the Central &ov
Commissioner as and when amended along with translation of salient
feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a mem bar of the
Employeen Ptovldent IPund or tho Provident fund of an establishment
eaaempted under the said Act, is employed ip his establishment the
employer shall immediately admit him as a mambar of the Group
Insurance Soheme and pay necessary premium in respeot of him
*-to Life Insurance Corporation of India.
6.. The employer s>iaii arrange to enhance, the benefits
• "v"llable to the employees sunder the Group rhsutynoc Scheme
opproprat"ly if the bone f it a available to the -emoloycfts under
said Scheme are enhanced so that the benefits available under
Group Insurance Schem* are more favourable to tho employees
than the benefits admissible under the said Scheme.
632 THE GAZETTE OF INDIA, JANUARY 13,2001 (PAUSA 23,1922) [PART III—SEC. 4
7. Not 'withstanding anything contained in1 the Group Insurance Scheme., if on the death of an employees the, Amounts £$yable under the Scheme be l e ss than the- amount th*t would bb payable, "had the employees been covered under the said Scheme,, tho umploy^r shall pay the difference to the nominee (s) legal neirCs) of the, employees as compensation.
8. No amendment of the provision© of the Group Insurance Scheme shall bo made without the prior approval of t^e Regional Provident Furifl Commie si oner concerned &ncT where afty amendment io l i k e ly to effect advo'rfecly the i n t e r e st of tha employees his approvalt give a reasonable; opportunity to the employees to explain point of view.
9. Therefore, any reason tho employ©* of the said establishment do not remain covered under the Group Insurance Schem* of the Life insurance Corporation of India as a ready adopted by the said establishment, for tht! benefits to th" employees under this scheme ara reduced in any manner, the exemption shall be liable to be cancelled,
10. Where for any reason, tht employer fails to pay the premium e t c ., within the due date, as fixed by the Lif" Insurance Corporation of I n d i a, aixi the policy ia allowed to lapse, the exemption shall be l i a b le to bo cancelled.
11. In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance benefits to tH© nominee (s) Legal heir (a) of decesaed mamber who would have been covered under the said Scheme but for grant of t h is exemption shall lot: that of the employer,PART HI—SEC 41 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 633 135, Uppn t he d"afchr.©f- t he member ocivare<^ under t he Group XJMBUC4MX" Scheme, t h is Life iTimW^hOQ Corporation of India s h a ll enmire piTQfjpfc pa^uwnt of t he sum assure^ to t he nominee (a) Legaj, H"ir(a) of t he derto"0"d•member e n t i t l ed for it and in any ca"e w i t h in pne month from the r e c e i pt of claim complete in a il ra^poote*
( s. RAGHVRXM*}
REGIONAL PROVIDENT FUND COMMISSIONER
No.2/1959/DLI/&,E.5P/B9/Pt, 1/2960
5*0
..Whereas the employers of the establishment mentioned in Schedule~I (Hereinafter referred to as the said establishment) have applied for exemption under Sub- Section 2(A) of Section 17 of the Employees' provident fund & Miscellaneous Provislpns Act,195?. (19 of 1952 ) hereinafter referred to as the said Act.
And whereas the Central Provident Fund C^fiwisaionerj.
i s . s a t i s f i ed that the employees of the said establishment* are, without maKing any seperate contribution or payment of premium in enjoyment of benefits undar the' Group
Insurance Scheme of tho Life Insurance Corporation of India in the1 nature of L?fe Insurance which are more favourable to such employees than the benefits admissible Under the Employees' Deposit Linked Insurance Scheme,1976 (here- inafter referred to as the said Scheme).
Nor therefore, in exercise of the power conferred by Sub-Section 2{H) of Section 17 of the said Act in
continuation of Govt, of India, the Ministry of Labour/ C.P.F.C Notification N",and date shown arpinst the name rf each oC the said astablishrrten ;s from the conditions specified in Schedule-II ann--:eu hctoto the Central Provident Fund Commissioner hereby exempt each of the said estaiJlishment from the operation of a ll ttte provisions ""f the said
scheme ": further psi^od of 3 years as indicated in*
attached Schedule-I against their names.
6 3 4
SCHEDULE-I
| S.No i | Name and Address of the Establishment | Code No. | No. and Date of Govt. Notification vide which Exemption was granted/Extended | Date of Expiry | Period for Exemption | C.P.F.C.'s File No. |
| 1 | M/s. Mohan Meakin Ltd., . Solan Brewery, Solan, Himachal Pradesh. | HP/11851 | 35014/251/86-SS- nd ated &1.10.86 | 20.10.89 | 21.10.89 to 20.10.92, 21.10.92 to 20.10.95, 21.10.95 to 20.10.98, 21.10.98 to 23,6.2006 | 2/252/DLI/88 |
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
[
P A R T
H
I
—
S a c
.
4PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 635 S C H E D U LE - II
1. The employer In relation to each of the tfaid establishment
(hereinafter referred to as the employer) t h an submit such
returns to the Regional Prvident Fund Comissiofler concerned and
maintain such account and provide such f a c u l t i es for inspection,
as the Central Provident Fund Commissioner may direct from time
to time.
2, The employer shall pay such inspection charges as the
Central Govt., may frcrn time of time, direct undtr clause (a)
Sub-Section (2A) of Section 17 of the said Act, within 15 days
from the close of every month.
All expenses involved in the administration of the Group
Insurance Scheme, including maintenance of account, submission o£
returns, payment of insurance premia, transfer accounts, payment
of inapection charges e t c. shall be borne bynthe employer.
4, The employer shall display on the Notice Board of the
establishment, copy of the rules of the Group Insurance Scheme as
approved by the Central <;ovftrnmeintj!5centrai Provident Fund
Commissioner as and when amended alongwith translation of saiient
feature thereof in the language of th^e majority of the employees.
5, Whereas an employed, who is already a memb&ir of the
Employees Provident Fund or thtv Provident Fund of an establishment
exempted under the said Act, is employed in his establishment the
employer shall immediately admit him as a member of the Group
Insurance Scheme and pay necessary premium in respect of him
to Life Insurance Corporation of India.
6, The employer shall arrange to enhance the benefits
available to the employees aunder the Group Xnaurftfice Scheme
opproprately if the benefits available to the -employees under
said Scheme are enhanced so that the benefits, available under
Group Insurance Scheme are more favourable to the employees
th4n the. benefits admissible under the said Scheme.
636 THE GAZETTE OF INDIA, JANUARY 13, 2001 (fl\USA 23, 1922) [PART HI—SBC. 47. Not .withstanding anything contained iri the Group Insurance Scheme., if on the death o£ an employees th"t Amounts jftyable under the Scheme be less than the amount th*t would, be pay'able^had the employees been covered under the said Scheme, the employ^ shall pay the difference to the nominee (s) legal heir(e) of the, employees as compensation.
8. No amendment of the provisions of the Group Insurance Scheme s^ail be made without the prior approval of the Regional Provident Fund Commissioner concerned and where *fty amendment 1B l i k e ly to effect adversely the i n t e r e st o£ the employees his approval , give a reasonable opportunity to the employoes to explain point of view.
9. Therefore any reason the employee of the said establishment do not remain covered under.the Group Insaurance Scheme of the Life Insurance Corporation of India as a ready adopted by th" said establishment, for th" benefits to the employees undor this scheme are reduced in any manner, the exemption shall be liable to be cancelled.
10. Where for any reason, the employer fails to pay the premium e t c ,, within the due date, as fixed by the Life Insurance Corporation of India, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled.
11. In case of default, if any made by the employer in payment of premium the responsibility for payme-nt of assurance benefits to the nominee (s) Legal heir (s) of dtcesaed member who would have been covered und^r the said Schema but for grant of t h is exemption shall bt; that of the employer^PART III—SEC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 637 12." Upon the death of the member covered under the Group Xneuranoe Sohem-e> t h is Life Insurance Corporation'-cf Xndi& "ShalL ensure $rom£t payment of the sum assured to ths nominw/o I/egal heir(e) of the deceased member e n t i t l ed for it and in any cage within one month from the receipt of claim fconiplete in a ll respect.
( 3. RAG-HtfRAM )
EKGIONAI PROVIDENT FTOTD CCMMISSIONEE Mo ^/19D9/OLI/&,E.^/G9/Pt. 1/2970
S.O... ..Whereas the employers of the establishment mentioned in Schpdule-I (Hereinafter referred to as the
said establishment) have applied for exemption under Sub* J^cfcion 2(A) of Section 17 of the Employees' Provident *und i\ Miscellaneous Frovisipns Act,195?. (19 of 1952 ) hereinafter c?f
And wh^Teas the Cer trnl F'rfivi^ent Fund Commissioner, i s . s a t i s f i ed that the employees of the 33id establishments ar^?, 'Without rndKing any separate contribution or payment of premium In enjoyment of benefits undar the' Group
Insurance? Scheme of thw Life Insurance Corporation of India in the'nature of L^fe Insurance which are more favourable to such employees than the benefits admissible Under the Employees' Deposit Linked Insurance Scheme,1976 (here-
inafter xeferred to as the said Scheme).
^^ov therefore, in exerciz? of the power conferred \,y Sub-Soct\on 2 (O of Section 17 of the said Act in_
continuation of Govt, of Indj a, the Ministry of Lqibaur/
C.p.r.C Notification N^.and date shov;n aQ-ainst the name
rf ^ach oC the said astablishman :s from the conditions
bpscirie-j id Schedule-II ann ;eu h^roto the Central Provident Foni Ccmriiiss loner hereby oxdmpt each of the said establishment from the operation of a ll tMe provisions *f the $aid sc^Gc,.-* t. fur1 her parked of 3 years as indicated in. attached Sch^dul^-I against th^jr nsraes.
34_^419GI/2OOO
6 3 S
SCHKDULE-II
| S-No | Name and Addiess of the Establishment | Code No. | No and Date of Date of Period for I C R F . C ' s Govt Notification Expiry Exemption File No vide which i Exemption was gr an te cl/hxr ended | |||
| 1 | M/s. Anil Starch Products ltd., P.B. No. 110 009, Anil Road, Ahmedabad-380 025. | GJ/1062 | 31.12.97 2/1959/DLI/Exmy 2/4871/93 1.1.98 to 89/Pt.I/2515 /DLI ^ . ^ • 2 0 0 0 Dated 26.10.97 | |||
| 2 | M/s. JEM Industries Ltd . Mogar-388 340, Tal-Anand. Dist Kiieda | GJ/6107 | 31.12.97 Z'2356/89 Dated 6.4.98 1.1.98 to /DLI &•£• 2000 | |||
| 3 4 5 | M/s. L P Gas Equipments Ltd., 1A/1, GIDC, Narmadanagar, Bharuch-392 015. M/s. Vimal Industries, : 5, GIDC Estate. Highway Mehsana-384 002. ; M/s. Jyoti Hospital, Visnagar (N. G ). Dist. 1 Mehsana-384 315. | GJ/9562 GJ/11107 GJ/1176Q | Dated 18.1.94 31.1.96 ^3859/91 1.2.96 tc 31.1.99, /DL1 1.2.99 to AVG* 20CO 31.7.97 2/1959/Exm./89 1.8 9" to 2/2370/89 /Pt Ml 440 /DLI ^ . ^ 2 0 0 0 dated 9.11.98 Dated 27.1.94 31.1.95 1.2.95 to #4343/92 /DLI 31.1.98, 1 2.98 to 3K-200O i | |||
[
P A R T
I I I
—
S E C
.
4
| 6 | GJ/363 M/s. New Shorrock Mills, Mafatlal Industries Ltd., Textile Division, Nadiad Unit Ahmedabad -387001. | 30.7.94 2/1959/DLI/ExmV 89/Pt.!/448 dated 18.1.94 | ||
| 7 | GJ/14219 M/s. VeparPvt. Ltd., Navroji Vakil Compound Police Line, Shahi Bang, Ahmedabad - 380 004. | Dated 26.10.97 28.2.99 |
G A Z E T T E
O F
I
N D
I
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
,
6 1 4640 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 $ C H E D U LE - II
1. The employer in relation to each of the said establishment (hereinafter referred to as che employer) shall submit such returns to the Regional Prvide-nt Fund Comissioner concerned and maintain such account and provide such f a c u l t i es for inspection, as the Central Provident r'und Commissioner may direct from time to time.
2t The employer shall pay such inspection charges as the Central Govt, , may frcm time of time; direct undt,r clause (a) Sub-Section (2A) of Section 17 of the said Act, within 15 days from the close of every month.
3* All expenses involved in the administration ot r.he Group Insurance Scheme, including maintenance of account, submission of r e t u r n s, payment of insurance premia, transfer accounts, payment of inapection charges o t c, sh^ll be borne bynthe employer. 4, The employer shall display on the Notice Board of the establishment, copy of the rules of the Group Insurance Scheme as approved by the Central Government^Central Provident Fund Commissioner a" and when amended alongwith translation of salient feature thereof in the language of the majority of the employees. 5, Whereas an employee, who is already a member of the Employees Provident Fund or the Provident Fund of an establishment exempted under the said Act, is employed in his establishment the employer shall immediately ad-nit-, him as a member of the Group Insurance Scheme and pay necessary premium in respoct of Kim to Life Insurance Corporation of India.
6, The employer shall arrange to enhance the benefits available to the employees aunder the Group Irwanr^ce Scheme opproprately if t^e benefits available to the employees under said Scheme are enhanced so that the benefits available under Group Insurance Schema im n ta favourable to tho employees than tho benefits aami'^itir under the said Scheme.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 6417. Not .'withstanding anything contained lri the Group Insurance Scheme., i£ on the de^th of an employees the. Amounts jfiyable under the Scheme be less th&n the amount tb>t would be payable/had the employees been covered under the said Scheme, tho employe^" shall pay the difference tc the nominee (s) legal heir(s) of the employees as compensation.
8. No amendment of the provisions o£ the Group Insurance Scheme shall be made without the prior approval of t^e- Regional Provident Fund Cpmmissioncr concerned and" where a;
ny amendment is l i k e ly to effect adversely the i n t e r e st -of the employees his approval/ give a reasonable opportunity .to the employees to explain point of view.
9. Therefore, any reaaon the employee of the said establishment do not remain covered undtfer the Group Ineauranee Scheme of the Life Insurance Corporation of India as a ready adopted by tho said establishment, for the benefits to the employees under this scheme are rechiced in any manner, the exemption shall be liable to be cancelled,
10. Where for any reason, the employer f a i ls to pay the premium e t c ., within the due d a t e, as fixed by the Life Insurance Corporation of I n d i a, and the policy is allowed to lapse, the exemption shall be l i a b le to ibe. cancelled.
11. In case of default, if any made by the employer in payment of premium the r c s p o r s i b i l i ty for payment of assurance benefits to the nominee (s) L.fegai heir (s) of decesaed member who would have been covered undor the said Scheme but for grant of t h is exemption shall be thht of the employer.
642 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC 412. Upon the death of the member covered under the Group Insurance Scheme, t h is Life Insurance Corporation of India shall ensure prompt payment of the sum assured to the nominee (s) Legal heir ( s) of the deceased ""mber e n t i t l ed for it and in any case within on" month from '.,he receipt of claim complete in all respect.
( S. RAGHUBAM )
REGIONAL PRCVIDENT FUND COMMISSIONER
No. 2 / l " 5 9 / D L l / t x " m p / 8 9 / P t . 1 / 2 9 94
SOO . . .. tfhereas t he employer of the e s t a b l i s h m e nt mentioned in Scheduled -I (hereinafter referred to as the said establishment ) have applied for exemption under Sub-Section 2(A) of Section 17 of the Employees' Provident Fund and Miscellaneous Provisions Kct, 1952 <19 of 195*0 hereinafter referred to as the said Act0
The Oa-ntral Provident Fund Coramisslonur is satisfied that the
employees of the said establishments are without making any separate
contribution or payment of premium, in enjoyment of benefits under
the Group Insurance Scheme of the Lifo Insurance Corporation of
India in the nature of Life Insurance which are more favour bale
to such employees than the benefits admissible under the employees'
Deposit Linked Insurance Scheme, 1976 (hereinafter referred to as
the said Scheme ).
Now, therefore, in exercised of the powers conferred by
Sub-Section 2(A) of the Section 17 of the said Act and subject
to the conditions specified in 5chedule-.II annexed hereto,
the Central Provident Fund Commissioner hereby exempt, each of the
said mentioned establishments^ in Schedule-I from the date mentioned
against each from which date relaxation order unAor Para 2&(7)
of the said Scheme has been granted by the Regional Provident
Fund Coromissloner, DOJUM frosi the operation of said
Schema fro a period of 3 (three ) yearso
PART I I I- S EC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 643SCHEDULE-. 1.
Code No.
. N o, Name & A d d r e ss of t he E s t t.
s
C.P.F.C'e
F i le Mo.
Effective
date of
Exarapt Ion
DL/3453
3/207/C.V/2000
1. M/s, N l n i l* and Company P v t. L t d ., L-BlocX, Connaught C i r c u s, New D e l h i - 1.
1.3,95 to
28.2.98 &
1.3.98 to
23.6.2000
3/2O8/C.V/2OOO
DL/3479
2, M/B. Kama Industries Ltd., 10/67 Industrial Area, Klrti Nagar, New Delhi.
3.
DL/19024
3/211/C.V/2OOO
1. 1.94 to
31.12.96 ^
1.1.97 to
31. 12.99 &
1.1.2000 to
23.6*2000
"1.1.98 to
23.6.2000
M/s. Picker India Ltd.,B06-808
Sidhartha^e, Nehru Place, New
Delhl-19.
3/205/C.V/2OOO
4.
DL/7698
1.7.99 to
23.6.2000
M/S. Surya Print Process
Pvt. Ltd., 9/54, Kirti Nagar,
Indl. Area, New i>tflh±-15.
B DL/8642
5.
3/206/C.V/20Q0
1.11.98 to
23.6.2000
M/S. India International Exporter)
Veenus Piaza, llnd Floor, 237,
S"nt Nagar, East of Kailash,
New Delhl-65.
DL/11436
6.
j/2ao/c.v/2ooo M/s. Newage Industries B-66,Mayapuri, Industriaii Are^t', Phase-II, New Delhi-110064.
1.3.91 to '
28.2.94 &
1.3.94 to
28.2.97 &
1.3.97 to
29.2.2000
7.
3/196/C.V/2000
DL/13486
M/s. Bow Nishi Services Pvt.
Ltd., 109, 1 st Floor, Aurobindo
Place Hauz Khas, New Delhi-16.
1.10.91 to
30.9.94 &
1. 10.94 to
30.9.97 C
1.10.97 to
23.^.2000
8.
DL/13918
J/197/C.V/2000
M/a. Alcit India Pvt. Ltd.,
H-16, Udyog Nagar(Near Nangloi)
Rohtak Road, New Delhi-4l.
1.1.92 to :
31.12.94 &
1.1.95 to
31.12.97 &
1.1.98 to
23.6.2000
644 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 43/212/C.V/2OOO
DL/5935
9. M/B. Modern School, BaraXhamba Road, New Delhi-110001.
1.7.86 to 30.6.89 & 1.7.89 to 3O.&.92 & 1.7J92 to 30.6.95 & 1.7.95 to 30.6.98 & 1.7.98 to 23.6.2000
DL/14699
, M / S. Enpro India Ltd.,
3/213/C.V/2OO0 10.
Amba Deep, 19th Floor, K.O. Marg, New Delhi-1
1.1.96 to 31.12.98 & 1.1.99 to 23.6.2000
DL/1724 2
, M/s. The Travel People
3/21^/C.V/2OOO 1 1,
1,12.98 to 23.6.2000
Room No. 16, Hotel janpath Hew Delhi-110001.
3/215/C.V/2000
DL/17315
, M/s. Avro saioa Pvt. Ltd.,
12.
11th Floor, Suiya Kir*n , 19, K.O. Marg, New D"lhi-1
- •
1.4.97 to 31.3.2000 & 1.4.2000 to 23.6.2000PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 645
S C H E D U L K - II
1. The employer in relation to each of the said establishment
(*>er©inafter referred to as the employer) shall submit such
returns to thfe Regional Prvident Fund Comissioner concerned and
maintain a\tch account and provide such f a c i J i t i es for inspection,
as tho Central Provident Fund Commissioner may direct from time
to time.
2. The employer shall pay such inspection charges as the
Central Qovt., may from time ot time, direct undtr clause (a)
Sub-Seation (2A) of Section 17 of the said Act, within 15 days
from the close of every month.
• All expenses involved in the administration of the Group
insurance Scheme, Including maintenance of account, submission o£
returns, payment of insurance pipemia, transfer accounts, payment
of inspection charges o t c . - " h a il be borne byrfche employer.
4. The employer shall display on the Notice Board of the
establishment, copy,of the rules of th" Group Insurance Scheme aa
approved by the Central OovernmentpCentrai Provident Fund
CommiesionoL as and when amended alongwith translation of saiicnt
feature th"reof in the language of the majority of the employees.
5. Whereas an employee, who is airoady a member of the
Employees Provident Fund or tho Provident Fund of an establishment
exempted under the said Act, is employed in his establishment the
employer shall immediately admit him as a mambtor of the Group
Insurance Sohwme and pay necessary premium in respect of him
to Life Insurance Corporation of India,
6. The employer shall arrange to enhance^ the benefits
available to the employees aunder the Group Insurance Scheme
opproprately if the boneflta available to the "employees under
•add Scheme are enhanced so that the benefits available under
group Insurance Scheme are more favourable to tho employees
than tho benefits admia si bio under the said 8ohem*.
35-^ll9GI/2000646 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 7, Not-Withstanding anything contained in the Group Insurance Scheme, if on the death of an employees th*^ Amounts :ayable under the Scheme be l e ss th&n the- amount th^t would be payable/had the employees been covorod under the said Scheme, the ymploy^r shall pay the difference to th© nominee (s) legal heir(e) of the employees as compensation.
8, No amendment of the provisions of the Group Insurance Scheme shall bo m,ad" without the prior approval of t^e Regional Provident Fund Commissioner concerned and where any amendment is l i k e ly to effect adversely the i n t e r e st of the employees his approval, give a reasonable opportunity to the employees to explain point of view,
9, Therefor^ any reason the employee of the said establishment do not remain covered under the Group Insurance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for th" benefits to the employees under this scheme are reduced in any manner, the exemption shall be liable to tea cancelled.
10, Where for any reason, the employer f a i ls to pay the premium e t c ., within the due d a t t, aa fixed by the Life Insurance Corporation of India, and the policy is allowed to lapae, the exemption shall bo l i a b le to be cancelled.
11, In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance, benefits to the nominoe (s) Legal heir (a) of d^cesaed member who would have been covered und'.-r the said Schema but for grant of t h is exemption shall be that of the employer.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) 6471 2. Upon the death•of the member covered under the Group Insurance Scheme, this Life Insurance Corporation of Indi*-shall ensure prompt payment of the sum *tesure* to the nominee (s) Legal HeirCs) of the dert"esed member e n t i t l ed for it and in any case within one month from the receipt *£ claim complete in a ll respect.
( S, RAGfltJRAM7 )
REGIONAL PROVIDENT FUND COMMISSIONER No.2/i959/DLI/E^EJ3?/ri9/Pt.l
S.C whereas the employers of the establishment .mentioned in Schedule-! (Hereinafter referred to as the
said establishment) have apjiliad for exemption under Sub- Section 2(-\) of Section 17 of thp Employees' provident fund & Miscellaneous Provisipns Act,1952 (19 of 1952 ) hereinafter referred to as the said Act.
And whereas tho Central Provident Fund Commissioner, is . s a t i s f i ed thai the employees of the said"establishments ore, without ma If ing any separate contribution or payment of premium in enjoyment of bent;fits undajr tho' Group
Insurance Scheme of the Life* Insurance Corporation of India in the'nature of Life Insurance -'h'ch ars> more favourable to ouch employees tlian tho benefits admissible Under the' Ewployess' Deposit Linked Insurance Schema ,197-6 (hare-
JLnaftftr referred to as the said Scheme),
Mov' therefore, in exercise of thy po\var conferred by Sub-Saction 2 ( H) of Section 17 of the oald Act in
contAnu&tion of Govt, of India, the uinistxy of Labour/
C.P.FX Notification W^.and date shown arpinst the name
<*f oach of the said 'astablishmsn :s from tho conditions specified in Schedule-!!1 ann-/;eu houato the Central Provi-ient Fund Commissioner hereby Gxrjmp'c r?ach of the said est.iiili= inisn I from tho oporatlon of a ll tMe provi&irsns nf the 3 a id
ac^esie z fur Lher -parloci of 3 y^o;:* 33 indicated in.-
sttachod Schedule-I acjainat t'viir nao?o.
SCHEDULE-I
Code No. .Ho.
Name & Address of the Establishment
No. and Date of Govt. Notification vide whicl- Exemption was granted/ extended
HP/2 2
1.
2/1959 'DLl/EXM/89/P-II/ 1538 d^ted 25. 10.96
'At'S. The Indian Sugar & Genar-1 Engg . Corporation, £ smuna N^igcir-lSSi: 1 (Haryarta)
HR/6355 2.
-do- dated 11.2.2000
Ii/s . NcTth West Switchgear (P) L t d ., 14/3, Hathura Road, faridabad, Haryana.
6 4 8 Date of
i Expiry
C . P . F . C 's File No.
Period of Exemption
31.3.96
5/30/2000/ HR/CV
1.4,96 31.3.99 1.4.99
T H E G A Z E T T E
30. 11.2000
O F
I
N D
I
A
,
5/S/S9/HR/
J 31.3.95
1.4.95 31.3.98 1.4.98
30.11.2000
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
[
P A R T
I I I
—
S E C
4 Code No.
s .No. Name & Address of the est1
P A R T
Date of
expirty
C.P.F.C'S
File No.
I I I
—
Period
for
exemption
No.and date of Govt. Notification vide which exemption was granted/extended.
S E C
4 1
HR/19
2/4111/92
30.5.94
J
2/1959/DLl/Exem./
89/Pt.I dt. 23. 1.96
31.5.94 to
30.5.97
T H E . M/s. Atlas Cycle Industry Ltd., Atlas Nagar, Atlas Road, Post Box No. 20, Sonepat (Haryana)
I
G A Z E T T E
O F
I
N D
I
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
6 4 9650 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 S C H E D U LE - II
1. The employer in relation to each of the said establishment (Hereinafter referred to as the employer) shall sufcmit pach returns to the Regional Prvident Fund Comiseioner concerned and maintain such account and provide such f a c i l i t i es for inspection, as the Central Provident j?und Commissioner may direct from time to time.
2. The employer shall pay sucr Inspection charges ae the Central OoVt., may from time of time, direct undtr ejause (a) Sub-Seation (2A) of Section 17 of the said Act, within 15 days from the close of every montn,
3* All expenses involved in the administration of t>t Group Xnsuranee Scheme, including maintenance of account, submission o£ r e t u r n st payment of insurance premia, transfer accountst payment of inspection charges o t c. shall be borne bynthe employer, 4. The employer shall display on the Notice Board of the establishment, copy of the rules of th" Group Insurance Scheme as approved by the Central •Governmcntp'central Provident Fund Commissioner as and when amended alongwith translation of salient feature thereof in the language of the majority of the employees.
5. Whereas an employee, who is already a member of the Employees Provident Fund or tho Provident Fund ot an establishment exempted und"r the said Act, is employed in his establishment the employer shall immediately admit him as a member of the Group Insurance Sohome and pay necessary premium in rtspoct of him to Life Insurance Corporation of India.
6. The employer s>ian arrange to enhance- the benefit* available to the employees aunder the Group rnsurfrncc Scheme opproprately if the benefits available to the -employees under said Scheme are enhanced so th*t the benefits available under Group Insurance Scheme are more favourable to the employees th*n the benefits admissible under the said SQhem".
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 6517. Not .withstanding anything contained iri the Group Insurance Scheme, if on the- death o£ an employees thtj Amounts j^yable under the Scheme be less th&n the- amount th*t would bfe pay able.-nad tho employees been covered under the said Schf.me, the employer shall pay the difference to the nominee (s) legal heirCs) of the employees as compensation.
8. No amendment of the provisions of the Group Insurance Scheme shall be made without the prior approval of t*e Regional Provident Fund Commissioner concerned and" where &ny amendment is l i k e ly to effect adversely the interest of the employees his approvalt give a reasonable; opportunity to the employees to explain point of view.
9. Therefor^ any reason tho employee of the Baid establishment do not remain covered under the Group Inomirance Scheme of the Life Insurance Corporation of India as a ready adopted by the said establishment, for tht; benefits to the employees under this scheme are reduced in flny manner, the exemption shall be liable to be cancelled.
104 Where for any reason, the employer fails to pay the premium e t c ., within the due dat", as fixed by the Life Insurance Corporation of I n d i a, and the policy is allowed to lapse, the exemption shall be l i a b le to be cancelled.
11, In case of default, if any made by the employer in payment of premium the responsibility for payment of assurance benefits to the nominee (s) Legal heir (s) of decesaed member who would have been covered undi.-r the said Scheme but for grant o£ t h is exemption s h an be -that of the employer.
652 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC, 413" Uppn the death "*£ the member ocnw©A wvder the Group
TPJurfflUlHh Scheme, t h is Life Insv\T*i*V>a Corporation of India s h a ll
•nfliir* piPOfjjTte paytffent of the &um assuretf to the nominee (a) Legal
Heir(fl) of the dertoa^ed member e n t i t l ed for it and in any aap©
within one month from th" r e c e i pt of claim complete in an re^peat.
( S. RACJH0RAM J
REGIONAL PROVIDENT FUND COMMISSIOfER
PART ffl—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 653UNIT TRUST OF INDIA
MUMBAI
UT/DBDM/SPD-3 /2000-2001 10 November, 2000
The amendments to the provisions /offer documents of the following schemes:.
1. PEF Unit Scheme 2. Master Gain 92 3. Master Plus-91 4. UGS 10000 5. Equity Opportunity Fund 6. Mastergrowth 93 7. Unit Scheme 92 8. UTI-Growth Sectors Fund 9. Unit Scheme 1995
formulated under Section 21 of the Unit Trust of India Act, 1963 (52 of 1963) and the following plans:
1. UTI-Equity Tax Savings Plan 2. Master Equity Plan 91 3. Master Equity Plan 92 4. Master Equity Plan 93 5. Master Equity Plan 94 6. Master Equity Plan 95 7. Master Equity Plan 96 8. Master Equity Plan 97 9. Master Equity Plan 98 10. Master Equity Plan 99
formulated under Section \9(\) (8) (c) of the Unit Trust of India Act, 1963 (52 of 1963) in relation to the unit schemes made under section 21 of the said Act. approved in principal by the Executive Committee in the meeting held on 27th April 2000 and reported to the Executive Committee at its meeting held on 24th June 2000 are published herebelow.
S CHATTERJI
DEPUT^GENERAL MANAGER
BUSINESS DEVELOPMENT AND MARKETING
36—419GI/2000
654 THE GAZETTE OF TNDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART IU—SEC. 4ANNEXUREI
t i l l- GROWTH SECTORS FUND (UTNGSF)
| ('Inuse No. | Existing provisions | Proposed amendments |
| Highlights Point 0 | Minimum investment in each fund is Rs 5000/- and in multiple of Rs. 1000/- thereafter There is no maximum limit on investment * | Minimum investment in each sector fund is Rs.5000/-. |
| 1 lighlights Point 1 1 | Switchover facility from one or more sector fund(s) to another or vice versa at NAV. | Switchover facility available at NAV or NAV based prices amongst the sector funds and also from one sector fund to other funds/schemes of UT1 as may be permitted from time to time. |
| Units & OtVer Clause V(6) (1 s* sentence) | Every application shall be for a minimum of Rs.5000/- per sector fund and in multiples of Rs. 1000/- thereafter | Initial investment in each sector fund shall be for a minimum of Rs.5000/- and theieafter for such additional amount (not being a fraction of rupee) as the investor may choose. |
| Repurchase/ Switchover of Units Clause VIM (U)(l) | In case an investor wishes to switchover from one sector fund to one or more other sector fund(s) under the UTI-Growth Sectors Fund he may apply for the switchover by submitting his request in the switchover slip duly signed. | In case an investor wishes to switchover from one sector fund to one or more sector fund/s of the scheme or to any other fund/scheme of UTI; as may be allowed, he may apply for switchover in the prescribed manner alonywith the latest statement of account. The switchover will be effected at NAV/NAV based repurchase price as may be decided from time to time. |
| Repurchase/ Switchover of Units Clause VI11 (B)(3) | The switchover from one sector fund to anyone of the sector Minds will be for a minimum of Rs.5000/- and in multiples of Rs 1000/- thereafter. Partial switchover shall be permitted subject to the member maintaining minimum balance of Rs.5000/- (face value) under the fund from which switchover has been effected. | The switchover from one sector fund to any other sector fund/scheme will be for a minimum of Rs.5000/- to be reckoned with reference to the previous day's NAV of that furtd. Partial switchover shall be permitted subject to the member maintaining a minimum balance of Rs. 5000/- under that sector fund from ••which the switchover is made. |
| The minimum amount win be reckoned with reference to the repurchase price applicable as on the working day prior to the date of acceptance of the application for switchover | ||
| Kcpuichase S wit dun LM of I 'mis Cl.iiise VIII (HM-4) | Senior switching will not be permitted for investments under soctlon 54GA / 54EB of the Income Tax Act, 1061 Switchover under such investments can be made only atteri|ie lock-in-period of .1 and 7 years Respectively | Switchover facility will not be available for investment made in the .scheme for the purpose of availing benefits under section 54EA / 54EB of the Income Tax Act, 1961, before the expiry of the lock-in-p-;*! -<* of 3/7 years respectively. |
ANNEXUREII
UTI- EQUITY TAX SAVINGS PLAN
| (liuisi- No. Highlights Point 7 | Existing provisions No provision exists. | Proposed amendments Partial repurchase from the investment made in any year from 1st April of that year to 3 1st March of the succeeding year, after holding the investment for a minimum lock in period of 3 years. |
| 1 lighliyhts Point 8 | No provision exists. | Switchover facility from the scheme tp such other schemes which may be announced by the Trust from time to time or vice versa at NAV or NAV based price. |
| Statement of account Clause V(8) (last sentence of second paragraph ) | Every member will receive an updated statement of account each time any additional purchase or repurchase of units is made. | Every member will receive updated statements of account each time an additional purchase or partial repurchase or switchover of units is made. |
| Repurchase of units ' Clause V l l l ( l ) (da) | No provision exists. | Partial repurchase from the investment made in the scheme between 1st A p r i l t o 31st March, after holding that investment for a minimum period of 3 years is allowed subject to the member maintaining a minimum balance of Rs.5000/- from that year's investment. The amount of the minimum balance will be reckoned with reference to the repurchase price applicable as on the working day prior to the date of acceptance of repurchase application. In case, the balance amount so calculated is less than the minimum requirement, prescribed as above, UTI may compulsorily repurchase/redeem the entire holding of the investor and remit the proceeds to him without he being required to make any fresh application therefor. i) Members under the scheme will' be permitted to switchover their investment from the scheme to such other schemes (after holding that investment for a minimum period of 3 years) or vice versa which may be allowed by the Trust from time to time. In such a case they may apply for the switchover. by submitting their request in the prescribed |
| VIII (A) | No provision exists |
| Composite Services Form (CSF) alongwith the latest statement of account /duly signed unit certificate, if any (ii)The switchover will be effected at NAV or NAV based price as may be decided by the Trust (ii) Partial switchover from the scheme to such other schemes or vice versa which may be announced by the Trust from time to time should satisfy the condition of holding minimum investment limit under both the schemes. The Trust shall retain the Unit certificate, if any, for cancellation and the member shall be issued fresh statement of account of both the schemes | . |
A N N E X U R E I II
I. iMiislcrshnrc IMuv Unil Srhrnir 1991 (Mn.iterplus-91)
| ClliUSC No. | Existing provisions | Proposed amendments | |
| Definitions II (ti) | Number of units deemed to be in issue" means the aggregate of the number of units sold and outstanding. | Number of units deemed to be in issue" means the aggregate of the number of units issued and outstanding. | |
| Definitions II (N) | "Unit" means one .undivided share of the face value of ten Rupees in the unit capital of this scheme. | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. | |
| VIII A | No provision exists | Capitalisation and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu wfth the units in existence on the record date (determined by the Board) in respect of which thev were allotted and issued to all intents and |
| purposes (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise |
2. l;nit Srltciiif 92(US92)
| (Itiiise No. | Existing provisions | Proposed nmendments |
| II (g) II (k) i W i l l A 1I 1 | "Number of units to be issued" means the aggregate of the number of units sold and outstanding" "Unit" means one undivided share of the face value of Rupees ten in the unit capital No provision exists | "Number of units in issue" means the aggregate of the number of units issued and outstanding. "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as Hilly paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. Capitalisation and issue of bonus units (1 )T4ie Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect theieto |
i660 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART ffl—SBO. 4
| aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/' nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
3. iMasin growth Unit Scheme 1993 (Mastergrowth 93)
| Clause No. | Existing provisions | Proposed amendments |
| Definitions 111(10) | "Number of units deemed to be in issue" means the aggregate of the number of units sold and outstanding. | "Number of units deemed to be in issue" means the aggregate of the number of units issued and outstanding. |
| Definition^ 111(17) Definitions III (IS) | "Unit" means one undivided share of face value of 'Rupees ten in the unit capital "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time being, • | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. "Unit Capital1' means the aggregate of the face value of units issued under the scheme and outstanding for the time being. |
| IX A | No provision exists. | Capitalisation and issue of bonus unifs (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve Mind, unit premium reserve or any such reserve including'any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same |
| proportions (2) The sum aforesaid shall be applied, subject to the piovision contained in sub-clause( i), eithei in oi towiiids paying up in lull the units to be issued and allotted credited as full paid up to and amongst Mich members in the proportion afoiesaul (V) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonirs units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pan passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (^) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise |
4. Master Knuity Plan 1991 ( M E P 9 I)
| Clause No. Definitions 2 ( 0 Definitions 2(h) IS \ ol 1 1 SS | U . ) | | Existing provisions "Number of units in issue" means the aggregate of fhe number 6i' units sold and outstanding "unit" means* one undivided share of the face value of Rupees Ten in the unit capital of this scheme No piovision exists | Proposed amendments "Number of units in issue1' means the aggregate of the number of units issued and outstanding "Unit" means one undivided shaie of the face value of Rupees Ten in the unit where the context so requires, a unit paid up bonus unit by capitalising amount standing to the credit of the account ot reserve formed or otherwise scheme Capitalisation and issue of bonus units (1) The Board may approve issue of bonus unit-, by capitalisation of any sum foi to the credit of any icseive |
37-^19GI/200O662 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) . [PART III—SEC. 4
| for the purpose and in the manner specified in sub- clause (2) hereinbeldvv for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in fuil the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements ran,k pari passu with the units in existence on the record date (determined by the Bo'ard>in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
5. Master Equity Plan 1992 (MEP 92)
| Clause No. | Existing provisions | Proposed amendments |
| Definitions 11(0 | "Number of units" to be issued means the aggregate of the number of units sold and outstanding. | "Number of units in issue" means the aggregate of the number of units issued and outstanding. |
| Definitions II (li) | "Unit" means one undivided share of the face value of Rupees ten in the unit capital of this scheme. | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. |
| No provision exists. XXI A of RLSS I"(C | Capitalisation and issue of bonus units (1) The Board may approve issue of bonus units by- capitalisation of any sum for the time being standing |
| 1 1 | to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid-shall be applied, subject .to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts, and, things required to give effect thereto (4) The bonus units so allotted and issued ds aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) irv respect of which they were allotted and issued to all intents and purposes. (5) Options exercised by a Member on the units .under a folio by way of nomination will automatically apply to the bonus units, subject to the member opting otherwise |
fi. Master Equity Plan 1993 (MEP 93)
| Clause No. Existing provisions | Proposed amendments' | |
| Definitions "Number o\' units" to be issued means HHi) the aggregate of the number of units sold and outstandinu | "Number of units in issue" means the aggregate of the number of units issued and outstanding. | |
| Definitions "Unit" means one II (k) undivided share of the face value of Rupees ten in the unit capital of this scheme No pnnision exists XXII A | "Unit" means one undivided share of The face value of Rupees Ten in the unit capital and includes, whare the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme | |
| Capitalisation and issue of bonus units |
| of MI'S 0? | (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
7. Miislcr Equity Plnn 1994 (MEP 94)
Proposed amendments
Existing provisions
Clause No.
Definitions
"Number of units in issue" means the aggregate of the number of units issued and outstanding.
II (c)
"Number of units'" to be issued means the aggregate of the number of units sold and outstanding
Definitions II ID
"Unit" means one undivided share of the face value of Rupees Te:i in the unit capita! and includes, where the context so requires, ,i unit issued as fully paid up bonuu unit by capitalising a part of the amount standing to the credit of the account of the/| reserve formed or othejwise in respect of this, | "Unit" means one undivided share ot* the lace v.ilue of ! Rupees ten in the unit capital o\ this schemePART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 665
| scheme, | |||
| XXII A or i-;i. ss I't'M | No provision exists. | Cnnitnlisntion und issue of^onus u n ^ (1) The Board may approve issue of bonus units by capitaJisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for 'distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) here'mbelow for the members who would have been entitled thereto if distributed by way, of income on the units held by them and in the same proportions.. • (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank- pan passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will autbmatically apply to the bonus units, subject to the member opting otherwise. |
S. Master Equity Finn 1995 (MEP 95)
| ( l;iiisi' No. | Existing provisions | Proposed amendments |
| Definitions IKO | "Number of units to be issued" means the aggregate of the number of units sold and outstanding' | "Number of units issued" means the aggregate of the number of units issued and outstanding. |
| 1 Mimlinns II (I) | "Unit" means one undivided share oi' the face vuluc of Rupees ten in (he | "Unit" means one undivided share of the face value of Rupees Ten , in the unit capital and includes, where the context so requires, a unit issued as fully, paid tip bonus unit by capitalising a pait of the |
| XXIV \ | unit capital of this scheme No provision exists | amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme Capitalisation and issue or bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid iip to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Member on the units under a folio bv way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise |
9. Maislcr Kquity Plan 1999 (MEP 99)
Proposed amendments
Existing provisions
(hiiisc No.
Ik-lmitions "Number of units deemed to be in
II k-j
"Number of units deemed to be in issue" means the aggregate of the number of units issued and remaining outstanding
issue ' means the
iiuuicuale o! ll">c
number of units
sold and icm.unmL!
outstandingPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) 667
| , Definitions- M(i) | "Unit" means one undivided share of the face value of Rupees ten in the unit capital | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme | |
| Definitions Mil) | "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time being | "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being, | |
| VII A | No provision exists. | Capitalisation and issue of bonus uu|fj (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to Ije so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5):Interest created/ options exercised by a Member on the units' under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
10. Kf|iiily Opportunity Fund 19% (EOF 96)
| Oinisr No. 1 Vlmition4* 1 1 ( 1 ) | Existing provisions "Unit" menus one undivided share of the face value of Rupees ten in the unit capital | Proposed amendments "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitaJising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. |
| Definitions II (m) | "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time beiny. No provision exists | "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. Capitalisation and issue of bonus unjjfs, (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve Hind, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for 4he purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of ' income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents nncl purposes • (5) Interest created/ options exercised In H Member on the units under :i folio by way of pledge/ \ |
nomination will automatically apply to the bonus
units, subject to the member opting otherwise.
I I. I ll Kcpiily l ux Savings Plnn ( U T 1 - E T S P)
| Cliiuse No. | Kxisting provisions | Proposed amendments | |
| Definitions 111(7) | "Number of units deemed to be in issue" means the aggregate of the number of units sold and remaining outstanding. | "Number of units deemed to be in issue" means the aggregate of the number of units issued and remaining outstanding. | |
| Definitions I I K M ) | "Unit" means one undivided share of the face value of Rupees ten in the unit capital . | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. | |
| IX A | No provision exists | Capitalisation and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub-clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid uo to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Hoard) in respect of which they were allotted and issued to all intents mid purposes. |
38—419GI/2000670 THE GAZETTE OF INDIA, JANUARY 13. 2001 (PAUSA 23, 1922) [PART ni—SEC. 4
| (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to" the bonds units, subject to the member opting otherwise. |
12. Unit Scheme 1995 (US 95)
| - ( I n use No. Definitions ;ii(i7) | Existing provisions "Unit" means one undivided share of the face value of Rupees one hundred in the unit capital. | Proposed amendments "Unit" means one undivided share of the face value of Rupees one hundred in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. |
| Definitions III (IS) | "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the . time being. | "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. |
| IX A | No provision exists | C,iDitnlis:ition and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hercinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as lull pajd up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as |
| j |
| aforesaid will as regards rights and entitlements rank Dari Dassu with the units in existence on the record dale (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
13. PEF Unit Scheme
| ( h u s o No. | Existing provisions | Proposed amendments |
| Definitions IH(k) | "Number of units in issue" means the aggregate of the number of units sold and outstanding. | "Number of units in issue1 means the aggregate of the number of units issued and outstanding. |
| Definitions niui) Definitions H i d ) | "Unit" means one undivided share of the face value of Rupees Ten "Unit Capital" means the aggregate of the face value of units sold under the scherne and outstanding for the time being | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. |
| XXXII A i . | No provision exists | Capitalisation nnd issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) Thu sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or |
| towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise. |
14. (;ipit:il Growth Unit Scheme 1992 (Mastergain 92)
| Clsmse No. | Existing provisions | Proposed amendments |
| Definitions •'(i) | "Number of units in issue" means the aggregate of the number oi' units sold and outstanding "Unit" means one undivided share of the face value often Rupees in the unit capital of this scheme . | "Number of units in issue" means the aggregate of the number of units issued and outstanding. "Unit" means one undivided share of the face value of Rupees ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in iwpect of this scheme. |
| Definitions >(n) | ||
| 2S A 1 | No provision exists | Capitalisation and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to llie members of the scheme and that such sum he utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of |
| 1 | income on the units held by them and in the same proportions (2) The sum aforesaid shall be applied, sub|ect to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pan passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Membei on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subiect to the member ontmtz otherwise |
I.". Unit (irmvtli Scheme 10000 (IJGS 10000)
| ( l a u s e No. | Existing provisions | Proposed amendments |
| Definitions Definitions Definitions | "Number of units deemed to be in issue" means the aggregate of the numbei of units sold and outstanding "Unit" means one undivided share of the face value of Rupees ten in the unit capital "Unit Capital" means the aygreyate o! the tacc \ J u e n\" units I sold * undei lhe scheme and outstanding lot the time being | "Number of units deemed to be in issue" means the aggregate of the number of outstanding "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising standing to the credit of the account of the formed or otherwise in respect of this scheme "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstahding for the time being |
\X A
No prov'sioii exists ('iipidilisaliou and issue of bonus units
i
(1) The Board may approve issue of iioiuis units by capitalisation of any sum for the time beiny standing to the credit of any reserve fund, umt premium icseive or any such reserve including any amount available for distnbution to the members of t!ie scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- cliHise (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3)', either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise H>. liTI- (Ji'ovt'th Sectors IMHHI
Proposed amendments
Kxistmq provisions
i-'i;ui-se No.
"Number of units deemed to be in issue" means the Doi'mihoiis
1
aggregate of the number of units issued and •'Numbtii o\' units deemed to be in
I II ( 1)
outstanding
issue means the
aggregate oi' the
numbci o\' units
sold and
1 outstanding
|
"Unit" means'one undivided shaie of the face value "CiMt" means one
O'limi'pns
of Rupees Ten in the unit capital o\' each '>f the 1 undivided sluie of
lli(U)
hccor Hinds anci includes, where the context so ' the face \alue often
i'.ippees in ihe unit j reqlines, a ur.it issued as fully paui up bonus unit byPART HI—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 675 capital of ciu'li of capitalising a part of the amount stjindiny to the Ihe sector funds of credit of the account of the reserve formed or llns scheme
otherwise in respect of particular sector fund (s). No piovisjon exists CiioilnliMilion nnri is.suc of hniiiis units
(1) The Hoard mav approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause \2) hereinbeknv for the members who wo;iM have been entitled thereto if distributed by way of income on the units held by them and in the same proportions, (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid. (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pan passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (.S) Interest created/ options exeicised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise.
17. Mjislir Kquity Plan 19% (MEP-%)
Proposed amendments
| C'liiiisc No. IhTniilioiis II in) | Existing provisions "Number of units deemed to be in issue" means the aggregate of the number of units sold and remaining outstanding | |
"Number of units deemed to be in issue" means the aggregate of the number of units issued and leimiining outstanding
676 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4| Definitions 11(1) 1 V'limtioii.s ll(m) M l (A) | "Unit" means one undivided share of the lace value of Rupees ten in the unit capital "Unit Capital'" means the aggregate of the face value of units sold under the scheme and outstanding for the time being No provision exists | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount si and ing to the credit of the account of the reserve formed or otherwise in respect of this scheme "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. Income Distribution (a) Notwithstanding the growth bdng the main objective of the scheme, the scheme may make income distribution as may be decided by UTI. (b) Such of the unitholders whose names appear in the register of unitholders as at the close of registers prior to the declaration of income distribution by the scheme shall be entitled to receive the income so distributed under the scheme, i (c)The income distributed by the scheme shall be i paid through ECS, wherever such facility is available or by a cheque/draft or warrant encashablc at the branches of such bank/s as UTI may specify (d ) In case of declaration of income distribution, the Income Distribution Warrants shall be despatched within a period not exceeding 42 days from the date of declaration/record date of such distribution |
c) Bunk p{ir"icnlars of investors & Electronic
Clenrinij Service (ECS) ;
i) In order to avoid fraudulent encashment of Income Distribution Warrants/repurchase cheques/ maturity proceeds cheques, SEB1 has made it mandatory lor investors, in their own interest to give bank particulars. Accordingly, all unitholders in cities announced by UTI from time to lime are required to furnish particulars of their bank account (i c nature of account, account number and name of the bank branch) The unitholders are also required to furnish the () digit bank and branch MICR code no. in the application form for availing of PX"S credit a> indicated under (li) belowPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 677
| ii) Currently ECS facility is being made available to investors residing in cities whose names are decided by UT1 frorn time to time for direct credit to' the unitholder's bank account at tjie respective centres if the amount of a single instrument does not exceed Rs 5,00,000/-, presently. This amount may be increased/decreased as may be decided from time to time. In such case (he investor will be issued an advice giving details of such direct credits to his bank account. In case the number of investors from a centre are found not sufficient enough or for any other reasons, the Trust may not pay the income through "ECS". | |||
| Ml B | No provision exists. | Cnnitfllisation and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve, including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub- clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions. (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid, (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes. (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the. bonus units, subject to the member opting otherwise. |
IS. Miislir K<|iiily Plain IW7 (MEP-97)
39—419GI/2000678 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART IH—SEC. 4 i
| Clniiso No. | Existing provisions | Proposed amendments |
| DiTmitioiis 11(1) | "Number of units deemed to be in issue" means the aggregate of the number of units sold and remaining outstanding | "Number of units deemed to be in issue" means the aggregate of the number of units issued and remaining outstanding. |
| Dclinitioiis 11(1) | "Unit", means one undivided share of the face value of Rupees ten in the unit capital | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. |
| Definitions ll(m) | "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time being. | "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. |
| M (A) | No provision exists | Income Distribution (a) Notwithstanding the growth being the main objective of the scheme, the scheme may make income distribution as may be decided by UT1. (b) Such of the unitholders whose names appear in the register of unitholders as at \\\e close of registers prior to the declaration of income distribution by the scheme shall be entitled to receive the income so distributed under the scheme, (c)The income distributed by the scheme shall be paid through ECS, wherever such facility is available or by a cheque/draft or warrant encashable at the branches of such bank/s as UTI may specify: (d ) In case of declaration of income distribution, the Income Distribution Warrants shall be despatched within a period not exceeding 42 days from the date of declaration /record date of such distribution. e) Bank particulars of investors & Electronic Clearing Service (ECS); i) In order to avoid fraudulent encashment of |
| Income Distribution Warrants/repurchase cheques/ maturity proceeds cheques. SEB1 has made it mandatory foi investors, in their own interest to give hank particulars Accoidmgly, all imitholder.s in cities announced by UT1 from time to time arc icquued to furnish particulars of their bank account (i e nature of account, account number and name of the bank branch) The umtholders are also required to furnish the 9 digit bank and branch MICR code no in the application form for availing of ECS credit as indicated under (n) below II) Currently ECS facility is being made available to investors residing in cities whose names are decided by UTI from time to time for direct credit to the unitholder's bank account at the respective centres if the amount of a single instalment does not exceed Rs 5,00,000/-, presently This amount ma\ be increased/decreased as may be decided fiom time to time In such case the investor will be issued an advice giving details of such direct credits to his bank account In case the numbei of investors from a centre are found not sufficient enough or foi any other reasons, the Trust may not pay tne income through "ECS" | ||
| \ l B | No provision exists | Capitalisation and issue of bonus units (11 The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to {he members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub-clause (2) hereinbelow for the members who would have been entitled thereto if distributed by way of income on the units held by them and in the same proportions (2) The sum aforesaid shall be applied, subject to the provision contained in sub-clause(3), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid O) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue ot tullv paid-up units as bonus units, and generally 6o all acts and things required to give effect theieto (4) The bonus units so allotted and issued as aloresaid will as reyards rights- and entitlements |
| rank pari passu with the units in existence on the record date (determined by the Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting (Otherwise. |
I'). Master Equity Plan 1998 (MEP-98)
| C'liiuse No. | Existing provisions | Proposed amendments |
| Definitions M (c) | "Number of units deemed to be in issue" means .the aggregate of the number of units sold and remaining outstanding. | "Number of units deemed to be in issue" means the aggregate of the number of units sold and remaining outstanding. |
| Definitions •I (i) | "Unit" means one undivided share of the face value of Rupees ten in the unit capital. | "Unit" means one undivided share of the face value of Rupees Ten in the unit capital and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserve formed or otherwise in respect of this scheme. |
| Definitions IK.i) | "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time being. | "Unit Capital" means the aggregate of the face value of units issued under the scheme and outstanding for the time being. |
| XI (A) | No provision exists | Income Distribution (a) Notwithstanding the growth being the main objective of the scheme, the scheme may make income distribution as may be decided by UTI. (b) Such of the unitholders whose names appear in the register of unitholders as at the close of registers prior to the declaration of income distribution by the scheme shall be entitled to receive the income so distributed under the scheme (c)The income distributed by the scheme shall be |
| paid through ECS, wherever such facility is available or by a cheque/draft or warrant cncashable at the branches of such bank/s as UTI may specify. (d) In case of declaration of income distribution, the Income Distribution Warrants shalJ be despatched within a period not exceeding 42 days from the date of declaration/record date of such distribution. e) Bnnk Darticulars of investors & Electronic Clenrins Service (ECS): i) In order to avoid fraudulent encashment of Income Distribution Warrants/repurchase cheques/ maturity proceeds cheques, SEBI has made it mandatory for investors, in their own interest to give bank particulars. Accordingly, all unitholders in cities announced by UTI from time to time are required to furnish particulars of their bank account (i.e. nature of account, account 'number and name of the bank branch). The unitholders are also required to furnish the 9 digit bank and branch M1CR code no. in the application form for availing of ECS credit as indicated under (ii) below. ii) Currently ECS facility is being made available to investors residing in cities whose names are decided by UTI from time to time for direct credit to the unitholder's bank account at the respective centres if the amount of a single instrument does not exceed Rs.5,00;000/-, presently. This amount may be increased/decreased as may be decided from time to time. In such case the investor will be issued an advice giving details of such direct credits to his bank account. In case the number of investors from a centre are found not sufficient enough or for any other reasons, the Trust may not pay the income through "ECS". | |||
| xi n | No provision exists | Capitalisation and issue of bonus units (1) The Board may approve issue of bonus units by capitalisation of any sum for the time being standing to the credit of any reserve fund, unit premium reserve or any such reserve including any amount available for distribution to the members of the scheme and that such sum be utilised or distributed for the purpose and in the manner specified in sub-clause (2) hereinbelow for the members who would have been entitled thereto if |
distributed by wa*y of income on the units held by them and in the same proportions. (2) The. sum aforesaid shall be applied, subject to the provision contained in sub-clause(.l), either in or towards paying up in full the units to be issued and allotted credited as full paid up to and amongst such members in the proportion aforesaid (3) The Board may accordingly make appropriations and applications of the sum decided by it to be so capitalised by allotment and issue of fully paid-up units as bonus units, and generally do all acts and things required to give effect thereto. (4) The bonus units so allotted and issued as aforesaid will as regards rights and entitlements rank pari passu with the units in existence on the record date (determined by (he Board) in respect of which they were allotted and issued to all intents and purposes (5) Interest created/ options exercised by a Member on the units under a folio by way of pledge/ nomination will automatically apply to the bonus units, subject to the member opting otherwise.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 683U T / D B D M / S P D - 5 1 /A /2000-2001 14 November, 2000
The amendments to the provisions of the Unit Scheme 1964 (US-64) formulated under section 21 of the Unit Trust of India Act, 1963 (52 of 1963) approved by Executive Committee of the Board of Trustees of the Trust, at its meetings held on 15tn December, 1999(on transfer of unit certificates without transfer deed) to come into immediate effect and on 27th July, 2000 (on issue of membership advice/statement of account in lieu of unit certificate) to come into effect from 1st September, 2000 is published herebelow.
S CHATTERJI
DEPUTY GENERAL MANAGER
BUSINES&DEVELOPMENT AND MARKETING
684 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART m—SEC. 4ANNEXURE
| SR. NO. | SUB- CLAUSE TO BE INSERTED | UNDER CLAUSE TITLE | SUB-CLAUSE | |
| 1. | (ccca) | DEFINITION Immediately after (ccc) | "Member" used as an expression under the scheme shall mean and include - (i) the Applicant who has been admitted under the scheme on or after 1st September 2000 as a holder of the units evidenced by the Register of Members: and (ii) the existing holder of units under uni< certificate(s) who, on partial repurchase of units represented by the uni certificate^) on or after 1st September 2000 entered in the Register of Membe as holder of the balance units and issuei membership advice or statement o account, as the case may be, in lieu o unit certificate. | |
| 2. 3. | DEFINITION Immediately after (f) | In this scheme, after 1st September 200( unless the context otherwise requires, i appropriate places, the term "Unitholder/V shall include "Member/s" and the ten "Register of Unitholders" shall incluc "Register of Members" also. | ||
| 4(5)(d) | APPLICATIONS FOR UNITS Under Sub-Clause (5) immediately after (c) | Membership advice will be issued - (i)in respect of all investments made in tl scheme on or after 1st September 200 and (ii)in respect of balance units arising out partial repurchase of units represented the unit certificate(s) on or after 1 September 2000 and will be sent by post. The Trust will r incur any liability for loss, damage, m |
| delivery or non-delivery of the membership advice so sent. A membership advice valid evidence of admission of the applican into the scheme. Provisions of Clauses 14, 14A, 18, 19, 22A 22B, 23 and 23A shall apply mutati mutandis to units allotted to the members a evidenced by the Register of Members. Notwithstanding the above, the Trust ma; from such date as may be decided by tf Executive Director, issue statement c account in lieu of membership advice i respect of units sold to / repurchase partially from a member from time t o ^ n as evidenced by the Register of Members, such intervals and in such form and mann 1 as may be decided by the Executive Direci from time to time, and all provisions of t scheme applicable to units held by member as evidenced by the Register Members will apply to units indicated in ;. statement of account mutatis mutandis. On issue of statement of account, reference to membership advice provisions pertaining to membership adv shall be deemed to refer to and pertain statement of account and shall apply &$v mutandis. Notwithstanding the above, a unit certifu will be issued in respect of whole or par the units standing to the credit of a merr in the Register of Members on spec request of the member, made in such for prescribed from time to time by the Tr subject to the condition that the request unit certificate should be for a minimui 200 units and the balance of the unit any, remaining under the members should be a minimum of 200 units anc existing membership advice should |
4 r\ 4 •* r\j~i j f^tr\/-\f\
686 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) • [PART III—Sue. 4| surrendered alongwith the request for unit certificate and the Trust will issue fresh membership advice in respect of balance units. Unit certificate(s) will be issued within 7 days of the receipt of the request. | |||
| 4. | 4(7) . | APPLICATIONS FOR UNITS Immediately after (6) | Notwithstanding anything to the contrary, in respect of the units standing to the credit oi a member in the Register of Members, the facility of transfer of units through the Stock Exchange/s, where the scheme is listed, wil be available only on the member opting fo and obtaining unit certificate(s) therefor. |
| 5. | 6 | SALE OF UNITS After the existing Clause | Notwithstanding the above, in respect oi units sold on or after 1st September 200C membership advice will be issued indicating the number of units sold and standing to th credit of the member in the Register c Members. |
| 6. 7. | 7(5) 8A(0 | REPURCHASE OF UNITS Immediately after (4) TRADING OF UNITS Immediately after (e) | In respect of units standing to the credit of Member as evidenced by the Register o Members, the Trust shall on receipt of th repurchase application, in such form as ma be stipulated by the Trust from time to tiirn along with the membership advice repurchase all or any part of the uni indicated in the repurchase form and tr restrictions and conditions stipulated f repurchase of units under unit certificate detailed above shall apDlv mutatis mutanc to such repurchase. Membership advice submitted as abo- shall be retained by the Trust t cancellation and, in the event of parti repurchase, the Trust shall issue a fre membership advice indicating the balan units standing to the credit of the member the Register of Members. A member desirous of liquidating un. standing to his credit in a Stock Exchan will have to opt for and obtain u |
| certificate(s) in respect of the units prior t liquidating the units in the Stock Exchange | ||||||||||||
| CONVERSION 9A 8. OPTION TO UNIT HOLDERS OF1 OTHER MATURED SCHEMES TO INVEST IN US 64 After the existing Clause | Provided that in respect of conversic taking place after 1st September 200* membership advice will be issued in respei of units, subject to the rights, restriction limitations and privileges set out under th scheme for members. | |||||||||||
| ISSUE OF BONUS 9B 9. UNITS After the existing Clause | Provided that in respect of bonus units th may be issued after 1st September 200 membership advice will be issued for bo unitholder/s and member/s subject to rig of exchanging same for unit certific. request. | |||||||||||
| FORM OF 11A 10. MEMBERSHIP ADVICE | Membership advice shall be in such form may be decided by the Executive Director the Trust. | |||||||||||
| MANNER OF 13A 11. PREPARATION OF MEMBERSHIP ADVICE | Membership advice may be engraved lithographed or printed and may be sign by such authority on behalf of the Trust the Executive Director may from time time decide. | |||||||||||
| EXCHANGE OF 15C 12. MEMBERSHIP ADVICES AND PROCEDURE WHEN MEMBERSHIP ADVICE MUTILATED, DEFACED, ETC. REGISTER 16A 13. MEMBERS | In the case of units standing to the credit a member as evidenced by the Register Members, for the purpose of consolidati of holding under various membershii issue of new membership advices in\i place of mutilated, defaced. It membership advices, the Trust may c IS upon a member to follow such of i procedures set out in Clause 15, with LOST, without such modifications, as Executive Director of the Trust may fri time to time decide'. | |||||||||||
| The following provisions shall apply OF regards registration of members : (1) A register of the members shall be k by the Trust at its offices and there si be entered in the register - (a) the number of the members advice and the number of ui standing to the credit of the member |
| (b) Name and address of the lf member, (c) Name of second holder; (d) Holding pattern; (e) Name of the nominee ; (f) Date of admission to membership; (2)Thc restrictions stipulated in Clause 1 applicable to unit certificate(s) an unitholderfs) shall applv mutatis mutand to membership advice and units applie for / standing to the credit of a member. | ||||
| 14. | 20(1) | TRANSFER OF UNITS Third Proviso to clause 20(1) | Provided further, that under speci circumstances, the Trust may allow transfc of units without an instrument of transfer o such terms and conditions as may r specified by the Trust. | |
| 15. | Proviso to 20(2) | TRANSFER OF UNITS Under clause 20 (2) | In case of partial transfer, if the Transfer does not indicate his option in tl Instrument for Transfer, then he will 1 issued Membership Advice for the balan units standing to his credit after the trans ft A Transferor who has been issu Membership Advice can exchange the sar for Unit Certificate subsequently, if desires. Such Membership advices will be sent H post. The Trust will not incur any Habil for loss, damage, mis-delivery or nc delivery of the Membership advice so se A Membership advice is a valid evidence continuation of the Transferor (in respect balance units, if any, standing to his crec and admission of the Transferee into scheme. If the Transferee does not indicate his^opti in the Instrument for Transfer, then he v be issued Membership Advice which he c exchange for Unit Certificati subsequently, if he desires. Provisions of the Scheme shall ap |
| mutatis mutandis to the Transferor and th Transferee in respect of balance units (i any) held / units transferred, as the case ma be, as evidenced by the Register o Members. | |||
| 16. | 20B | TRANSFER OF UNITS HELD UNDER MEMBERSHIP | The requirements and procedure for transfc of Units standing to the credit of a membe as evidenced by the Register of Member shall be as determined by the Chairma: from time to time and the rules framed fror time to time for effective implementation c the procedure. |
UT/DBDM/ R- fc /SPD-102/2000-2001
The amendments to the provisions of the UTl-Bond Fund formulated under section 19(1) (8) (c) of the Unit Trust of India Act, 1963(52 of 1963) in relation to the unit scheme, the UTT- Bond Fund Scheme made under section 21 of the said Act, approved by Executive Committee in the meeting held on 08/06/99 to come into effect from 1st October, 1999 is published herebelow.
S CHAllTERJI DEPUTTGENERAL MANAGER BUSINESS DEVELOPMENT AND MARKETINGPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 691
Annexure
1. Following to be added under the heading ^Highlights' as item 8th &\9th
respectively as:
• Folio Account to facilitate 'Systematic investment'.
• Option for Monthly Withdrawal Plan' (MWP) under the v Systematic
Withdrawal Flan'.
2. The following paragraph is inserted as the last para of Clause XII titled
Membership Advice/Unit Certificate/Statement of Account.
The member who opt for the MWP under UTI Bond Fund, will be provided with a statement of account indicating the investments and monthly repurchase for the period from first payment to the next March. Subsequent annual statements of account will be issued after all monthly repurchases during a period April-March every year. The statement will be issued by 31"l May every year.
3. The existing Sub clause (8) and (9) under the clause IX on 'Repurchase of
units' be amended as under
(8) Monthly Withdrawal Plan
The MWP option introduced under the 'Systematic Withdrawal Plan' of the Fund provides members a facility to receive monthly payment, through ECS or by post-dated cheques where ECS facility is not extended by the Trust currently. Such payments will be made for a period of six months at a time.
A. The Broad terms of the MWP are as under:
i) Minimum investment: - Rs.30,000/-. No maximum limit.
ii) Eligibility: Available from the beginning of immediately succeeding calendar quarter on completion of 6 months of the above minimum investment.
iii) Monthly payments: Will be released twice in a year for 6 months each on 1st January &l"lJuly or 1st April & 1=>< October or 1st July & 1st January or 1st October & 1st April depending on the date of completion of the 6 months of the minimum investment.
iv) Valuation date: For reckoning the amount of monthly payment, the date of valuations will be 15th March, 15th June, 15th September & 15th December being the preceding month to the relevant calendar quarter.
v) Monthly payment: The amount of monthly payments will be determined on the basis of difference between the value of the investment of Rs.30,000/- or more on the valuation date as mentioned above, as well as the amount of the subsequent investment, if any, under a folio and the NAV of such investment/s as on the 15th of the month preceding the relevant quarter divided by six. Resultant amount in paise, if any, will be ignored.
vi) Methodology: All members whose investment/s of Rs.30,000/- or more have completed 6 months on or before 15thSeptember, 1999 are eligible for monthly payments from lblOctober, 1999. For the purpose of arriving at the amount of the monthly payment, the difference of NAV of number of units outstanding as on 15th692 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 September, 1999 and the NAV of same number of units as on 15th March 1999 will be taken.
vii) If there were any subsequent investment/ s made during the intervening period between 15th March 1999 and 15lh September 1999 under that folio, such units will also be considered. The total difference, calculated as above, will be divided by 6 for arriving at the monthly payment.
Illustration: If a member has made initial investment/s of Rs.30,000/- or more on 18th January, 1999 which completed 6 months on 18th July, 1999, he / she was eligible to get monthly payment under the MWP from 1st October,1999. Further, if he has made subsequent investments of Rs.20,000/- on 22/2/99 and Rs.10,000/- on 10/7/99, his amount of monthly payment has been calculated as under :
| n " a t e | NAV (Rs.) | Amount (Rs.) | Number of Units |
| 18.01.99 | 10.8184 | 30000 | 2773.053 |
| 22.02.99 | 10.9351 | 20000 | 1828.973 |
| Valuation of units as on 15.03.99 | 11.0118 | 50676.59 | 4602.026 |
| Additional investment on 10.07.99 | 11.5101 | 10000 | 868.802 |
| Total (A) | - 60676.591 | 5470.828 | |
| Valuation of units as on 15.09.1999 (B) | 11.7215 64126.314 | 5470.828 |
Monthly payment = (B - A) / 6
=(Rs.64124.314 - Rs.60676.591)/6 - (Rs.3449.72) / 6 = Rs.574.95 (paise will be ignored)
Monthly payments from 01.10.99
onwards till 01.03.2000 is Rs. 574
viii) Monthly Redemption of units: On the first working day of each month, based on the NAV of the unit, appropriate number of units equivalent to the amount of the monthly payment has been repurchased on First In First Out (FIFO) basis and the unitholder's account has been debited to that extent.
ix) Scenario for the next six months: Monthly payments under the above illustration for the subsequent 6 months will be based on the difference in the NAV of the outstanding units as on 15th-March, 2000 and the NAV of the same number of units as on 15* September, 1999. In case of any additional investment(s) during the intervening period, the difference in the NAV as on 15th March and that of such additional tnvestment(s) will also be considered for monthly payments & so on. The monthly payments from 01.04.2000 to 01.09.2000 will be as per the illustration given below:
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 693| Date | NAV (Rs.) | No. of units before payment | Monthly Payment | Units Withdraw n | No of units Out- standing |
| 01.10.1999 01.11.1999 01.12.1999 01.01.2000 01.02.2000 01.03.2000 15.03.2000 | 11.7839 11.8925 12.0091 12.1223 12.2853 12.4871 12.4735 | 5470.828 5422.118 5373.852 5326.055 5278.704 5231.982 5186.014 | 574 574 574 574 574 574 | 48.711 48.2hh 47.747 47.351 4b.723 45.967 | 5422.118 5373.852 5326.055 5278.704 5231.982 5186.014 518O.0I4 |
Calculation of monthly amount to be paid from 01.04 2000 to 01.09.2000: = (NAV on 15.03.2000 - NAV on 15.09.1999)* No. of outstanding units. = (12.4735-11.7215)*5186.01 = 3899.87952 Monthly payments from 01.04.2000 onwards till 01.09.2000 = 3899.87/6 = 649.98 (paise will be ignored) i.e. Rs.649
x) Termination of MWP: a) Investors can opt out of the MWP by an advance notice of withdrawal foi a period of at least one month and return the unpaid monthly cheques, if any, to the Trust alongwith the request for withdrawal. A charge of Rs.10/- per unencashed cheque, if any, will be recovered from the repurchase proceeds.
b) If the member intends In ropun hase / Lansfer entire / part of his investment during the currency of the MWP, he will cease to be a member of the plan and his remainii o monthly payments through };O> will Iv stopped. If he has been issued monthly cheques, he will be required to surrender all the remaining unencashed cheques before effecting the repurchase. For each such cheque, a charge of Rs.'IO/- will be recovered from the repurchase proceeds.
xi) How to opt for MWP An applicant can opt for MWP by ticking the appropriate box in the application form. MWP option can also be availed at a later date by a letter of request, quoting the folio number of the member. xi) Rollover facility Under this facility, the member can repurchase entire or a part of his outstanding unit holding and invest the entire proceeds.or upto face value of units repurchased on the same day / next working day at the same NAV. No contingent deferred sales charge will be payable on the proceeds reinvested in the scheme under the rollover facility. This is with a view to enabling members to recognise the capital appreciation as income/gain in their books periodically.
(9) Bank particulars & ECS
i. It is mandatory for an investor to give full particulars of his bank account, such as, nature of account, the account number and name and address of the bank branch along with the pin code at the appropriate place in the application form.
No application for sale /repurchase of units will be accepted/processed without bank particulars
41-^19GI/2000
694 . THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4ii. Reserve Bank of India has introduced ECS for direct credit of amounts to the bank accounts of the members. Currently, this facility is available to investors from Ahmedabad, Ballabhgarh/ Faridabad, Bangalore, Baroda, Bhopal, Bhubaneshwar, Calcutta, Chandigarh, Chennai, Hyderabad, Indore, Jaipur, Jamshedpur, Ludhiana, Mumbai, Nagpur, New Delhi, Pune, Shimla, Siliguri, Surat and Thrissur, (number of centres may be added/deleted progressively) for credit to their bank accounts maintained at the respective centres and where the amount of one single instrument does not exceed Rs.5,00,000/-.The investors will be givert a statement giving details of credit to his bank account.
iii. The bank branch of the investor will credit the investor's account and indicate the credit entry with "ECS" in his passbook/statement of bank account. The applicant residing at the aforesaid centres are required to furnish name and address of bank branch, nature and number of account, 9 digit bank and branch MICR code number in the application form.
iv. In case the number of investors from the aforesaid cities are not sufficient enough or for any other reasons, the Trust may pay the income distribution by issue of income distribution warrants incorporating bank account details instead of paying income through "ECS" at any or all the above centres.
v. Income Distribution to Non Resident Indian investor
Incorrte under the plan shall be paid as per the Exchange Control Regulations. The present position regarding payment of income is as follows:
a) The warrant can be issued in the name of the member and sent to a relative who is resident in India for crediting the NRE/NRO account of the member, as the case may be. OR
b) The warrant can be issued in the name of a relative who is resident in India and sent to him for being credited to his account. In case of an NR1 investor where payment is required lo be made in favour of his resident relative, the bank particulars of such relative's bank account should be furnished.
_jvi. ECS facility is also available to NRI investors who have their own bank accounts in Mumbai. For those NRI investors who wish to credit Income Distribution to their resident relative's account, ECS facility could be extended to them at places as indicated in clause (ii) above,PART HI—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 695 IK-/J-
UT/DBDM/SPD-119-^2000-2001 14th November, 2000
The offer document of the Monthly Income Plan 2000 (Third) formulated under section 19(1) (8) (c) of the Unit Trust of India Act, 1963(52 of 1963), in relation to the unit scheme, the Monthly Income Scheme 2000(Third) made under section 21 of the said Act, approved by the Executive Committee in the meeting held on June 24, 2000 is published herebelow.
S CHATTERJI
DEPUTY GENERAL MANAGER
BUSINESS DEVELOPMENT AND MARKETING
696 THF GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) (PART III—SEC. 4The Mohthly Income Plan 2000 (Third) has been formulated under section 19 (1) (8) (c) of the Unit Trust of India Act 1963 (52 of 1963), in relation to the unit scheme, the Monthly Income Scheme 2000(Third) made under section 21 of the said Act by the Board ot Trustees of UTl This offer document sets forth concisely the Information about the scheme that a prospective investor ought to know before investing The offer document should be retained for future reference.
The scheme particulars have been prepared In accordance with Securities and Exchange Board of India (Mutual
Funds) Regulations, 1996, as amended till date, and filed with the SEBI, and the units offered for public subacription
have not been approved or disapproved by the SEBI, nor has the SEBI certified on the accuracy or adequacy of the
offer document.
Objective of tho scheme
T h is is an m c o mu <•• \ a n \ < n" JJi " an T he P l an a i ms at m e e t i ng t he n e e ds of I n v e s t o rs by p r o v i d i ng r e g u l ar i n c o me on a m o n t h l y/ annual basis, or uimulatiur of Income over a period of five years
H I G H L I G H TS
• A five year close end Income plan • The plan is open to both Residents and NRIs • The plan offers three options a) Monthly Income Option b) Annual Income Option & c) Cumulative Option.
U The face value of a unit is Rs 10/- and units will be sold at par
• Minimum investment Is Rs 10,000/%
U Declaration of income distribution and despatch of income distribution warrants/ cumulation of Income distribution under the three options will be as follows
| Period applicable 1st November 2000- 31st March 2001 1st April £001 - 31st October 2001 1st November 2001 - 31st March 2002 Each subsequent April - March till 2005 1st April 2005 - 31st October 2005 1st November 2000 - 31st October 2001 1st November 2001 - 31 st March 2002 | Rate of Income distribution 9 75 %p a 9 75 % p a To be announced in March 2001 To be announced in March each year To be announced in March 2005 1020% pa To be announced In March 2001 | Warrant(t) despatch/ Cumulation of Income With the Membership Advice March / Apnl 2001 March / April 2001 March / April 2002 and so on March / April 2005 March 2001 March / April 2002 |
| Each subsequent April - March till March 2005 131 April 2005 - 31st Octoper 2005 1st November 2000- "31st October £'001 1st November 2001 ' J 1st March 2002 Each subsequent Apn March till March 200f 1M April P00^ 31s1 October 2005 | To be announced in March each year To be announced in March 2005 10 20% pa To be announced in March 2001 To be announced m March each year To be announced in March 2005 | March / April 2003 and so on With maturity proceeds October 2001 March / April 2002 March / April 2003 and so on OctoDer 2005 |
Q For the period from the date of acceptance of an application to 31st October, 2000, Investors under all the three options will be paid, Income distribution @ 9.75% p.a.
Q Income distribution at specified centres (currently 22) will be made through ECS and at other places by Jssue of Income Distribution Warrants.
• Units of the scheme to be listed on the Wholesale Debt Segment of the NSE.
• Repurchase under all the three options can be made from 1st November, 2003 at the NAV based repurchase price.
• The capital Invested In the scheme Is protected at maturity when units will be redeemed at NAV or at par
value, whichever is higher. The Development Reserve Fund (DRF) of the Trust guarantees this capital
protection. There Is no such guarantee for repurchases which may be made between 1st November, 2003
to 31st October, 2005 and repurchase price In such cases will be based on the prevailing NAV.
• Income distribution and repurchase / redemption proceeds payable to NRI and OCB investors Is fully repatriable, If they make investment by remittances from abroad or by debit to their NRE account or by a cheque/draft issued out of proceeds of the FCNR deposits and they continue to be NRI at the time of such payment / remittance.
• Currently income distribution, If any, received by all the categories of investors under all the schemes/plans of the Trust is totally free from tax under Section 10(33) of the Income Tax Act, 1961.
• Under the current tax laws, there is no deduction of tax at source from Income distribution by UTI, for all categories of IrWestors, Irrespective of the amount of Income received by an Investor from the scheme. As per Finance Act 2000, the scheme, Is required to make an income distribution tax at 20% and surcharge of 10% thereon on the amount of Income, if any, distributed by it after 01.06.2000 under Section 115R of the Income Tax Act, 1961.
Q Value of investment in units under the scheme is totally free from the levy of Wealth Tax.
• The Gift Tax Act, 1958 has abolished the levy of Gift Tax in respect of gifts made on or after 1st October, 1998.
Thus, gifts of units of UTI will not attract any levy of Gift Tax.
• Long term capital gains, If any, arising on repurchase of units cf the schemes are currently taxable at 20 % + surcharge after factoring cost inflation indexation or at a flat rate of 10 % + surcharge as may be opted for by the investor.
• Eligible for investment of sale proceeds arising out of transfer of long term capital assets sold/ transferred till 31/3/ 2000, under section 54EA of the Income Tax Act, 1961 provided such Investment Is made within six months of such saleAransfer, units arising out of such investment can be repurchased/ transferred/ pledged only after the expiry of the lock-In period of three years from the date of commencement of the scheme.
II. DUE DILIGENCE CERTIFICATE
Due Diligence Certificate submitted to SEBI for MIP 2000 (Third)
It Is confirmed that:
J. the draft offer document forwarded to Securities and Exchange Board of India Is In accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time;
II. all legal requirements connected with the launching of the scheme as also the guidelines, Instructions, etc. Issued by the Government and any other competent authority in this behalf, have been duly complied with;
III. the disclosures made In the offer document are true, fair and adequate to enable the investors to make a well Informed decision regarding Investment In the proposed scheme;
IV. all the intermediaries named In the offer document are registered with SEBI and till date such registration is valid.
Sd/-
AJeet Prasad
Date : 06.07.2000 Place : Mumbal
Compliance Officer
With seal698 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 III. DEFINITIONS
of Foreign Exchange Management (Deposit) Regulations, 2000.
In the scheme and plan made thereunder unless the context otherwise requires:
(I) "Number of units deemed to be In Issue" means the aggregate of the number of units sold and remaining outstanding.
(a) "Acceptance date" with reference to an application made by an applicant to the Trust for sale or repurchase of units by the Trust means the day on which the Trust, after being satisfied that such application Is complete in all respects, accepts the same;
(b) The "Act" means the Unit Trust of India Act, 1963
(52 of 1963).
(m) "Overseas Corporate Bodies (OCBs)", means a company, partnership firm, society and other corporate body owned directly or Indirectly to the extent of at least sixty percent by Non-Resident Indians and includes overseas trust in which not less than sixty percent beneficial interest Is held by Non-resident Indians directly or indirectly but irrevocably.
(n) "Person" shall Include an eligible Institution as
defined above.
(c) "Alternate applicant" In case of minor means the parent other than the parent who has made the application on behalf of the minor.
(o) "Registrars" means a person whose services may be retained by the Trust to act as the Registrar and Transfer Agents under the scheme from tfme to time.
(d) "Applicant" means a person who is eligible to participate In the scheme and plan made thereunder who Is not a minor and shall include the alternate applicant mentioned in the application form when units are sold for the benefit of a mentally handicapped person and makes an application under Clause V of the plan.
(p) "Regulations" means Unit Trust of India General Regulations, 1964 made under Section 43(1) of the Act.
(e) "Date of commencement" of the five years term of
the scheme/plan is 1st November 2000.
(q) "SEBI" means the Securities and Exchange Board of India set up under the Securities and Exchange Board of India Act, 1992 (15 of 1992).
(r) "SEBI (MF) Regulations" means the Securities and (f) "Eligible institution" means an eligible trust as defined In the Unit Trust of India General Regulations 1964.
Exchange Board of lndla(Mutual Funds) Regulations, 1996 framed by SEBI in exercise of powers conferred under Securities and Exchange Board of India, Act 1992 as amended from time to time.
(g) ^Flrm", "partner" and "partnership" have the meanings assigned to them In the Indian Partnership Act, 1932 (9 of 1932), but the expression partner shall also include any person who being a minor is admitted to the benefits of the partnership.
(s) "Society" means a society established under the Societies Registration Act of 1860 or any other society established under any State or Central law for the time being In force.
(h) "Listed" means the listing of units for the purpose of trading on the Whole Sale Debt Market Segment of the NSE or any other stock exchange/segment as may be decided with the approval of SEBI.
(t) "Trading" means the dealing in buying or selling units through the stock exchange after the first allotment of units.
(u) "Unit" means one undivided share of the face value
of Rupees ten In the unit capital.
(i) "Member" used as an expression under the scheme and plan made thereunder shall mean and include the applicant who has been allotted units under the scheme.
(v) "Unit Capital" means the aggregate of the face value of units sold under the scheme and outstanding for the time being.
(w) "Unit Trust" or Trust" or "UTI" means the Unit Trust (]) "Mentally handicapped person" means any individual who suffers from mental disability of such a nature which prevents him from carrying out normal activities of life.
of India established under Section 3 of the Act.
(x) All other expressions not defined herein but defined In the Act/ Regulations shall have the respective meanings assigned to them by the Act/ Regulations.
(y) Words Importing singular shall Include the plural and all reference to masculine gender shall Include the feminine and vice versa.
IV. RISK FACTORS
• Mutual Funds and securities investments are subject (k) 'Non Resident Indian (NRI)" means a person resident outside India who is a citizen of Indla-or Is a person of Indian origin. A person shall be deemed to be ' person of Indian origin If he is a citizen of any country other than Bangladesh or Pakistan, (a) If he at any time held an Indian passport or (b) he or either his parents or any of his grand parents was a citizen of India by virtue of the Constitution of India or the Citizenship Act , 1955 (57 of 1955) or (c) the person Is a spouse of an Indian citizen or a person referred to in clause 2 {(xli) (a) or (b)}
to market risks. There Is no guarantee for protectionPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 699 of capital on repurchases between-1st November, 2003 to 31st October, 2005 as the repurchase price In such cases will be based on the then prevailing NAV.
Q As with any Investment in securities, the NAV of the units issued under the scheme oah go up or dpwn depending on the factors and forces affecting the capital markets.
• Performance of previous schemes/plans Is not necessarily an Indication of future results.
Q Monthly Income Plan 2000 (Third) [MIP 2000(Third)] Is only the name of the plan and does not in any manner indicate the quality of the plan.
Therefore, during the period of the scheme, the return may be paid out of capital and to that extent NAV could be lower.
• The assurance of returns under this scheme is given on the basis of guarantee provided by the Development Reserve Fund (DRF) of the Trust. The size of the DRF as on 30.06.2000 was Rs. 1069.97 crore as against investlble funds of Rs. 26268.96 crore as on 30.06.2000 under 22 schemes that have assured returns with the guarantee of DRF. About 63.33% of the assets of DRF are In equities, 20.77% in debt and 15.89% are in Money Market instruments.
V. UNITS & OFFER
• Like in all listed close end schemes there Is a risk of Infrequent trading and possibility of market price of units being at a discount to NAV.
• Derivatives; Trading in derivative securities like options & futures is a highly specialised activity and entails greater than ordinary investment risks. Even though the plan intends to use the activity of Investing In derivatives only for portfolio hedging and balancing purposes, the overall market In these segments could be highly speculative due to the actions of the other participants in this market. The success of dealing In derivatives depends upon the ability of the fund manager in predicting the future movement of the market and if the fund manager is incorrect in their prediction the performance of the fund could diminish compared to what it would have been if this investment strategy had not been used.
1. This scheme shall be called the Monthly Income Scheme 2000(Third) [MIS"2000(Thlrd)] and the plan formulated under this scheme shall be called Monthly Income Plan 2000(Thlrd) [MIP2000 (Third)].
2. The scheme shall be for a period of five years from 1st November, 2000 to 31st October, 2005.
3. Units will be on sale from 30th August, 2000 to 13th October, 2000 for 45 days. Provided, however, the Executive Committee of the Board of Trustees of the Unit Trust / Chairman may suspend the sale of units under the scheme earlier at any time In circumstances like war, disruption of trading in stock exchanges and other socio-economic factors after giving 7 days notice through newspapers or in such other manner as may be decided by the Unit Trust.
4. The face value of each unit Issued under the scheme shall be ten rupees.
5. Application for units
• Investment In overseas market: The success of Investment in overseas market depends upon the ability of the fund manager In understanding of those market conditions and analysing the Information which could be different from Indian markets. As this would Involve operations In foreign markets there could be exchange rate fluctuations risk besides market risk.
• Stock Lending: It is one of the means of earning additional Income for the plan with least risk. The risk could be In the form of non-avallabillty of ready stock for sale during the period the stocks remain lent. The plan could also be exposed to risk through the possibility of default by the borrower/Intermediary in returning the securities. However, the risk would be adequately covered by taking In of suitable collateral from the borrower by the intermediary Involved in the process. The Trust will have a lien on such collateral. The Trust will also have other suitable checks and controls to minimise any risk Involved In the securities lending process.
• The Trust has been following the practice of paying returns under the MIP out of the unit capital and members who repurchase units before maturity may get a lower NAV on account of this practice.
Application for units can be made by residents as well as NRIs as under:
(I) a resident individual or an NRI either singly or Jointly with another or up to two other individuals on Joint/ any one or survivor basis,
(II) a parent, step-parent or other lawful guardian on behalf of a resident or a NRI minor. An application cannot be made by an adult and minor jointly, (iii) an eligible institution as defined under the scheme Including Private Trust being irrevocable trust and created by an instrument in writing,
(iv) an Individual for the benefit of another individual who is a mentally handicapped person,
(v) a society as defined under the scheme,
(vi) a body corporate Including a company formed under the Companies Act, 1956 and banks,
(vll) a Hindu Undivided Family (HUF) both resident and non-resident,
(viii) an Army/Navy/Air Force/Paramilitary Fund, (ix) a partnership firm,
(An application by a partnership firm shall be made by nqj more than three members of the firm and700 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4
10. Transfer/Pledge/Assignment of Units
the first named person shall be recognised by the Trust for all practical purposes as the member.) and (x) an Overseas Corporate Body owned by NRIs to the extent of at least 60%.
6. - Minimum amount of Investment
Application shall be made for a minimum of Rs. 10,000/- under all options. There will be no upper limit. For investments not in multiple of Rs.10A, units will be allotted In fractions up to three places after the decimal. In case of investment of Rs.50,000/- and above, the resident or a NRI Investing out of non-resident ordinary account Is advised to furnish Income Tax P.A.N./ G.I.R. number and I T Circle address If he/ she is having so.
A membership advice Is not transferable/pledgeable/ assignable. The member desirous of selling units through stock exchange or Intending to transfer the units may write to the Registrar for exchange of the membership advice with unit certlficate/s as mentioned in paragraph 9 above. The unit certificate/s so issued will be transferable/ pledgeable/asslgnable subject to the following terms:
(i) The transfer is in favour of categories of investors as mentioned under paragraph V (5) above.
(II) Transfers are effected only by and between transferors and transferees who are capable of holding units. The Trust shall not be bound to recognise any other transfer.
7. Target amount of the Issue
Amount of Rs.50 crore Is targeted to be raised under the scheme.
If the targeted amount is not subscribed, the Trust shall refund the entire amount collected under the scheme by account payee cheque/refund order not later than six weeks from the date of closure of the sale of units under the scheme. In such an event the Investors will not be entitled to get the Income distribution of 9.75% p.a. for the period from the .date of acceptance to the date of closure of the sale. In the event of failure to refund the amounts within the above period stipulated, the Trust shall be liable to pay Interest to the applicants @ 15% p.a. from the 43rd day of the date of closure of sale of units till the date of refund.
(iii) Duly stamped prescribed transfer deed with the relative unit certificate and unencashed Income distribution warrants subsequent to and Inclusive of the month of transfer (In case of monthly Income option) are returned to Registrar. Any transfer deed lodged with or accepted by any of the offices of the Trust shall be forwarded to the nearest office of the Registrar.
(iv) Every Instrument of transfer Is signed by the transferor (all the transferors In case of joint holding) and the transferee (all the transferees in case of joint purchase) and the transferor shall be deemed to hold units until the name of the transferee Is entered In the register of members by the Registrar.
8. Listing
The units issued under the scheme shall be listed on the Wholesale Debt Segment of the NSE or any other stock exchange/segment as may be decided with the approval of SEBI within six months from the date of closure of subscription. An application for listing shall be made to the stock exchange after dispatch of membership advices to all the valid applicants in the scheme. The marketable lot Is 100 units of face value of Rs.10/- each.
(v) The Registrar may require such evidence as they may consider necessary In support of the title of the transferor or his right to transfer units.
(vl) The Registrar may subject to compliance with such requirements as they deem necessary dispense with the production of the original unit certificate, should it be lost, stolen or destroyed.
(vil) Upon registration of a transfer of units all Instruments of transfer and the unit certificate may be retained by the Registrar.
9. Membership Advice
The Trust shall send a Membership Advice within 6 weeks from date of closure of sale of units under the plan. The member desirous of selling units through stock exchange or transfer the units may write to the Registrar for exchange of membership advice with unit certlflcate/s Indicating whether the unit certificate/9 are required In marketable lots or a single certificate. The unit certificate/ s will be issued within 7 days from the date of receipt of such request by the Registrar.
An NRI applicant may choose any of the following options to receive the membership advice or unit certlflcate/s In exchange of the membership advice:
(I) At his Indian/foreign address, or
(ii) At his relative's address in India, or
(Hi) At his banker In India for safe custody.
(vlli) The Registrar recognising and registering a transfer may issue the original or fresh unit certificate or membership advice and Incpme distribution warrants, If any, (In case of monthly Income option) to the transferee upon payment and realisatlori of such charges as are payable in connection with the transfer.
(Ix) If a transferee becomes a holder of units In an official capacity, by operation of law or a scheduled bank upon enforcement of a pledge, then the Registrar shall, subject to the production of such evidence which In their opinion is sufficient, proceed to effect the transfer If the intended transferee Is otherwise eligible to hold units.
(x) Under special circumstances, holding of units by a company or other body corporate with another company or body corporate or an individual/PART III—SEC. 41 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PADSA 23, 1922) 701 Individuals, none of whom is a minor, will bo considered by the Trust.
(xi) Subject to the provisions contained herein above, the Trust shall register the transfer and return the unit certificate along with income distribution warrants, if any, to the transferee within 30 days from the date of lodgement of the unit certificate together with the relevant instrument of transfer. In case of joint transferees, the unit certificate will be sent to and all payments in respect of the unit certificate will be made only in the name of the first member.
consent in writing and the unit hotders who do not opt for the roll over or have not given written consent shall be allowed to redeem their holdings in full at net asset value based price."
(iii) The Trust may wind up the scheme and the plan made thereunder under the following circumstances:
(a) on the expiry of five years of the scheme I.e. on 31st October, 2005 or on the expiry of such date beyond five years as may be decided by the Trust.
11. Termination/roll over/winding up of the scheme
(b) on the happening of any event which in the opinion of the Trust requires the scheme and the plan made thereunder to be wound up, or and plan made thereunder
(i) The scheme shall stand terminated at close of business on 31st October, 2005, the outstanding units of the members shall be redeemed and the members shall be paid the value of their units at the redemption price to be fixed by the Trust. The redemption will be at NAV or Rs.10/- whichever is higher. The Development Reserve Fund (DRF) will guarantee this capital protection. There will be no such guarantee for repurchases made between 1st November, 2003 to 31st October, 2005 and repurchase price in such cases will be based on the prevailing NAV. Besides receiving the repurchase/redemption price determined as above, no further benefit of any kind either by way of increase in the repurchase/redemption price or by way of Income for any subsequent period to repurchase/redemption date shall accrue to the members.
(ii) However, the Trust with the prior approval of SEBI reserves the right to extend the scheme beyond five years. In such an event the member shall be given an option to either repurchase the units or to continue in the scheme. The Trust may also give the investor an option to convert the redemption proceeds Into any other scheme launched by it or in operation at that time.
The extension of the period of the scheme beyond five years shall be in conformity with sub-regulation 4 of regulation 33 of SEBI (MF) Regulations, 1996. The provisions of the sub regulation are:
"A closed-ended scheme shall be fully redeemed at the end of the maturity period.
Provided that a close ended scheme may be allowed to be rolled over if the purpose, period and other terms of the roll over and other material details of the scheme including the likely composition of assets Immediately before the roll over, the net assets and net asset value of the scheme, are disclosed to the unit holders and a copy of the same has been filed with SEBI,
Provided further that such roll over will be permitted only in case of those unit holders who express their 42--419GI/2000
(c) if 75% of the members of the plan pass a resolution that the scheme be wound up; or (d) if the SEBI so directs in the Interest of the members of the plan.
(Iv) Where the scheme Is wound up in pursuance of Items (b), (c) and (d) of sub-clause (III) above, the Trust shall give notice giving circumstances leading to the winding up of the scheme to SEBI and in two daily newspapers having circulation all over India and also In a vernacular newspaper circulating in Mumbai. at least before e week the termination is effected.
(v) Oh and from the date of advertisement of the termination, the Trust shall -
(a) cease to carry on any business activities in respect of the scheme.
(b) cease to create and cancel units in the scheme.
(c) cease to issue and redeem units in the scheme.
(vl) The Board of Trustees shall call a meeting of the members to consider and pass necessary resolution by simple majority of the members present and voting at the meeting for authorising the Trustees or any other person to take steps for winding up of the scheme.
Provided that a meeting shall not be necessary If the scheme is wound up at the end of the maturity period of the scheme.
(vii) (a) The Board of Trusteos or the person authorised under sub-clause (vl) shall dispose of the assets of the scheme in the best Interest of the members of the scheme.
(b) The proceeds of sale made in pursuance of sub clause (vii) (a) above, shall, in the first Instance be utilised towards discharge of such liabilities as are properly due under the scheme and after making appropriate provision for meeting the expenses connected with such winding up, the balance shall be paid to the members In proportion to their respective Interest in the assets of the scheme as on the702 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 Items
datp when the decision for winding up was taken.
| Items Printing & Postage Publicity, Marketing and Sales Promotion Registrars Charges Bank Charges Total | % of funds raised under the scheme 1.75 3.50 0.50 0.25 6.00 |
Printing & Postage
Publicity, Marketing and Sales Promotion
Registrars Charges
Bank Charges
Total
(vi'i) On completion of the winding up, the Trust shall forward to tho SEBI and the members a report on the winding up containing particulars such as circumstance1' lead'ng to the winding up, the steps taken for disposal of assets of the scheme before winding up, expenses of the scheme for winding up, net assets available for distribution to the members and a certificate from the auditors of the suherrw
The total Initial Issue expenses would be within the limit of 6% of the funds collected in accordance with SEBI (Mutual Funds) Regulations, 1996. Thus for every Rupee invested by an investor, not less than 94 paise will bo invested in the scheme.
(il) Initial issue expenses for the <5',homgs launched
during the last financial year are as follows:
Cx) Notwithstanding anything contained herein above, tha LI .^pUcatlori of the provisions of SEBI (MF) Regulations, 1996 in respect of disclosures of half yeany reports and annual report shall continue until winding up is completed or the scheme ceases to exist.
| beneme UTI-GSEC | Bx*peHIo**T%~dTrJria3 coffScted) 0 32 |
| MIP 99 II MIF 2000 | 2.S3 3.11 |
| ETSP | 4.71 |
(x) After the receipt of the report referred to In item (vili) above, if the SEBI is satisfied that all measures for w "; g up of the scheme have been completed, the scheme shall cease to exist.
(b) The initial issue expenses were borne by the Trust (by charge to DRF) In respect of Nifty Index Fund launched during the last financial year as It was a no load scheme,
2) Recurring expenses
(I) Recurring expenses: The following expenses will be charged to the scheme on a recurring basis. Estimated annual recurring expenses are as under:
(xl) The Trust shall pay the repurchase value JS early as possible but not later than 10 days after the receipt of repurchase request mtmted on the reverse of the membership advlce'unit certificate) duly discharged by the members at the Registrar's office and other procedural and operational formalities are complied with. The membership advice/unit certificate, the repurchase request for repurchase and other forms, if any, shall be retained by the Trust for cancellation.
| Items As % of average veekly NAV | |
| Administrative Expenses 0.90 | |
| Custodial Fees 0.15 Contribution to DRF 0.25 | |
| Staff Welfare Fund 0.10 | |
| Registrars Fees/Processing Charges 0.85 Including Stamp Duty, If any | |
| Total 2.25 |
(xii) In case of non-resident Investors, repurchase/
redemption proceeds will be remitted depending
upon the source of Investment as given below:
(ii) The above are estimates and are subject to change (a) Where units have been purchased out of remittance in foreign exchange from abroad or from the proceeds of the member's FCNR deposits or from funds held in member's Non- Resident Extemal(NRE) Account with a bank In India, the proceeds can be remitted to the member In foreign currency or credited to NRE or Non-Resldent Ordinary (NRO) account or paid to his resident relative in India.
Inter se as per actual expenses incurred.
(iii) The total annual recurring expenses of the scheme excluding amortisation of initial issue expenses and redemption expenses but Including administrative expenses, contribution to DRF and Staff Welfare Fund shall be subject to the following limits :
(b) Where units have been purchased while the applicant was a resident in India or out of funds held in members NRO Account, the maturity proceeds will be sent either to the Investors bankers In India for credit to- his NRO account or to a resident relative of the investor in India.
(a) On the first Rs.100 crore of the average
weekly net assets of the scheme - 2.25%
(b) On the next Rs.300 crore of the average VI. EXPENSES
weekly net assets of the scheme - 2.00%
(c) On the next Rs.300 crore of the average 1) Initial Issue expense*
weekly net assets of the scheme - 1.75%
(d) On the balance of the asset? of (I) Initial Issue expenses of the scheme are estimated to be as under:
the scheme ,
- 1.50%PART ITT—Sec. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA ?"t 1922) 703 (iv) Administrative expenses, contribution to DRF and contribution to Giaif vVelfari Foiid will not exceed the limits specified under clause 2 of regulation 52 of SEBI (MF) Regulations, 1996, namely:
(a) One and quarter of one percent of the weekly average net assets outstanding In each accounting year for the scheme as long as the net assets do not exceed Rs,100 crore, and (b) One percent of the excess amount over Rs.1U0 crore, where net assets so calculated exceed Rs. 100 crore.
3) While UTI does not charge any investment management and advisory fees as provided in the SEBI (MF) Regulations, 1996 It will ensure that the Initial issut expenses and the annual recurring expenses shall remain within the limits specified under regulation 52 of SEBI (MF) Regulations, 1996.
4) Development Reserve Fund (DRF) contribution (i) A &um equal to 0.25% p a. of the weekly average Ne* Asset Value shall be set aside as contribution towards the DRF of the Trust . DRF contribution will be part of the recurring expenses.
(ii) The Trust instituted this fund in the year 1983-84 as a common fund to enable the Trust to meet the expenditure in respect uf research & developmental work In connection with the Introduction of new schemes, Innovation of new systems and procedures at the conceptual stage and also various other production & developmental work not related to or linked with any particular scheme itself, The Fund is also utilised for Economic and Capital Market Research, Management & Professional Training, Surveys and Market Research for the Trust, Marketing and Corporate Image building efforts that are not connected to any specific scheme, Human Resource Development efforts with long term effects and which may relate to the Trust's future activities and for meeting the shortfall, If any, In the assured rate of return of any of the schemes of the Trust as well as the Issue expenses for no- load schemes.
rejected by Trust tor any reason as stated In clause VII (6) of ihis document On such conclusion of the contract for sale, the Trust shall as soot, thoreafter as possible, issue to the applicant a membership advice. A membership advice issued by the Trust to the eligible institution, firm or body corporate shall be made out in the name of the eligible Institution/ firm/body oorporate. The Trust shall not incur any liability for loss, damage, misdelivery or non delivery of the membership advice so sent.
(b) Non-individual applications along with documents will be accepted only at UTI branch otflces/Dubal Representatlva Office.
(r) The Trust shall send the membership advice not later than 6 weeks from the date of closure of sal& of units under the plan.
2. Mode of Payment
(a) The,payment for units by an applicant shall be made by him along with the application In cash, cheque or draft. Where application are submitted at UTI branch offices, cheques or drafts should be drawn on branches of banks within the city where the UTI branch office at which the application Is tendered, is situated.
Provided, however, individual investors whe apply from a place other than where the Trust Sas its branch office/collection centre/franchise office .ttay do so by sending the application to the branch office of the Trust along with a bank draft after deducting therefrom bank charges for purchasing a bank draft up to Rs.25/- or the actual amount incurred by him, whichever Is lower. Bank draft commission charges paid by the Individual Investor In excess of Rs.25/- as stated above will have to be borne by the Investor. The collection centre /franchise office/agency bank are authorised to accept applications along with a cheque payable locally or a demand draft payable at places of the concerned branch office of UTI in which case an individual applicant may deduct bank commission charges to the extent of Rs.25/- or the actual amount Incurred by him whichever Is lower. The draft commission charges will form a part of the Initial Issue expenses of the plan.
5) Staff Welfare Fund (SWF) Contribution
• A sum equal to 0.10^' p.a. of weekly average Net Asset Value shall be set aside as contribution to the SWF. The Trust has instituted the SWF for the welfare of its employees which shall Include relief in distress, medical relief, health relief or tor similar other purposes.
(b) Where payment is made by a bank draft, by a non- Individual applicant the entire commission charges for purchasing a draft will have to be borne by the applicant.
VII. SALE OF UNITS
(c) However, in case of applications received-along with local bank draft where the Trust has its branch office/ collection centre/franchise office/agency bank, bank draft commission will have to be borne by the investors.
1. Sale contract/Issuance of Membership Advice
(a) The sale price of units during the period of offer shall be at par. The contract for sale of units by the Trust shall be deemed to have been concluded on the acceptance date except when the application Is (d) If the paymont Is made by a cheque/draft, the date of receipt of the application will, subject to such cheque/draft being realised, be thfj date on which the application Is received by the bra ich office of the. Trust or authorised collection centre.
704 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4(e) If the application amount is leas than the minimum Investment under the plan, the entire amount shall be refunded to the applicant at his cost ,n such manner as tha Trust may deem fit.
(f) NRIs/OCBs should submit their applications preferably at the NRI Branch, Mumbai, Oubai Representative Office or at any of the Branches of UTI along with NR(E)/NR(O) cheque or a rupoe draft payable at the place where the applicalion is submitted.
(il) An adult, being a parent, step-parent or other lawful guardian of a minor may hold units and deal with them In accordance with and to the extent prc /ided, in sub-section (2A) of Section 21 of the Act, Such adult If so required shall furnish to the Trust, In such manner as may be specified, proof of the age'of the minor and his capacity to hold and deal with units on beha'f of the minor. The Trust shall be entitled to act on the statements made by such adult in the application form without any further proof.
3) Mode of payment for Investment on repatriation
basis
The investment by NRIs/OCBs will carry the right of repatriation of capital invested, income distribution and capital appreciation (if any), as long as the investor continues to be an NRI and provided the Investment Is made by any one of the following modes:
(a) By a draft In rupees Issued in favour of UTI by a bank/exchange house operating outside India drawn on their Indian correspondent bank.
(In) Where an application is made by an individual for the benefit of another individual who is a mentally handicapped person, the Trust shall act on the statements furnished and in doing so the Trust shall be deemed to be acting in good faith. The Trust shall be entitled to deal only with the applicant and In the event of his death, the alternate applicant for all practical purposes and any payment in respect of the units by the Trust to the said applicant or the alternate applicant shall be a good discharge to the Trust.
(b) By a cheque drawn on the Investor's NRE account
maintained with a bank In India.
(c) By a cheque/draft Issued out of the proceeds of
(iv) A firm shall be registered as a member and the membership advice/unit certificate shall be made in the name of the firm.
FCNR deposits.
Note: Payment in Nepalese and Bhutanese currencies are not accepted.
4) Mode of payment for Investment on npn-
repatrlatlon basis
(v) Persons applying for units under the scheme and the plan made thereunder on behalf of a minor/ mentally handicapped person shall satisfy the Trust about their eligibility to make an application and comply with all requirements as laid down by the Trust such as submission of the Birth Certificate In case of minor/Oculist or Psychiatrist Certificate In case of Mentally Handicapped.
(a) Where the funds held In NRO accounts or from the proceeds of NRSR/NRNR deposits are utilised for purchase of units, the funds so invested and capital appreciation (If any), will not qualify for repatriation out of India. Similarly, Investments In units purchased in rupees while the investor was resident of India and becomes non-resident subsequently will not qualify for repatriation of repurchase proceeds of
. units.
(b) As per RBI circular A.D.(M.A. Series) No. 18 dated August 19, 1994 the entire income distribution no such Investment during the financial year 1996-97 and onwards will qualify for full repatriation provided the member continues to be a non-resident. In such cases UTI will make payment in Rupees for credit to NRO A/C. Investors are advised to contact their bankers/tax consultants if they desire remittance of the income distribution on units.
(vi) Applications for units on behalf of bodies like Partnership Firms/Co-operative Societies/Bodies Corporate/Companies shall be accompanied by certified copy of Partnership Deed/Bye-Laws of the Society/Statute governing the Body Corporate/ Memorandum and Articles of Association of the Company (If the same Is already registered with any of the offices of the Trust it Is sufficient to quote the document registration number) together with Resolution of the governing Body authorising investment In the scheme. Names of officials with their designation authorised to sign the application form and attested specimen signatures .of the authorised officials should also be submitted. At the time of repurchase1 of the units, resolution of the governing body authorising repurchase and authorisation of the concerned official(s) of the Body to comply with the formalities and collect' the repurchase cheque will have to be submitted.
'5) Application and registration a" a member of the
plan by eligible Institutions, minors, an applicant
for the benefit of a mentally handicapped person
etc. and requirements to be complied with by
applicants under tha scheme before being Issued
units.
(vii) Person who holds units under a false declaration/ certificate shall be liable to have the membership cancelled and the name deleted from the register of members.
(i) Eligible institutions, bodies corporate, and societies (Including co-operative societies) may be registered as members.
(viii) In aforesaid case as in clause (vii) above, Trust shall have the right to repurchase the units at parPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 705 or NAV whichever Is lower and deduct therefrom 25% as penalty or at such price as may be decided by the Trust and recover the Income Distribution, If any, wrongly paid from out of the repurchase proceeds and return the balance. The amount shall not carry any interest irrespective of the period it . takes the Trust to effect the repurchase and to remit the repurchase proceeds to the applicant.
unit has been made in accordance with the Regulations, the unit shall, on the death of the member(s), vest In the nominee and the nominee shall be issued a membership advice in respoct of the unit so vested subject to any charge or encumbrance over the said units. Payment made by the Trust as aforesaid shall be a full discharge to the Trust from all liability in respect of the said units.
6) Right of the Trust to accept or reject application
VIII. REPURCHASE OF UNITS
The Trust shall have the right at its sole discretion to accept and/or reject application for issue of units under the scheme and the plan made thereunder. The Trust shall reject an application for Issue of units in the following circumstances:
(i) The application is received with less than the minimum investment of Rs.10,000/-.
(ii) The application has not been signed by the first applicant
(III) The applicant Is not eligible to invest in the scheme. Any decision of the Trust about the eligibility or otherwise of a person to make an application under the scheme and the plan made thereunder shall be final.
(iv) In case the application is found to be incomplete, the same will be liable for rejection without incurring any liability, whatsoever, for interest or other sum.
(v) Any application without the first applicant's bank
particulars will be liable to be rejected.
1. There shall be no :epurchase during the first three years of the scheme and plan made thereunder except for settlement of death claim cases. Repurchase of units under the plan will commence after three years from the date of commencement of the plan I.e. from 1st November, 2003 under all the three options. Tha repurchase price will be based on the NAV of unlis (on historic basis) and shall be issued to the press for publication six months from the date of commencement of the plan I.e. on 1st May, 2001 and thereafter on a weekly basis. The repurchase price valid for a week (Monday to Sunday) will be based on the NAV of the Wednesday of the preceding week. If Wednesday is holiday in the state of Maharashtra, then NAV as of Immediate preceding working day will be considered. While calculating the repurchase price the Trust shall be at liberty to deduct administrative cost and other charges not exceeding 5% of the NAV per unit.
2. Monthly Income Option
Refund in such rejected cases will be made after compliance with requisite operational and procedural formalities without Incurring any liability whatsoever for interest or other sum.
7) Nomination by members
(i) Nomination facility is available to individuals applying on their own behalf i.e. singly or jointly up to two.
(II) Only one person can be nominated.
(ill) Minors Including an NRI minor can be nominated.
(Iv) Nomination of NRIs Is subject io requirements of the RBI prescribed from time to time.
(v) Nomination can be changed at any time during the currency of the Investment.
(vl) Member being either parent or lawful guardian on behalf of a minor and an eligible institution, societies, bodies corporate, HUF, partnership firms and an applicant who has applied for units for the benefit of a mentally handicapped person shall have no right to make any nomination.
(vll) Other provisions will be to the extent provided In the regulations.
(i) Repurchase will be effected on receipt of the repurchase request (printed on the reverse of the membership advice/unit ceitiflcate) duly discharged by the members at the Registrar's office.
(ii) Partial repurchase shall be permitted sub|ect to the member maintaining a minimum balance of Rs.10,000/- (face value).
(lii) The member while making an application for repurchase shall be bound to surrender all the unencasned Income Distribution Warrants remaining outstanding subsequent to and inclusive of the month of repurchase to the Trust.
(Iv) A member to be entitled to a full year's Income
Distribution paid out on a monthly basis should
have held the units for a full year. In the event
of a member repurchasing units and his holding
units for a part of the year he bhall be entitled
to receive only proportionate Income
Distribution for the period of holding which shall
always be full English Calendar months of
holding, part of a month of whatever length
being always Ignored.
(vili) The facility of the statotory nomination Is available to a member under -Section 39A of the Act. Accordingly, where a nomination in respect of any (v) In the event of repurchase in full the Trust shall not, on accepting the repurchase request (printed706 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SKC. 4 on the reverse of the membership advice/unit certificate) duly discharged, be Dound to pay any Income Distribution on the units for the month of acceptance or future months nor shall any Interest be payable on the repurchase proceeds provided puch repurchase proceeds are paid or despatched within the time frsne pio.'lderi .
(vl) All the documents and tPc unenoashed Income Distribution Warrants, if any, received shall be retained by the Trust for cancel1!:'ion.
4. Pavment for units repurchased by the Trust after the deductions, if any, shall be made within 10 working days (provided the application is in order) from the date of receipt of the repurchase request (printed on the reverse of the membership advice/unit certificate) duly discharged and income distribution warrants, if any, at the centre where the repurchase requosts are processed.
No interest shall, on any account, he payable on the amount ot repurchase duo to the applicant provided such icpurchase proceeds are paid within the time frame provided under SEBI(MF) Regulations and the >,ost of remittance (including postage) or ot realisation of cheque or draft sent by the Trust shall be borno by the applicant.
5. In case of NRI/OCB investors, repurchase proceeds will be remitted outside India depending upon the source of investment as mentioned in paragraph V(11) (xii) above.
6. Restrictions on repurchase of unit)
(vil) Notwithstanding anything contained In the foregoing sub-clauses, the Trust shall be at liberty while repurchasing the units, in the event of failure of the member to surrender the Income Distribution Warrants which are then outstanding, to deduct from the repurchase proceeds such amount representing the amount of the Income Distribution Wanjnt(s) payable in future as have not been surrendered and pay the balance to the member On acceptance of the repurchase request (printed on the reverse of the membership advice/unit certificate) duly discharged and In the event of full repurchase, the member's right to receive future Income Distribution including the Income Distribution for the month of acceptance will cease and the Trust shall have a claim on the amount represented by such outstanding Income Distribution.
(vlll) In the event of partial repurchase, depending on the number of units retained by him, the member shall be Issued a fresh membership advice/unit certificate and a fresh set of Income distribution warrants for the remaining period Including the month of acceptance. No interest shall be payable on the repurchase proceeds provided such repurchase proceeds are paid or despatched within the time frame provided under the SEBI (MF) Regulations.
Notwithstanding anything contained In any provision of the scheme anc: the plan made thereunder, the Trust shall not bo under any obligation to repurchase units :
(\) on such days as are not working days; and (n) during the period (not exceeding 15 days)'when the register of members remains closed for the purpose of updatlon of record and reconciliation of unit capital.
Explanation: For the purpose of this scheme and the plan made thereunder the term "working day" shall mean a day which has not been either (i) notified under the Negotiable Instruments Act, 1881, to be a public holiday In the State of Maharashtra or such other States where the Trust has its offices; oi
(li) notified by the Trust in the Gazette of India as a day on which the office of the Trust will remain closed.
IX. INCOME DISTRIBUTION
(Ix) In the event of death ot the member/s and on surrender to the Trust by the legal representative or nominee of the membership advice/unit certificate, together with a repurchase request for repurchase of the units outstanding to the credit of the deceased member ana the unencashed Income Distribution Warrants outstanding to the deceased member, the Trust shall on compliance with the requirements laid down In connection with the recognition of ciaim. repurchase the units In the manner prescribed in sub clause" (Iv) and (vll) herein above In accordance with such rules and guidelines as may be formulated by the Trust and pay the outstanding proportionate monthly Income distribution up to the date of settlement of the claim.
(a) The member shall have the right to exuicise an option to participate in :
1) Monthly Income Option OR
2) Annual Income Option OR
3) Cumulative Option.
3. Annual & Cumulative Options
Partial repurchase will be permitted subject to the member maintaining a minimum balance of Rs. 10,000/- (face value) under both the options.
This shall be done at the time of Investment in the scheme. In case no option is exercised in the application form at the first Instance it will be deemed to be under monthly income option. The Trust reserves the right to permit investors to change of income distribution option ( I.e. monthly to annual or cumulative option or vice-versa) on such terms and conditions as may be decided In future and the same will be communicated to Investors in such manner as may be deemed appropriate.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) 7071) Monthly Income Option
(i) Declaration of Income distribution and despatch of income warrants under the monthly income option will be as follows:
| Rate of Despatch of Period Income Incoma applicable distribution distribution > • irrants 1 st November, 2000 9.75% p.a to 31st March, 2301 1st April, 2001 to 9.7E*/o p.a 31st October, 2001 | W'th Tiembership advice Maicti / April, 2001 | |
| 1st November, 2001 To be announced to 31st March, 2002 in March 2001 | March/April , 2001 | |
| To be announced Each subsequent in March every April-March till 2005 year 1st April, 2005 to To be announced 31 st October, 2005 In March 2005 | March / April 2002 and so on. March/ April , 2005 |
(VH) In the event of ine death of the member if the nominee/legal heir Is eligible to hold units and desires to continue to hold the units, then the nominee/legal heir shall be bound to return all the unencashed warrants for tho figure months for necessary change in his favour. However, such a nominee/legal heir desiring to continue to hold the units shall not be entitled to any interest or any compensation during the period It takes the Trust to rectify the wanants already Issued in favour of the deceased member to those in favour of the newly admitted member.
(vni) In the event of death of an applicant where the applicat on is made by an individual for the benefit of anotner individual who is a mentally handicapped person, the alternate applicant shall bn bound to return all the unencashed Income Distribution Warrants for future months for necessary rectification. However, such alternate applicant shall not be entitled to any interest or any compensation during the period It takes the Trust to rectify the warrants already issued in favour of the deceased applicant to those in favour of the newly admitted applicant.
2) Annual Income Option
Based on the investment objectives and policies of the plan as also prevailing and likely yields from the instruments in which funds of the scheme will be Invested, the scheme is expected to geiieralw sufficient returns to pay assured fricome @ 9,75% p.a. payable monthly for the first year of the plan.
Declaration of Income distribution and ECS payment or despatch of IDW under the annual income option will be as follows:
| Period applicable | Rate of Income distribution | Despatch of Income distribution warrants |
| 1 st November, 2000 to 31st October, 2001 | 10.20% p.a. | October, 2001 |
| 1st November, 2001 to 31st March, 2002 | To be announced In March 2001 | March / April, 2002 |
| Each subsequent April-March till March 2005 1st April, 2005 to 31st October, 2005 | To be announced In March every year To be announced In March 2005 | March / April, 2003 and so on. With maturity proceeds |
(II) The Income distribution for each month shall be made payable at the beginning of the following month and will be paid by the Trust by means of Income Distribution Warrants or by ECS or any instrument encashable at par at the branches of such bank as the Trust may specify under prepayment arrangements with the banks.
(lii) Depending upon the date of acceptance of the application one income distribution for the period upto 31st December 2000 and for the 3 months from January 2001 to March 2001 will be made by ECS or by Income Distribution Warrants sent along with the Membership Advice. The Income Distribution Warrant for the month of March will be dated 31st March every year.
3) Cumulative Option
(iv) Subject to the provisions of sub-clause (lil), the warrants for payment of Income distribution on a monthly basis will be sent to the member in advance. The warrants will be so dated that the member shall encash each one of the warrants on becoming mature for payment. Every warrant shall have validity for three months.
No income will be distributed under this option. Declaration of Income distribution and cumulation of income under the cumulative option will be as follows:
| Period applicable | Rate of Income distribution | Cumulation of income |
| 1st November, 2000 to 31st October, 2001 | 10.20% p.a. | October, 2001 |
| 1st November, 2001 to 31st March, 2002 | To be announced in March 2001 | March / April, 2002 |
| Each subsequent April-March till March 2005 1st April, 2005 to 31st October, 2005 | To be announced in March every year To be announced in March 2005 | March / April, 2003 and so on. October, 2005 |
(v) The Trust shall not be bound to pay interest In the event of any of the warrants not reaching the members before the expiry of the validity period or in the event of their becoming stale. •
(vi) In the event of repurchase, the member upon non- surrender of unencashed warrants the amount represented by such Income Distribution Warrants shall be deducted from the repurchase proceeds and in that event the member shall be entitled to encash these warrants which are due for the subsequent months and remaining in the custody of the members on the dates of maturity of warrants.
708 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC, 4particulars of his bank account, such as, nature of account, the account number and name and address of the bank branch along with the pin code at the appropriate place in the application form.
Under all three options, the member will be paid
Income distribution O 9.75% p.a. from the date of
acceptance of the application to 31 at October, 2000
by meant of cMque which will be eent along with
the membership advice under all three options.
4) Justification of the return of 10.20% p.a. under
the plan
(i) Assuming a collection of Rs.100 crore and. initial expenses are 3% to be written off over a period of five years, the investlble funds available for the first year would be Rs.97 crore. The initial Issue expenses would be within the limit of 6% of the funds collected in accordance with SEBI (MF) Regulations.
Ii) Reserve Bank of India has introduced ECS for direct credit of amounts to the bank accounts of the members. Currently, this facility is available to Investors frorr Ahmedabad, Ballabhgarh/ Fandabad, Bangalore, Baroda, Bhopal, Bhubaneshwar, Calcutta, Chandigarh, Chennai, Hyderabad, Indore, Jaipur, Jamshedpur, Ludhiana, Mumbai, Nagpur, New Delhi, Pune, Shimla, Siligun, Surat and Thrissur, (number of centres may be added/delete"1 progressively) for credit to their bank accounts maintained at the respective centres and where the amount of one single instrument does not exceed Rs.5,00,000/-.The members will be given a statement giving details of credit to his bank account.
(ii) Further assuming that the scheme win be investing 80% In debt instruments, with a low to medium risk profile at a YTM In the range of 10.00% to 13.50%, the investment will earn the weighted average yield of 12.31% p.a.
(Ill) The annualised return on 20% amount to be
Invested In equity by way Of dividend and taking into account, appreciation/ depreciation In the value of equity portfolio and profits booked be around 22.50% p.a.
ill) The bank branch of the member will credit the member's account and Indicate the credit entry with "ECS" in his passbook/statement of bank account. The applicant residing at the aforesaid centres are required to furnish name and address of bank branch, nature and number of account, 9 digit bank and branch MICR code number In the application form.
(iv) In the above example, the scheme is expected to earn a return of 13.91% In the first year shown below:
| Instruments | % Of Portfolio | Investible Funds | Return (%) |
| Debentures | 80 | 77.60 | 12.31 |
| Equity | 20 | 19.40 | 22.50 |
iv) In case the number of members from the aforesaid cities are not sufficient enough or for any other reasons, the Trust may pay the income distribution by Issue of Income distribution warrants incorporating bank account details instead of paying Income through "ECS" at any or all the above centres.
(vl) Weighted Avg.
v) Income Distribution to NRI member
Yield on Portfolio - 77.60'12.31 +19.40* 22,60 = 13.91%
100.00
Income under the plan shall be paid as per the Exchange Control Regulations. The present position regarding payment of Income is as follows:
a) The warrant can be issued in the name of the member and sent to a relative who is resident in India for crediting the NRE/NRO account of the member, as the case may be. OR {\) Taking annual expenses and provisions as 1.25%, the income available for distribution would be 12.66%. This would be sufficient to pay Income for the first year of, the plan ffl 9.75%p.a. under the monthly option and 0 10.20% p.a. under the annual & cumulative options, after tax payment of 22%p.a. on the Income distribution under all the options.
(il) The above is illustrative and is based on market conditions at the time of launch of the plan with the following assumptions:
b) The warrant can be Issued in the name of a relative who Is resident In India and sent to him for being credited to his account. In case of an NRI member where payment is required to be made In favour of his resident relative, the bank particulars of such relative's bank account should be furnished.
a) There would be enough opportunities to deploy the entire funds mobilised in the shortest possible time say 1 -2 months.
b) The equity portfolio will consist of liquid scrips and adopt a reasonably active trading strategy.
5) Bank particulars & Electronic Clearing Service
(ECS)
I) It Is mandatory for an applicant to give full
ECS facility is also available to NRI members who have their own bank accounts in Mumbai. For those NRI members who wish to credit Income Distribution to their resident relative's account, ECS laclllty could be extended to them at places as indicated In clause (II) above.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 709(il) Any change in the fundamental attributes of the X. INVESTMENT OBJECTIVES , scheme will be carried out only if;
a) the existing unitholders are Intimated by POLICIES, STOCK LENDING & DERIVATIVES
individual communication and
Investment Objective
(i) Investment objective of the scheme Is to primarily provide regular income to members .and also to endeavour providing capital appreciation on maturity of the scheme. Funds collected under the scheme after meeting all Initial issue expenses shall generally be invested as follows:
(a) Not less than 80% of the funds in debt instruments including money market instruments of low to medium, risk profile.
(b) Not more than 20% of the funds in equities and equity related Instruments. The risk profile of equity investments could be high.
(li) Minimum and maximum asset allocation:
(a) Debt — Minimum 80 % Maximum 100% (b) Equity — Maximum 20%
iii) No fixed allocation will normally be made for money market Instruments.
Investment in money market instruments will be kept to the minimum so as to be able to meet the liquidity needs of the plan. However, pending deployment of funds of the scheme in securities In accordance with its investment objective, as stated above, the Trust may Invest In money market instruments.
iv) The Trust retains the option to alter the asset allocation for a short term period on defensive consideration.
b) an advertisement is given in English daily newspaper having circulation all over India and also in a Marathi newspaper having circulation in Mumbai.
c) the members are given an option to exit at prevailing NAV without any exit load.
(ill) The Board may from time to time add to or otherwise amend this scheme and the plan made thereunder and any amendment/addition thereof will be notified in the Official Gazette as required in terms of the Act.
(iv) Any change/amendment/modification of the fundamental attributes of the scheme will be made with the prior approval of the SEBI. In respect of other changes/amendments/modlflcatlons not being of fundamental nature and not affecting the Interest of the investor adversely, SEBI will be kept Informed.
3. Investment P O I I C IM
(I) The scheme shall not invest more than 15% of its NAV in debt Instruments issued by a single Issuer which are rated not below Investment grade by a credit rating agency authorised to carry out such activity under SEBI. Such Investment limit may be extended to 20% of the NAV of scheme with the prior approval of the Board of Trustees. Provided that such limit shall not be applicable for Investments in government securities and money market instruments.
Fundamental Attribute*
(I) "Fundamental attributes" mean the following.
a) Type of scheme: MIP 2000 (Third) is a close end Income fund, with return assured at 9.75% p.a. payable monthly and 10.20% under annual and cumulative options for the first year of the plan period and for subsequent period as indicated In clause IX.
b) Investment objective : as provided under clause X of this offer document.
c) Terms of Issue :
I. provisions In this offer document in respect of listing repurchase of units artf -expenses.
II. The capital * v e s t ed in the scheme is protected at maturity when units will be redeemed at NAV or at par value, whichever is higher. However, there is no guarantee of protection of capital for premature repurchases and the repurchase prices for such cases will depend on the NAV.
(II) The scheme shall not Invest more than 10% of its NAV In unrated debt instruments issued by a single issuer and the total Investment in such Instruments shall not exceed 25% of the NAV of the scheme. All such Investments shall be made with the phor approval of the Board of Trustees.
Provided further that investment within such limit can be made In mortgaged backed securitised debt which are rated not below Investment grade by a credit rating agency registered with SEBI. (ill) No term loans will be advanced by this scheme.
(Iv) The Trust shall buy and oell securities on the basis of deliveries and shall In all cases of purchases, take delivery of relative securities and In all cases of sale, deliver the securities and shall in no case put itself in a position whereby it has to make short sale or carry forward transaction or engage in badla finance.
(v) The Trust shall, get the securities purchased by It transferred in its name.
43—-419GI/2O00
710 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 2\ 1922) [PART III—SEC. 4| Sr No. | Scheme Name | Name of Company holding > 5% of scheme assets |
| 1 | IISFUS ' 97 | HDFC |
| Hindustan Lever Ltd | ||
| 2 | IISFUS 97(ll) | State Bank of India |
| The Peerless General Finance & Investment Co Ltd | ||
| 3 | IISFUS 98 | The Peerless General Finance & Investment Co Ltd |
| IISFUS 98 (II) | national Housing Bank | |
| 4 G 6 7 8 | MIP 97(IV) MIF MVUP GROWTH SECTOR FUND (BRAND VALUE) | Oriental Bank ot Commerce The Peerless General Finance & Investment Co Ltd State Bank of India IDB! S G I Aranlk S*)cnritlf>"" Pvt I td |
| State Bank of Hyderabad | ||
| 9 10. 11. | GROWTH SECTOR FUND (PHARMA) GROWTH SECTOR FUND (SERVICES) GSEC | State Bank nf Hydcrabnu State Bank of Hyderabad Union Bank of India |
| State Bank of India | ||
| 12 | UTI-MMF | Bennett, Coloman & Co Ltd |
| UTI Bank Ltd The Arvmd Mills Ltd. | ||
| Stock Holding Corporation of India Ltd |
(vi) (a) The scheme will participate in the stock lending programme, in accordance with the terms of securities lending scheme announced by SEBI The activity shall be carried out through approved intermediary,
(b) The maximum exposure of the scheme to a single intermediary In the stock lending programme at any point of time would be 10% of the market value of the equity portfolio of the scheme or such limit as may be specified by SEBI.
(c) If mutual funds and UTI are permitted to borrow
stocks the scheme may in appropriate circumstances borrow stocks In accordance witti SEBI guidelines in that regard.
(vn) Trw scheme may invest In securities Issued by overseasftoreign companies and listed abroad or securities issued by Indian Corporates to foreign/ overseas investors and listed on foreign stock, exchange directly by subscribing to such Issues or' purche'
(viii) The scheme shall not make any Investment In;
a) any unlisted security of an associate or group
company of the Trust; or
b) any security Issued by way of private placement by an associate or group company of the Trust; or
c) the listed securities of group companies of the Trust which is In excess of 25% of the net assets.
(li) Investment made by the above scheme or any other scheme of UTI In the above companies or their subsidiaries on an aggregate basis as on 31/12/99 Rs. crore
| Company Nam* | Equity ' (Cost) | Debt (Cost) | D"po- llts | Total |
| State Bank of Mysore | 018 | 0.00 | 000 | 018 |
| State Bank of Hyderabad | 000 | 0 76 | 000 | 0 76 |
| I D B I Bank | DS5 | 000 | 000 | 0 85 |
| Stock Holding Corpo- ration of India Ltd | 733 | 000 | 000 | 7 33 |
| Hind Lever Chemicals Ltd (HLL Subsidiary) | 20 45 | 000 | 000 | 20 45 |
| Oriental Bank of Commerce | 2907 | 000 | 000 | 29 07 |
| SBI Capital Markets (SBI subsidiary) | 000 | 35 45 | 000 | 35 45 |
| Union Bank of India | 000 | 50.00 | 000 | 50 00 |
| The Arvlnd Mills Ltd SIDBI (IDBI Subsidary) UTI Bank Ltd | 58 35 000 89 12 | 107 75 96 000 | 000 000 000 | 59 42 75 96 8912 |
| HDFC S B I | 234 50 599 33 | 9163 57 01 | 000 000 | 32613 656 34 |
| Hindustan Lever Ltd | 178216 | 000 | 044 | 1782 60 |
| IDBI TOTAL | 352 73 3174.07 | 2012.16 2324,04 | 000 0.44 | 2364 89 5498.55 |
(ix) As advised by SEBI purchase and sale of securities for the plan through UTI Securities Exchange Ltd. during any block of three months shall not exceed 5% of aggregate purchase and sale of securities made by the plan.
(x) Investment in non publicly offered debt: Depending * upon the available yield the scheme would be investing in non-publicly offered debt securities.
(xi) Based upon the liquidity needs, the scheme may Invest in Government of India/State Government Securities without any restriction on the extent to which such Investment can be made.
(xii) The scheme shall Invest not more than 10% of its
NAV in the equity shares or equity related instruments of any company.
(xill) The scheme shall invest not more than 10% of its NAV In the unlisted equity shares or equity related Instruments.
4. Corporate Investment In the Trust's schemes
and the Trust's Investments In these companies.
(I) List of schemes wherein companies have invested more than 5% of the net asset value of a scheme as on 31/12/99.
PART III—SEL 4) THE GAZETTE OF INDIA, JANUARY H, 2001 (PAUSA 23, 1922) 711(il) Investment made by the above scheme or any other scheme of UTI In the above companies or their subsidiaries en an aggregate basis as on 31/12/98
Rs crore purpose of repurchase, redemption of units or payment of interest or income to the members
| Equity Company Name (Cost) State Bank nf Mysore 0 18 State Bank of Hyderabad 0 00 000 I D B I Bank Stock Holding Corpo- ration of India Ltd 7 51 | Debt (Cost) 000 0 65 0 00 000 | Term Loan 0 00 0 00 0 00 000 | Total 0 18 0 65 000 7 51 | |
| Hind Lever Chemicals Ltd (HLL Subsidiary) 000 Oriental Bank of Commorce 31 66 SBI Capital Markets (SB) subsidiary) 0 00 Union tank of IrvJia 0 00 The Arv nd Mills Ltd 97 76 SIDBI (IDBI Subsidary) 000 | 000 0 00 0 00 0 00 2 24 75 36 | 000 0 00 000 000 0 00 0 00 | 31 66 0 00 0 00 100 00 | |
| 75 36 | ||||
| U n Bank Ltd 89 12 HDFC 303 39 S B I 844 50 | 000 150 00 52 33 | 0 00 | 89 12 | |
| 0 00 000 | 453 39 896 83 | |||
| Hindqatan Lever Ltd 1082 68 | 6 60 | 0 87 | 1090 15 | |
| IDBI 363 39 TOTAL 2820 10 | 1883 92 2171 10 | 0 00 | 2247 31 | |
| 0 87 | 4992 16 |
Provided that the scheme shall not borrow more than 20% of the net asset of the scheme and the duration of such a borrowing shall not exceed a period of six months
2 As per section 20 of the Act the Trust has the following borrowing powers
(I) The Trust may borrow, whether In India or outside India from any authority or person, not being Government or the Reserve Bank, against such security and on such terms and conditions as may be agreed upon
(II) The Trust may borrow money from the Reserve Bank-
(a) repayable on demand or on the expiry ol a fixed period not exceeding ninety days from the date on which the money is so borrowed, against stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest tiust money by any law for the time being In force In India,
(b) repayable on demand or within a period of eighteen months from the date on which the money is so borrowed, against the security of the bonds which the Trust may issue with the approval of the Central Government, These investments were mad* by UTI in the normal course of its business activities
(c) on such terms and conditions and agaln3t the security of such other property of the Trust as may be specified in this behalf by the Reserve Bank for the purposes of any scheme other than the first unit scheme
XI. INTER-SCHEME TRANSFERS
Transfer of Investments from Ao this scheme to/from other schemes/plans of the Trust shall be done only if - a) such transfers are on spot basis and are at the prevailing market price for quoted instruments Explanation "spot basis" shall have the same meaning as specified by the stock exchanges for spot transactions
b) the securities so transferred are in conformity with the investment objective of the schemes/ plans to which such transfers are made, and
c) transfer of unlisted or unquoted investments from / to the plan to / from other schemes/plans of the Trust shall be done as per the policies laid down by the Board of Trustees of the Trust
Provided that any amount borrowed under this clause and outstanding at any one time shall not exceed -
(a) five crores of rupees In respect of each such scheme, and
(b)ten crores of rupees in respect of all such schemes in the aggregate
(in) The bonds issued by the Trust under sub-section (n) of section 20 shall be guaranteed by the Central Government as to the repayment of principal and the payment of interest at such rate as may be fixed by the Central Government at the time the bonds are issued
XIII. NAV DETERMINATION &
VALUATION OF ASSETS
XII. ASSOCIATE TRANSACTIONS &
1. Computation and disclosure of NAV
BORROWINGS
1 The scheme shall not borrow except to meet temporary liquidity needs of the scheme for the The Net Asset Value of the units Issued under the scheme shall be calculated by determining the value of the schemes assets and subtracting the llabili'iet. o' the712 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4 Where terms of conversion are not specified In respect of the convertible portion, the aame >9 taken at cost.
xi) Capital indexed bonds are valued on cost basis,
xii) Valuation policies for Money Market instruments :-
(a) Money market instruments and other
Investments are taken at book value.
(b) The money invested in inter bank call market
Is taken at cost.
soheme taking into consideration tne accruals a~nd provisions. The Net Asset Value per unit shall be calculated by dividing tho NAV of the scheme by the total number of units Issued and outstanding on that date. The NAV of the scheme shell be determined separately for the Monthly Income Option, Annual Income and the Cumulative Options. The NAVs (on hlstori- basis) shall be Issued to the press for publication within six months from the closure of subscription and on a weekly basis (applicable from next Monday to Sunday based on valuation date being the previous- Wednesday) thereafter,
2. Valuation of asset* pertaining to this scheme
(c) The money Invested in discount/interest earning Instruments Is valued at the yield at which the instrument was last traded. For this purpose the latest available quote within a period of two working days, prior to the valuation date Is considered. When there are no quotes available in the last two working days, the instrument is valued at cost plus tne difference between the face value and the cost, applied uniformly over the remaining matuntv of the Instrument I) Quoted Investments Including those under lock-In period, if any, but except government securities are valued at the closing market rates on the valuation date and in its absence, the latest available quote within a period o( sixty days prior to the valuation date If no quotes are available for a period of sixty days prior to the valuation date, the same is treated as unquoted investment.
(d) Other money market instruments, Including unquoted debentures are valued at cost plus the difference between the face value and cost, applied uniformly over the 'umal' ,pg maturity of the instrument.
il) Quoted government securitios are valued at closing NSE market rates on the valuation date and i'i its absence the latest available quote within a period of seven days prior to the valuation date If no quotes are available for a period of seven days prior to the valuation date the same are treated as unquoted government securities.
in) In case of quoted debentures and bonds, the market rate, being cum-interest, the same is adjusted for the interest element, if any
Notwithstanding anything contained In respect of
clauses X(3), Xlll(1) and m\(2) the Investment policies,
valuation of assets, computation of NAV, fixation of
repurchase price and frequency of their disclosure
of NAV, repurchase price/portfolio w o u ld be In
accordance with the provisions of SEBI (MF)
Regulations / Guidelines / Directives Issued by SEBI
from time to time.
Iv) Right entitlements for shares are valued at market rates, discounted for dividend element, wherever applicable.
v) Unquoted preference shares/cumulative convertible
XIV. ACCOUNTING POLICIES
preference shares are taken at cost.
1. Income recognition
vl) Unquoted equity shares sre valued on fair valuation basis as determined by the Board of Trustees from time to time
i) Dividend Income on listed equity shares Is accrued on the ex-dividend date. Dividend Income on
unlisted equity shares and preference shar.es is
accounted on receipt basis,
ii) Interest on Investments and commitment charges vii) Unquoted debentures, bonds and transferable note*, are valued at yield to maturity , linked to the yiC'V, on GOI Securities (yield curve) along with a mark up approved by the Board of Trustees.
Is accounted for on accrual basis.
ni) Profit or loss on sale of investments Is recognised
on the trade dates on the basis of weighted average
cost,
iv) Profit or loss and premium on redemption ol VIII) Unquoted warrants are valued at the market rate of the underlying equity shares discounted for dividend element, if any, and reduced by the exercise price payable. In cases where the exercise price payable is higher than the value so derived, the value of warrants is taken as nil.
debenture/bonds are recognised on the due date, ix) Unquoted Government Securities are valued at yield
v) Underwriting commission Is recognised as revenue on receipt basis when theie Is no devolvement In case of devolvement, the full underwriting
commission is reduced from the cost of such
Investments.
vi) Front-end fee on investments In shares and debentures is reduced from the cost of such investments.
to maturity based on the prevailing Interest rates. x) Convertible debentures and bonds where composite market quotations are not available, the convertible portion is valued at the market rate relevant to equity shares, discounted for dividend element, if any The non-convertible portion if any, of such debentures and bonds is valued as in (vi) aboveCPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 713 vii) The difference between purchase price and the maturity value, In respect of zero coupon bonds, deep discount bonds and other long-term discounted instruments Is treated as income over the remaining life of the Instrument on V JM hasls.
viii) Other income is accounted ,or on receipt basis.
2. Expanse*
i) Expenses are accounted for on accrual basis.
ii) Certain common expenses incurred through Unit Scheme 1964, are allocated to the other schemes as per the provisions of Sec 25 (4) of the Act. iii) Unit Scheme 1964, which owns the fixed assets, recovers lease rent, on an approved basis, from other schemes for their usage of the said assets.
aggregate value as at the end of the previous y&ar, the appreciation Is added to Unit Premium Reserve/ General Reserve to the extent depreciation was previously adjusted.
(ii) In cases where unquoted equity or preference shares, were written off in the earlier years, the cost of such investment Is written back to Its cost, as and when a quote or fair value Is available.
(Hi) Assets where interest is remaining past due for two quarters or more are classified as non performing assets. Provision for such assets Is made Individually (as stated in the table below). Such provisions are not made for other performing assets of the same company.
| Period for which asset remains non-performing | of Provision Percentage Secured Asset | Unsecured Asset |
| Up to two years | 10% | 10% |
| Exceeding two years but up to three years | 20% | 100% |
| Exceeding three years but up to five years | 30% | 100% |
| Exceeding five years | 50% | 100% |
3. Deferred revenue expenditure
In accordance with the provisions of Section 25 (3) of the Act, certain expenses are deferred as under:
(i) Tho initial Issue expenses including commission to agents, Incurred by the close-ended schemes are written off equally over the tenure of the schemes, (ii) When units am repurchased/bought back, the deferred revenue expenses to be charged In that year; as also for the unexpired period, Is suitably adjusted.
(iv) Where principal repayment remains outstanding - 4. Investments
i) Investments are stated at cost or written down cost.
II) In case of secondary market transactions Investments are recognised on trade dates.
III) Subscription to primary market Issues Is accounted as Investments, on allotment.
iv) Bonus/right entitlements are recognised on ex- bonus/ex-right dates.
v) Investment viz., debenture /bonds are transferred to current assets on the redemption / due date.
vl) The cost of investments include brokerage and service tax but does not include stamp fees which Is charged to revenue.
(a) for two quarters beyond the past due period In respect of the debt instruments with a balance maturity of not more than 3 years and
(b)for one year beyond the past due period In respect of debt instruments with a balance maturity of more than 3 years, provision is made for such outstanding instalments. The overall provision for such assets is limited to the percentage mentioned ' in the above table (up to 50% for secured and 100% for unsecured assets) or the amount In default whichever Is higher.
Any subsequent Instalments In such cases where the original default continues, are provided after 30 days from the respective due dates.
5. Provisions and Depreciation:
(A) Provisions against the income considered doubtful:
Provision is made in respect of Interest Income remaining past due for two quarters or more. Provision is made In respect of dividend at the year end, where It remains outstanding for more than one year from the ex- dividend date.
(B) Depreciation in the value of investments
(v) In case of funding of interest by way of capitalisation of outstanding Interest dues, the same Is provided irrespective of the period of default.
(vi) Provisions tor non-performing assets are charged to Unit Premium Reserve/General Reserve/ Revenue Account as the case may be.
(vii) Provisions made under paragraph 5(A) and 5(B) (iv) are written back on receipt or on restructuring of the assets. Provisions under 5(B) (v) are written back on receipt basis.
6. Buy-back of unite
(I) The aggregate value of investments as computed In accordance with clause Xlll(2) above Is compared to the aggregate cost of such investments and the resultant depreciation, if any, is charged to General Reserve / Unit Premium Reserve. In case such aggregate value exceeds the aggregate cost or the The units of schemes, listed on stock exchanges which are bought back for redemption through open market operations are accounted for on trade dates. The714 THI GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SBC. 4 difference between the acquisition cost and ;he face value is charged to the Revenue Appropriation Account.
long term capital gains at the rate of 10% plus surcharge without Indexation.
7. Income Distribution
i) In respect of application money pending capitalisation, provision for income distribution Is made for schflmeis wherc units are sold at face value and for other schemes no such provision is made. The Income distribution is charged to revenue appropriation account In the year of capitalisation.
ii) Provision for income distribution Is made on unit capital at rates approved by the Board gof Trustees.
(Iv) The capital gains accruing to Investments made through NRE accounts or by remittance of funds In foreign currency are not taxable,
(v) Value of investment in units under the plan is completely exempt from Wealth Tax.
(vi) The Gift Tax ^ct. 1958 has abolished the levy of Gift Tax in respect of Gifts made on or after 1st October 1998. Thus, Gifts of Units of the plan are fully exempt from levy of Girt Tax.
2 Eligibility for Capital Gains Tax Exemption under
Section 54EA
iil) In respect of monthly income plans launched after 1st January 1997, where the income distribution is assured, the liability pertaining to Cumulative Option Is provided for the period from April to March each year In the books of accounts,
8. Publication of Financial Results
The unaudited financial results as on 31st December will be published within 2 months and audited annual results as on 30th June will be published within six months of finalisation of accounts in one English dally and one Marathi dally.
As per Finance Act 2000, the capital gains tax exemption under section 54EA wiil be available only In respect of long term capital assets transferred before April 1, 2000, if the sale proceeds are Invested in unit schemes of UTI within six months of such sale/transfer, Accordingly, investment of entire or part of net consideration arising out of transfer of long term capital assc ^ • II March 31, 2000 In MIP-2000 (Third) will be eligible for capital gains tax exemption under Section 54EA of the Income Tax Act, 1961 subjeci to availability of repurchase/transfer/ pledge of such units only after three years from the date of commencement of the scheme.
XV. TAX TREATMENT OF
INVESTMENTS
Tax Treatment
However, under special circumstances the Investments can be withdrawn provided the unltholder complies with certain formalities. Once such Investment is withdrawn the tax benefit under Section 54EA also stands withdrawn and the onus falls on the investor to pay the income tax to the Income Tax authorities.
3. For Eligible Trusts
. A* per the taxation laws In force as the date of the
offer document, the tax benefits that are available to
the investors investing In units of the scheme / plan
are stated at follows:
1. Residents /NRH /OCBi
(i) Currently income, if any, received by all the categories of investors including NRIs/OCBs under all the schemes/plans of the Trust Is totally free from tax under Section 10(33) of the Income Tax Act, 1961.
Units are approved securities under section 11 (2)(b) of the Income Tax Act, 1961. Eligible Trusts investing In units will therefore, qualify for tax exemption in respect of income and corpus under Sections 11 and 13 of the Income Tax Act, 1961.
The Information stated above Is only for the purposes
of providing general Information to the Investors. In
view of the Individual nature of the tax consequences,
each Investor is advised to consult with his or her
own tax consultant with respect to the specific tax
Implications arising out of their participation In the
scheme / plan.
XVI. MEMBERS' RIGHTS & SERVICES
(ii) Under the current tax laws, there Is no deduction of tax at source by UTI, for all investors, irrespective of the amount/income received by the investor from the scheme. As per Finance Act 2000 the plan Is required to pay an income distribution tax at the rate of 20% and surcharge of 10% thereon under Section 115R of the Income Tax Act, 1961 on the amount of income distribution after 01.06,2000.
(Ill) Currently, any long term capital gains arising out of Investment in the scheme by residents and NRIs out of rupee originated or NRO funds will be subject to treatment Indicated under sections 48 and 112 of the Income Tax Act, 1961. At present an investor is required to pay tax @ 20% plus 10% surcharge on Jong term capital gains after factoring the benefit of the Cost Inflation Indexation. As per Finance Act 2000, Investor can instead opt to pay tax on ^uch 1. Members under the plan have a proportionate right in the beneficial ownership of the assets of the plan and to the income declared by the plan.
2. The members have a right to ask the Trustees any information which may have an adverse bearing on their Investments and the Trustees shall be bound to disclose such Information to the members.
3. The members have the right to have the membershipPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 715 advices Issued to them not later than 6 weeks from the date of closure of sales under the plan/unit certificates within 7 days from the date of receipt of request for issue of unit certificate in lieu of membership advice.
investment and participation in the Income, profits and gains accruing to the Trust from the acquisition, holding, management and disposal of s e c u r i t i c. It stirted functioning with effect from 1st July, 1964,
Management of UTI
4. The members have the right to have tha repurchase/ redemption proceeds despatched to them within 10 working days (provided the application1 is in order) from the date of receipt of the applicatioi. m me office where the repurchase requests are processed In the event of delay in despatch of redemption proceeds beyond 10 working days, UTI shall pay'Interest @ 15% per annum (or such rate as may be specified by SEBI). The Management of the affairs and busine&s of the Trust are vested in the Board of Trustees with a full time Chairman appointed by the Government of India. Besides the Board, there is a statutory Executive Committee comprising the Chairman, the Executive Trustee and two other Trustees nominated by the Industrial Development Bank of India. This Committee is competent to deal with any matter within the competence of the Board.
Board of Trustees *
5. An abridged annual report in respect o* tne Monthly Income Plan 2000(Third) shall be mailed to all members not later than six months from the date of closure of the relevant accounting year and made available for inspection at the Central Investors Relation Cell and a copy shall also be made available to the members on request on payment of nominal fee, if any.
6. The member shall be sent a complete statement of the plan portfolio before the expiry of one month from the close of each half year. Provided that the statement of the plan portfolio may not be sent to members if it is published by way of an advertisement in one English daily circulating in the whole of India and one Marathl news paper.
7. Any change in the fundamental attributes of the scheme will be carried out if the members are allowed to exit at prevailing NAV without exit load, besides being Intimated by Individual communication, and also publishing In one English dally newspaper having nation wide circulation and in one Marathi news paper.
8. Under specified circumstances the approval of members will be sought by a Postal Ballot.
1. Shil P S Subramanyam : Chairman, Unit Trust of India
2. Shri G P Muniappan : Executive Director, RBI 3. Shrl G P Gupta : Chairman & Managing Director, IDBI
4. Shri N S Sekhsarla : Managing Director, Gujarat Ambuja Cements Ltd.
5. Shri Rajendra' P Chitale : Chartered Accountant 6 Dr. Vishvanath V Desal : Economist
7. Shri Y P Gupta : Current-ln Charge and Managing Director, LIC 8. Shri G G VaMya : Chairman, S.B.I. Shri D T Pai :
9.
Chairman & Managing Director, Syndicate Bank 10. Dr Rakesh Mohan : Director General, Natlona Council of Applied
Economic RfiSflflrnh * Tha addresses and other current directorships of the Trustees are as follows:
1. Shrl P S Subramanyam -
9. The members have the right to inspect the following documents at the Central Investors Relations Cell, Unit Trust of India, SNDT Women's University Basement, Door No.1, Sir Vithaldas Thackersey Marg, Mumbai 400020.
• The Act
Unit Trust of India, Sir Vithaldas Thackersey Marg,
New Marine Lines, Mumbai 400 020
• The Regulations
• The agreements with the custodians, registrars and collecting banks.
• Copy of offer document of MIP2000(Third) • SEBI (MF) Regulatlons,1996
XVII. CONSTITUTION & MANAGEMENT
OF UNIT TRUST OF INDIA
Constitution of UTI
Unit Trust of India Is a statutory corporation constituted under the Act, with a view to encouraging saving and (i) Chairman & Director - The India Fund, (ii) Chairman & Director -India Growth Fund, (III) Chairman & Director • India Access Ltd. (Iv) Chairman & Director - The India Public Sector Fund Ltd. (v) Chairman of Governing Council - UTI Institute of Capital Markets, (vi) Chairman & Director - UTI Investment Advisory Services Ltd. (vii) Chairman & Director - UTI Investor Services Ltd (vlll) Chrlrman & Director - UTI Securities Exchange Ltd., (ix) Director- UTI Bank Ltd. (x) Chairman & Director - Over-the-counter Exchange of India (xl) Member - Life Insurance Corporation of India. (Kit) Director - Discount & Finance House of India Ltd. (xlil) Director - Securities Trading Corpn. of India Ltd. (xiv) Director716 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC 4 Board) of National Stock Exchange (vll) Member - India Advisory Board of Bank of America NT & SA (VIM) Member - ln\ estment Committee, Life Insurance Corporation of India.
6. Shrl V V Desal -
Neat House, College Lane, Dadar, Mumbal
- National Stock Exchange of India Ltd (xv) Trustee- Indian Institute of Software Engineering (xvl) Chairman and Director - The India IT Fund Ltd (xvii) Chairman and Director -UTI- lAS(Mauritius) Ltd (xvlil) Chairman and Director- The India Media, Internet & Communication Fund ltd (xlx) Chairman and Director - The India Infrastructure Fund Ltd (xx) Chairman - Stock Holding Corporation of India Ltd. (xxi) Member - Federation of Indian Chambers of Commerce & Industry (FICCI) - Steenng Committee
(I) Advisor - IClCI Limited
7. Shfi Y P Qupta -
2. Shri G P Munnlapan -
Reserve Bank Of India, Central Office Building,
Life Insurance Corporation of India,
'Yogakshema', Jeevan Bima Marg, Nariman Point,
Mumbal 400 021
Mumbal 400 023
8. Shrl G G Valdya -
& Shrl G P Gupta -
IDBI, IDBI Tower*, Cuffa Parade Mumbal - 400 005
State Bank Of India, Central Office, Post Box no.
12, Mumbal 400 021
(I) Director- The India Fund (II) Director- India Growth Fund, (III) Director - Discount and Finance House of India Ltd. (Iv) Director- Export-Import Bank of India, (v) Director- Securities Trading Corpn.. of India, (vl) Director- Infrastructure Development Finance Co. of India Ltd, (vii) Director- Indian Airlines Ltd (VIM) Director- IDBI Bank Ltd. (ix) Director- National Stock Exchange of India Ltd (x) Member- Life Insurance Corpn. of India, (xi) Member- General Insurance Corpn of India (xh) Director- South Asia Regional Fund, (xlll) Chairman - South Asia Development Fund, (xlv) Council Member- Indian Institute of Bankers, (xv) Member- Bankers Training College (RBI), (xvl) Member- Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) (xvll) Member- Institute of Banking Personnel Selection (xviii) Member- The Institute of Company Secretaries of India (xlx) Director - Wdium LLC, USA (xx) Member - University of Delhi (Faculty of Management Studies) (xxl) President - Entrepreneurshlp Development Institute of India, Ahmedabad.
4. Shri N 8 Sekhsarla -
Gu|arat Ambuja Cements Ltd., Maker Chambers
III, Nariman Point, Mumbal 400 005
(I) Dy. Chairman - The Associated Cement Companies Ltd. (li) Director- Radha Madhav Investments Ltd. (ill) Director- Ambuja Cement Foundation (iv) Director - Ambuja Educational Institute.
(i) Chairman - SBI Capital Markets Ltd., (II) Chalrman- SBI Funds Management Ltd , (m) Chairman - SBI Gilts Ltd , (Iv) Choirman - Sri! Jecunties Ltd., (v) Chairman - SBI Factors & Commercial Services Ltd , (vi) Chairman - SBI European Bank Ltd., (vn) Chairman - State Bank of Indore, (vul) Chairman - State Bank of Saurashtra, (Ix) Chairman - State Bank of Patiala, (x) Chairman - State Bank of Blkaner & Jaipur , (xi) Chairman - State Bank of Hyderabad, (xii) Chairman - State Bank of Mysore, (xill) Chairman - State Bank of Travancore, (xiv) Chairman - State Bank of India (California), (xv) Chairman - State Bank of India (Canada), (xvi) Vice President of the Governing Council • Indian Institute of Bankers, (xvil) Director- National Bank for Agriculture and Rural Development , (xviii) Director - Export- Import Bank of India, (xlx) Director- General insurance Corporation, (xx) Member of the Governing Board & Chairman of Finance Committee- National Institute of Bank Management, (xxl) Member of the Governing Board, Chairman of the Finance Committee & Office Premises Committee & Committee of Administrators of IBPS Employees Pro Fund, - Institute of Banking Personnel Selection (xxll) Member- Institute for Developing & Research in Banking Technology, (xxili) Director- Infrastructure Development Finance Corporation, (xxiv) Director- Infrastructure Leasing & Financial Services Ltd , (xxv) Director- Export Credit Guarantee Corporation.
9. Shrl D T Pal -
,5. Shrl Rajendra P Chitale -
Syndicate Bank, Manlpal 576 119
M / i MP Chitale & Co., Hamam House, 1st Floor,
Ambalal Doshl Marg, Fort, Mumbal
10. Dr. Rakesh Mohan -
National Council of Applied Economic Research,
Parlslla Bhawan, 11 Indraprastha Estate, New
Delhi 110 002
(i) Director - Small Industries Development Bank of India, (II) Director- National Securities Clearing Corporation Ltd (hi) Director - SBI Capital Markets Ltd. (Iv) Director - Zurich Asset Management Company (India) Ltd. (v) Director- Nut4Nuts Limited (vl) Member - Executive Committee (Governing (l)Chalrman - Expert Group on Railways, (h) Member - Economic Advisory Council to the Prime Minister,PART III—SEC 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 717
XVI&I. OTHER SERVICE PROVIDERS
FOR THE SCHEME
1. Custodians
(ill) Member - National Security Advisory Board, (Iv) Part Time Member - Telecom Regulatory Authority of India, (v) Member - National Statistical Commission, (vl) Member - Committee on Competition Law & MRTP Act, (vii) Member - Board of Governors , Institute of Economic Growth, New Delhi, (VIM) Member - Local Advisory Board, Dresdner Bank, (Ix) Honorary Visiting Professor - Indian Institute of Technology, New Delhi, (x) Director • Infrastructure Development Finance Corporation, Chennai, (xi) Member - Board of Trustees, Economic & Social Research Foundation, Tanzania, (xil) Director - Small Industries Development Bank of India, Lucknow (xm) Member Secretary - Expert Committee on Small Scale Industry, Ministry of Industry, Government of India, 1996 (xiv) Member - Tanff Authority for Major Ports, Ministry of Surface Transport, Government of India, (xv) Chairman - Advisory Committee for National Accounts, Department of Statistics, Government of India, (xvi) Member - Bureau of Public Enterpnses, Government of Rajasthan
Management of the Fund :-
Shn Kaushlk Roychoudhury, Assistant General Manager will be the fund manager.
Qualifications: B.Sc. Econ (Hons)- Presidency College- 1989, PGDM-IIM(A), 1992
Experience and Background.
Stock Holding Corporation of India situated at Mittal Court, B-Wing, Nariman Point, Mumbai - 400021, have been functioning as custodian for all our schemes and plans as per the agreement entered into with them on January 17, 1994.
The custodians are required to take delivery of all securities belonging to schemes/funds/plans of the Trust and hold them in Its custody The custodians will deliver the securities only as per instructions from the Trust and on receipt of the consideration. The custodian shall be generally authorised to attend to all non-dlscretlonary and procedural details for discharge of normal custodial functions In connection with the sale, purchase, transfer of and other dealings In the securities, other assets held" by them as an agent except as may otherwise be directed by the Trust.
Custodians shall provide all Information, reports or any explanation sought by the Trust or the auditors of the Trust for the purpose of audit and for physical verification and reconciliation of securities belonging to the schemes/ funds / plans of the Trust
The SEBI registration number of SHCIL Is IN/CUS/011 Tariff structure of SHCIL Is as under:
| Electronic | Physical | |
| DematerlaHsatlon | Rs 5 per certificate | |
| Purchase | 5 5 basis points on the value of the transaction | — R s 100 per DIP |
| Sale | 5 5 basis points on the value of the transaction | Rs 100 per DIS |
| Custody | 1 5 basis points on the asset value in custody | 8 basis points on the asset value In custody |
| Off market purchases | 5 5 basis points en the value of the transaction | |
| Off market Sales | 5 5 basis points on the value of the transaction | |
| Remateriahsation | Rs 15 per certificate or 15 basin points of conversion value whichever Is higher |
Presently with the Department of Funds Management, of the Trust which is responsible for the management of domestic income oriented schemes The work expenence prior to the current position Is as under.
| Designation | Department | Period | Responsibilities |
| Assistant General Manager | Policy Planning Division | 1 196 • 27 04 98 | Coordinator for UTI Associates, Involved In formulating UTI's entry strategy for insurance, siockbroklng (through JV route), Design of new products |
| Manager | Policy Planning Division | 8 6 95 - 31 12 05 | |
| Deputy Manager | Policy Planning Division | 11 94 - 7 6 95 | |
| Deputy Manager | Department of International Finance | 6 1 9 3 - 31 12 94 | Equity Analyst |
| Management Tramee | Various Departments | B6"92- 5193 |
2. Auditors
Also worked as a Management Trainee with Calcutta Port Trust from 1 1 90 to 1 7 90
M/s. Chaturvedl & Company, Chartered Accountants. 60, Bentlk Street, Calcutta 700 069 and M/s Batllbol & Purohit, Chartered Accountants, National Insurance Building, 204, D N Road, Fort, Mumbal 400 001. The auditors of the scheme are appointed by the IDB4 and they are subject to change from year to year.
/1X THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 43. Registrar and transfer agent:
XIX. INVESTORS' GRIEVANCE
REDRESSAL
(I) M/s UTI ISL L t d . . ( S E BI Registration tfo. INR00000121) have been appointed as the Registrars.
1. All investors could refer their grievances giving full particulars of investment to concerned Investors' Relation Cell at the following addresses:
(ii) Processing of applications and after sales services will ba handled from the following branches rfl the Registrars:
WESTERN ZONE:
West Zone: Plot No.369, Marol Maroshi Road, Near Marol-Maroshi Bus Depot, Vljay Nagar , Andherl (East), Mumbai-400 059.
East Zone: Bombay Mutual Building, 4th Floor, 9, B.T.M. Saranl, Brabourn Road, (Opp. India Tea Board), Dalhousle Square , Calcutta -700 001.
Ms. Tanvi Upadhye/ Shri.Prakash Sahasrabudhe Unit Trust of India Investors' Relation Cell Gn Block, Bandra - Kurla Complex. Bandra (East), Mumbai 400 051 Tel: 652 0850
South Zone: 45 Justice Basheer Ahmed Building, Second line Beach, Chennai 600 001.
EASTERN ZONE:
' North Zone (excluding Uttar Pradesh): 174/175, 1st Floor, Rajendra Bhawan, (DDA Building), Rajendra Place, New Delhi i',0008.
Lucknow (For the State of Uttar Pradesh only): Shop No.8 & 9, 2nd Floor, Saran Chambers II, No.5, Park Road, Lucknow -226 001.
Shrl R K Mangla Unit Trust of India Investors' Relation Cell 4, Falrlie Place, 1st Floor Post Box No.60 Calcutta 700 001 Tel: 243 5947/210 7698
4. Collecting and Paying Bankers:
SOUTHERN ZONE
(i) UTI Bank has been appointed for collection and local payments as well as for At par payments at festricted places.
Ms. Jayasudha K Unit Trust of India Investors' Relation Cell UTI-House, 29, Rajajl Salal, Chennai 600 001 Tel: 5260146
NORTHERN ZONE
(h) State Bank of India and such other banks registered with SEBI will be appointed as paying bankers and any other bank, registered with SEBI, as collecting bank on such terms/conditions as may be decided by UTI from time to time.
(lii) Applications will also be accepted by UTI Branch Offices, CR Collection Centres, Franchise Offices. The selected branches of Oman International Bank in the Sultanate of Oman and UAE have been appointed for collection of applications from NRIs.
Principal Business Addresses of the Banks:
Shri D K Gandhi Unit Trust of India Investors' Relation Cell Herald House, llnd Floor, 5A, Bahadur Shah Zafar Marg, New Delhi 110 002. Tel.: 332 1801/3315574
State Bank of India Oman International (Development & Personal Bank S.A.O.G.
2. Investor Complaints redressal record
i. Complaints received, redressed and pending for the Banking) 1-A, Mlttal Court, (INB100000038) Nariman Point,
last three years are:
| Period | No ot Complaints | Pending to Total Received | ||
| Received | Red rened | Pending | ||
| 01-04-97 to 31-03-96 01-04-96 to 31-03-99 01-04-99 to 31-03-2000 | 551929 287260 265331 | 539318 274560 257702 | 12611 12680 7629 | 2.28% 4.41% 2.88% |
Central Office, Mumbal 400 021 Madam Cama Road, P.B. No. 10003, Mumbai 400 021
UTI- Bank Ltd. (INB 100000017) Central Office, Maker Tower-F, 13th Floor, Cuffe Parade, Colaba, Mumbai 400 005.
PART III—SEC. 4] THE GAZETTE OF INDIA. JANUARY 13, 2001 (PAUSA 21, 1922) 719| Schtm* | No of ComplalnU Received | Rtdr"M | Pending | Pending to Total Received |
| MASTERGROWTH-93 MASTERPLUS-91 MASTERSHARE-86 MEP-91 MEP-92 MEP-93 MEP-94 | 7552 51656 18327 1710 8748 5663 5676 | 7245 50867 16957 1686 | 307 789 1370 24 | 4.07% 153% 7 , 4 8 * 1.40% |
| 8545 5559 5570 | 203 104 106 | 2.32% ' 1,84% 1.87% | ||
| MEP-95 | 5339 | 5259 | 80 | 1.50% |
| MEP-96 | 1813 | 1806 | 7 | 0.39% |
| MEP-97 | 166 | 163 | 3 | 1 8 1 % |
| MEP-98 | 98 | 98 | 0 | 000% |
| MEP-99 | 55 | 55 | 0 | 0.00% |
| MIP-2000 | 393 | 365 | 28 | 7.12% |
| MIP-93 | 766 | 777 | 9 | 1 15% |
| MIP-94(I) | 315 | 307 | 8 | 2.54% |
| MIP-94(II) | 511 | 500 | 11 | 2.15% |
| MIP-94(III) | 1869 | 1838 | 31 | 1.68% |
| MIP-95 | 547 | 538 | 9 | 1.65% |
| MIP-95(II) MIP-95(III) | 474 401 | 459 395 | 15 6 | 3,16% 1.50% |
| MIP-96 | 254 | 248 | 2,36% | |
| MIP-96(II) | 616 | 610 | 6 e | 0.97% |
| MIP-96(III) | 498 | 488 | 10 | 2.01% |
| MIP~96(IV) MIP97 | 7303 713 | 7099 694 | 204 19 | 2.79% 2.66% |
| MIP-97(II) MIP-97(III) | 907 1294 | 895 1195 | 12 99 | 1,32% 7.65% |
| MIP-97(IV) | 994 | 969 | 15 | 1,52% |
| MHP-97(V) | 294 | 294 | 0 | 0.00% |
| MIP-98 | 1500 | 1422 | 78 | 5,20% |
| M1P-98(II) | 755 | 744 | 11 | 1.46% |
| MIP-96(III) MIP-98(IV) | 7088 1014 | 6816 1010 | 270 A | 381% i) 39% |
Schemewise details of comp'aints received, redressed and pending for the period 01/07/99 to 30/06/2000 are given below:
| Scheme CCCF | nO ui' Conlpldlntl | Pending | ||
| R*c"ived 697 | RadretMd 683 | Ptndlng 14 | to Total Received 2.01% | |
| CGGF CGS-83 CGUS-91 | 83T1 15 27 | 8240 '15 26 | 91 0 1 | 1.09% 0.00% 3.70% |
| CRTS | 379 | 371 | 8 | 2.11% |
| DIP-91 DIUP-93 DIUP-95 DIUS-BO DIUS-91 | 845 1871 | 839 1665 | 6 6 | 0.71% 0.36% |
| 1/7 110 | 174 110 | 3 0 | 1,69% 0,00% | |
| 25 | 24 | 1 | 4.00% | |
| DIUS-92 | 42 | 42 | 0 | 0.00% |
| E.O.F ETSPLAN | 63 167 | 57 146 | 6 21 | 9.52% 12.57% |
| QCQI | 2468 | 2412 | 56 | 2.27% |
| QMIS-91 GMIS-92(I) QMIS-92(II) | 463 77 339 | 442 75 337 | 21 2 2 | 4.54% |
| 2 60% 0.59% | ||||
| GMIS-B-92 GMIS-B-92(II) | 654 164 | 654 163 | 0 1 | 0.00% 0 61% |
| GRANDMASTER-93 | 710 | 689 | 21 | 2.96% |
| GRIHALAXMI UNIT PLAN | 1296 | 1257 | 39 | 3.01% |
| HOUSING UNIT SCHEME | 23 | 23 | 0 | 000% |
| IEF-97 | 12 | 12 | 0 | 0.00% |
| IISFUS-95,96,97 | 8 | 8 | 0 | 0.00% |
| MASTER INDEX FUN! | 228 | 224 | 4 | 1,75% |
| MASTER VALUE UNIT PLAN | 4 | 4 | 0 | 0,00 |
| MASTERQAIN-92 | 42992 | 39593 | 3399 | 7.91% |
(d) Loss in transit.
| Schwn* | No of Complaints Finding | |||
| Rtc*lv"d | R"dff"Md | Pending io Total tfccuivtd | ||
| MIP-98 | 5675 | 5648 | 0,4P% 27 | |
| MIP-99 (1) | 1088 | 1065 | 2 02% | |
| MIP-99 (II) | 821 | /84 37 4.51% | ||
| MIS-B-93 | 256 | 1.17% 253 3 | ||
| MISQ-90(l) | 493 | 49 9.94% 444 | ||
| MISO-9O(II) | 1497 | 1488 9 0.60% | ||
| MISO-91 | 1667 | 9 1656 0.54% | ||
| MMMF | 4 | 3 1 25.00% | ||
| N.R.I FUND | 67 | 65 2 2.99% | ||
| NIFTY 1 FUND | 64 | 64 0 0,00% | ||
| OMNI-PLAN | 10 | 10 O 0 00% | ||
| PRIMARY EQUITY FU | ID 1065 | 19 1046 1.7b% | ||
| RAJLAKSHMI U.R | 2318 | 51 2267 2.20% | ||
| RETIREMENT BENEFIT P U N | 1380 | 1344 2.61% 36 | ||
| SENIOR CmZENS' UNIT PLAN | 354 | 11 3,11% 343 | ||
| UOS-10000 | 696 | 1.44% 886 10 | ||
| UQS-2000 | 2595 | 1,73% . 45 2550 | ||
| UGS-3000 | 2108 | 2067 41 1,94% | ||
| ULIP | 11432 | 11132 2.62% 300 | ||
| US-64 | 36756 | 38116 1.75% 642 | ||
| Ug-92 | 836 | 11 1,32% 825 | ||
| US-95 | 1 | 1 0 0.00% | ||
| UTI BOND FUND | > 590 | 34 5.78% 556 | ||
| UTI Q-SEC FUND | 289 | 17.99% 237 52 | • | |
| UTM3SF | 1235 | 1146 7.21% 89 | ||
| TOTAL | 270603 | 261557 3.34% 9046 |
(e) Postal delay.
(f) Non compliance of required-documents in case of
transfer/death claims/Repurchase.
(g) Incomplete details while forwarding the complaints, (h) Non-receipV Delayed lecespt of commission.
(i) Letters/Oocuments sent to the wrong office/
Registrars.
XX. PENALTIES, PENDING
LITIGATIONS, MATERIAL FINDINGS
OF INSPECTIONS/ INVESTIGATIONS
1. There are no cases relating to penalties awarded by SEBI under the SEBI Act or any of its regulations or by any Stock Exchanges (where the units of the schemes of Ul i are listed) againsi the Unit Trust of India/Board of Trustees-, or any of the Trustees or key personnel (specifically the fund managers).
2. There are no pending material litigation proceedings incidental to the business of the Unit Trust of India including the Board of Trustees or any of the trustees or key personnel. There are no pending criminal cases against the Unit Trust of India, Board of Trustees or any of the Trustees or key personnel.
3. Neither SEBI nor any other Regulatory Agency has specifically advised that any deficiency in the systems and operations of the Unit Trust of India be disclosed in the offer document.
4. There are no enquiry/adjudication-proceedings under the SEBI Act and the Regulations made thereunder, against Unit Trust of India, Board of Trustees/Trustee or key personnel.
XXI. CONDENSED FINANCIAL
INFORMATION
The condensed financial Information for the years 1996- 97, 1997-98, 1998-99 and for the half year ending 31.12.1999 for all schemes launched during the last three years Is annexed.
For and on behalf of the Board of Trustees of the Unit Trust of India i. Heasons Tor penaing compiaims are :
(a) Non-receipt of application/funds from the collecting
SdA banks.
(B.G. DAQA) Executive Director Business Development & Mktg.
(b) Incomplete details of the investor In the application Including address, name and signature of the Investor.
(c) Changa of address of investor not informed/not Place : Mumbai Date . 10.07 2000
updated.
P A R T
CONDENSED FINANCIAL INFORMATICS
I I I /n HtsrmaiCAi ppn IIMTT "STATISTICS
7 2 1
| Schen*(MBO | l?(t1A.t7) | m*47{v/)fm tun) | ||||||||
| 1996-87 | 1997-96 | 1393-39 | 31-12-99 | 1997-98 | 199649 | 31-12-99 1997-9S | 1936-99 3M2-99 | |||
| 1 HMattHbegmngattKr*' | 10.00 | 10.00 | 1494 | — | / 9 7 O 193S | f9M - 19.40 | /99B j 10.36 1933 1 9 67 | |||
| 2. Net trams per ur" | 0.00 | aoo | 114 | 1.38 | 0.8* | 1.02 | 0.81 128 | 089 099 | ||
| 1 I n a n e Detrimdcn: (%) P A | — | — | — | 1100 | 1100 | 13.00 1^50 | 12.50 | |||
| 4 Transfer to reserves (I any) | — _ | 010 | 1 15 | 1.39 | -026 | •0 31 | 0 01 aTs | •CM r.60 | ||
| 5. KAV at the end of fte year | 9.33 | 14 94 | '1956 | / 9 7 0 19.38 | /9.M 1940 | / 11 63 / 9 9 9 19 S3 11010 | / It 61 M O K 1S67 110 06 | |||
| 6. Amuafeed return (%) | — | -6 70 | 2X26 | 30 61 | T/4J1 1463 | /11 65 11051 | ( 1 6 56 V / 5 41 "1164 1 1 4 2 3 | / 1 3 72 / 16.33 '113.62 \VZ? | ||
| 7 Net assets end of fte period (RiCrs) | 3128 | 30 91 | 4S48 | 65 76 82979 | 87O84 | 96519 824*3 | 9S7 61 1375 42 | |||
| B RaSo ol recLmng etp. To pel assets (%) | 0001 | O017 | 1 13 | 041 0.011 | 104 | 050 0007 | a3B |
| 089 | 099 |
| •CM M O K 1S67 | 12.50 r.60 / It 61 110 06 |
| / 1 3 72 \VZ? | / 16.33 '113.62 |
| - | WM7(V)(01J)1je\ | KFUS 97(1) (61.0198) HEP 98(31.0198) HP-9S (01.04.98) | *t?-9"m (01.fl7.9S) | ||||||||||||
| 1997^8 | 19&8-9S 31 12-9S | 1997-98 | 1998-99 | 1997-98 31-12-99 | 1998-99 | J1-12 99 1997-98 | 31-12 99 1998-99 | 1997-98 1998 99 | 31-12 99 | ||||||
| 1 NAV a tt" begnnng of tm yea | ; 10 08 / 9 9 8 D1027 • 10 29 1964 19 71 | 855 | 1139 | 9 74 | 10 14 | / 1041 / 9 81 D 9 74 D 10 33 1948 1IO(S | " | / 10 53 D 10.06 11021 | |||||||
| 2 Met name per unfi | 070 | 065 083 | 023 | 1 16 | 060 | 100 | 106 | 057 H I | 0 97 12 50 | 099 | |||||
| 3 Irpame Ostrtaion (=*.) p i 4 T'ansfer to reserves (if any} | 11 75 027 | 1175 111 75 Q 12 40 -C55 025 | — 023 | — -1 13 | 12 75 — 302 -0 07 | 12 75 -0.39 1014 | 12.75 12 50 134 •002 1129 f 9 81 L9 74 1948 | 12.50 / D ' 3 ^ 1 12 5-t1 OS, •0 11 1 ' 0 7 5 ! 1041 T 1 0 r U 10 33 196S liare | -0 07 '2 50 -0 28 9 75 / 13 53 f 1021 • 10 06 | / O 1325 112 50 ] •02B ! / 1159 D 11 07 11047 | |||||
| 5 fiAV ai tta ere) d the yea | / 9 9 B G ( 0 ? 7 1 9 71 | / 1 0 06 / 1173 D10L48 • 1029 11047 1964 | 635 | <1.59 | 9 "4 •1591 | ||||||||||
| 6 AmuaSsed return [%) 7 Net assets aid of te period (Rs. Cfs) 8 Habo ot recwnng esp to net assets (%) | T / 1 J 6 D270 12J7 47512 0.008 | / 16 03 / 10.22 Q14 66 mo 40 1 M 7 3 1998 53611 490.53 1fl2 048 | * - ' 6 5C 1606 0112 | 12.53 25 12 263 | 30 43 T Z 10 37.99 656 31 GutM 069 | 13 47 54tfi.35 0 4 t | +7 2 50 15 85 D-190 1 207 777 37 S^C5 | r 1 1 8 3 / 14 11 D 1 i =5 • D1333 S I T 4 4 •14C3 1014 39 1O'342 | ) 15 65 D13B9 115 57 770 12 9CI65 | / 17 41 D16 01 116 41 962 &J | |||||
| £01 0 19 | 0 " 103 | I03 - | 0 49 |
| Scheme (Date of ABotmerrt} | NRRMO(01JS.98) | VSFUS-98 (01.06.98) | UGS-10000(1.06.98) £ t USF (18.tB.9a) 1 E I HVUP (01.07 9J) \ | |||||||||
| 1997-98 | 1998-99 | 31-12-99 | 1998-99 1997-98 | 31-12 99 | 1997 98 1996-39 | 1i9T98 31-12 99- 1996-99 31-12-99 | 1998-99 31 12 9S | | |||||
| 1 NAV al the begnrmg of the yaar | — | i994 | / I f 1 94 D1092 | 964 — | 1023 | 9.57 — | M M 9S3 11 58 - | to oo 14 34 i j | ||||
| 2 Net ncome per unit | 004 | 1 13 | 1 12 | (26 003 | : i> -0 41 129 | £09 -0 07 0 74 056 | 0 76 069 | |||||
| 3 tncome DEtntxrton p>| p j . | 13.50 | 13 50 | 13.50 | 1350 13.50 !3JO - - | - - - — | |||||||
| 4 Transfer to reserves (i any] | -0 06 | -015 | It? | -022 , 2 -041 128 -aie | 2 1b 0 (6 •oo- 056 | 0 76 069 | ||||||
| 5 KAV al he end of the year | 4 9 9 4 | / 1 0 94 D (OS? | / 1 1 5 5 • 11.53 | 964 1023 | 957 1'95 U08 | • 1 S 1 2 9 93 1158 12.09 | 1434 •22 5C | |||||
| 6 Annualtsed rstum pt). | H'-0 60 | /2221 D2105 | / '7 49 D 1 7 08 | T - 2 4S 1575 | ^ • 4 30 _ - 1 2136 | 54 46 T - 0 70 13 53 1166 | 43 40 7t9E I | |||||
| 7 Ne(3sse(sencrdihEpenod(fe&s) | 6345 | 75 97 | 80 22 | 944 49 100721 | 67 40 1 3 1 0 0 120i 03 | 147 19 690 50 9S9 79 136 39 | 143 59 2J3 11 | |||||
| S Ratio ol recurrmg e"p to r>et asa^s {%) | 0 01 | 0 91 | 0 41 | 000 041 | 0 IE 2.0S 005 | 1 18 001 1 10 0 81 | 1 19 0J6 |
.
4
| Schwne (Date of AUotment) | HFE£(0t.O&9l) | S F (0847.98} | "P-9e<"} (01.09.98) | "P-9ejrV) (01.12.38) | HSRJS" | |||||||
| 1996-99 | 31-12-99 | 1996-99 | 31-12-99 | 1996-99 | 31-12-99 | 1998-99 | 31-12-99 | 1998-99 31-12-9-3 1998-99 31-12-99 | ||||
| 1 NAV at the begmng of tie year | 9 89 | 12 73 | 939 | 1133 | / 10 80 • 1163 11021 | / 1 0 8 3 D 1126 1 1041 | f 10 33 10 JO D 10 53 | 9 9 G | |||||
| 2. Met reome per unit | 009 | 3 41 | 131 | 0 51 | 1 10 | 086 | 090 | 140 | 073 092 099 | |||
| 3 Income DctrbAorr (%) p a . | — | — | 12 50 | O / 1325 112 50 | 12 50 | D/1325 11250 | D / 1325 14 50 14 00 — 1 12.50 | |||||
| 4 Transfer to re4erves (if any) | 0.17 | 341 | 134 | 050 | 026 | 026 | 028 | 028 | -0 02 | - 5J9 099 | ||
| 5 KAV at fi" end of t i e year | 12.75 | '1506 | 1133 | 11.76 | / 10.80 D 11 63 J1O21 | flZ | / 1083 • 1126 1 1 0 41 | / 1219 D 11 04 11091 | / 103C 1 1030 | / 1033 / 1 - 4 4 / 11 99 D 1!?7 • 10 53 % 1195 1 1 0 2B 1996 | ||
| 6. Anruafced return {%), | 25.38 | 31.60 | 13 30 | 1228 | Vj 16.10 D 16.30 11318 | / 21 22 D 19 27 11798 | 4 7 16 42 • 1£60 111 35 | / 2 4 " 7 • 21 67 122 07 | T 1 iG 00 1 1020 | y / S 4 6 4"/ 16 79 28 " 2 7 ' ^ D 5,30 D 16 70 11426 t 481 | ||
| 7. Net assets end of the penod (Hs Cre) | 19B01 | 163.02 | 025 | 029 | 1439 45 | 1601 32 | 948.S9 | 99E44 | '1£8 06 | 882 07 1359 / 953M 020 0 59 054 | ||
| 8, Ratio of rrjcumng etp to net assets (%) | 214 | 0.S9 | 1.90 | 227 | 0.9S | 049 | 078 | 051 | 0J0 |
| Setene (Date of AMobmn) | IEP-99 (31JtU9) 1993-99 | 31-12-99 | GSF-BRAHO (27-05-99) £ £ 31-12-99 | GSF-PHARAKA (27-(B")E: 31-12-99 | ( 2 7 - " 9 9 ) £ £ 31-12-99 | GSF-PETRO (27-05")E£ 31-12 99 | GSf-3£BVTC£ G-SICFUHD (27-05-99) £ £ (27-05-99) £ £ 31--2-99 31-12 99 | 117 99 (01-06-99) 31-12-99 | |
| 1 HAV at the b e g m r g cite)-** | - | 1t26 | 10.02 | 994 | 10 06 | 9S9 | 9 ""9 | 10 09 | |
| 2. Net ncome per urat | 0.47 | 7.68 | i 1 5 | •0.95 | 5.43 | 155 | 8 72 OX | 0.61 | |
| 3 Incone DtsrtxScn: (%) p i | — | — | D/1125 110 75 | ||||||
| 4. Tfansfer to cesaves (if any)0 | 0 47 | 768 | 2 07 | -054 | 542 | 154 | 906 | 0 5 2 | |
| 5. NAV a l t o end of h e rear | 1126 | '25.11 | •1185 | '13J36 | •22 00 | *9 59 | '1777 hMS1 | / 11 74 n 1172 1110 93 | |
| 6 Amuaksed refain f " , | 4< 12.60 | ¥ 151 JO | f 1&50 | >P3360 | T 120 00 | r-4io | f 77.70 | > F / 1 7 * • 1720 11465 | |
| 7 Net assets end d the penod (Rs Crs) | 191 | 846 | 1958 | £129 | 23165 | 8.15 | 11 B6 31538 | 312221 | |
| 8. Rate of rearmg exp to net assets f%) | 109 | 098 | 176 | 395 | 1 14 | 129 | 075 039 | 0 51 |
/ C u m i a tm Opton,
1 Nofi Cumtiative Option,
D Annual Incone Opten,
t Deferred Inccme Opten,
© Or Option,
S Captel Growth Optori,
* 15% up to 31 03 98,
£ 13% upto 31 03 99,
£E date of lauich B omen as they are open ended, y Return not anuatsed snee sctane has not comptetedone yea, as on 30ft Jme^31st Dec,
i A A angle NAV s catoiated
' NAV as on 29 12 99
(i) There aye no nstances ol bomxmg by schemes of t ie Trust
to724 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PACT III—SEC, 4
HISTORICAL PER UNIT STATISTICS
| Schomw | NAVMon 31.07.2000 | Annualiasd Yl"ld(%) |
| UBF | 1Z79 | 11 5 8 % |
| SIF ® IISFUS-96 a | 12 64 11 14 | 11 6 6 % 17 4 9 % |
| IISFUS-97 ffl | 9 74 | 13 9 8 % |
| ISSFUS-97(II) Q IISFUS-98 ® | . 9 75 9 70 | 11 3 3 % 11 8 4 % |
| IISFUS 98(11) @ - Cum Option - Income Option | 10 02 9 99 | 4 5 5 % 9 1 0 % |
| UNF | 10 67 10 71 | 2 9 4 % 8 8 0 % |
| MMMF $ | 13B651 | 9 6 8 % |
| MEP-97 ' MrP-98 ' MEP 99 * ETSP- UGS-10000 * | 11 71 12 64 22 13 11 39 11 50 | 4 7 8 % 10 3 4 % 90 b 7% 21 4 0 % 11 9 2 % |
| IEF* | 17 42 | 19 3 0 ' a |
| MVUP* | 1600 | 24 7 1 % |
| MIF* | 13 09 | 13 4 8 % |
| MIP-96(III) - Non Cum Option - Cum Option | 10 12 17 51 | 14 2 0 % 15 7 3 % |
| MIP-96(IV) - Non Cum Option - Cum Option | 960 16 01 | 12 7 2 % 14 0 3 % |
| MIP-97 - Non Cum Option - Cum Option | 906 10 03 | 12 2 3 % 13 4 1 % |
| MIP 97(ll) - Non Cum Option - Cum Option | 8 94 10 11 | 12 0 4 % 13 6 6 % |
| MIP-97(III) - Non Cum Option - Cum Option | 9 25 10 08 | 11 3 4 % 12 5 1 % |
| MIP 97(IV) - Non Cum Option - Cum Option | 9 42 10 32 | 11 2 2 % 12 9 1 % |
| SctHHTMM | NAV at on 31.07.2000 | Annuall"*d Yl"ld (%) |
| MIP-97(V) - Monthly Option - Cum Option - Annual Option | 9 70 1034 10 51 | 11 28% 11 78% 11 70% |
| MIP-98 - Monthly Option - Cum Option - Annual Option | 9 70 10 20 10 13 | 11 87% 12 17% 12 05% |
| MIP-98(II) - Monthly Option - Cum Option - Annual Option | 906 9 52 8 86 | 8 66% 8 4 1 % 7 48% |
| MIP-98(III) - Monthly Option - Cum Option - Annual Option | 9 60 10 32 11 08 | 11 13% 12 64% 12 6 1 % |
| MIP-98(IV) - Monthly Option - Cum Option - Annual Option | 1020 10 76 11 18 | 14 44% 1541% 16 05% |
| MIP-98(V) - Monthly Option - Cum Option - Annual Option | 9 68 lb3J 10 53 | 11 06% 12 58% 12 63% |
| MIP-99 - Monthly Option - Cum Option - Annual Option | 999 1054 11 63 | 12 44% 15 23% 16 30% |
| DIP-91 - Qtr I no Option - Defr Inc Option - Growth Option | 9 95 1036 17 67 | 13 38% 13 63% 16 17% |
| MIP-99 (II) # ffl - Monthly Option - Cum Option - Annual Option | 9 45 1017 1017 | 1 50% 1 70% 1 70% |
| MIP-2000 # ffl - Monthly Option - Cum Option - Annual Option | 8 50 9 01 9 01 | > - 1 0 73% - 9 90% - 9 90% |
® NAV as on 28 07 2000
* NAV as on 16 08 2000 $NAV as on 23 08 2000
# ylotd not annualisad as the schemes have not completed 1 year
XXII. DETAILS REGARDING SCHEMES WHEREIN RETURNS ARE ASSURED
UNDER DRF AS ON 30.06.2000 (PROVISIONAL)
(Amt in Crs)
Reserve*
Invsetlble
Period
Name of Scheme
Income
Distribution
as of
N"t
Income
funds si of
30.06 2000
% Rate of
Return*
Assured
To
30.06 2000
From
35 37
14
28 95
30 06 97
01 05 97
MIP 97
163 67'
124 49
01 07 97
30 06 98
159 10
66 55
01 07 9B
30 06 99
-37.80
207 02
342.84
1304.29
01 07 ""
30 06 2000
1954
MIP 97 (II)
184 33
14
01 07 97
200 71
01 07 98
15 29
170 34
116 33
412 52
271.98
-24.63
30 06 97
30 06 98
30 06 99
30 06 2000
1833 13
01 07 99
14 77
30 06-97
IISFUS 87
98 89
15
30 06 98
11389
30 OQ 99
7 91
72 57
95 88
185 52
7 73
821 90
126.93
01 07 97
01 07 98
01 07.99
30 06 2000
EART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 fPAUSA 2\ 1922) 725| P.rlod Name of Scheme To From |
| 30 06 97 MIP 97 (III) 30 06 93 01 07 9 7 30 06 19 01 07 98 30.00.2000 01.07.99 |
| MIP 97(IV) 01 11 97 30 06 98 01 07 98 30 06 99 01.07.99 3006.2000 |
| MIP "7(V) 30 06 98 01 01 98 30 06 99 01 07 98 30.06.2000 01.07.09 |
| IISFUS 97(11) 30 06 98 01 02 98 30 06 99 01 07 98 30 06 2000 01.07.99 |
| MIP 98 30 06 98 01 04 98 30 06 99 01 07 98 30 06.2000 01.07.99 |
| IISRJS 98 01 06 98 10 06 18 01 07 98 30 06 rc> 01.07.99 30.06.2000 |
| Nni FUND 30 OS 90 01 06 98 01 07 98 30 06 09 |
Net
Income
Income
Distribution
lnv""tiDle
Fund* as of
30.06 2000
% Hoto of
Returns
Assured
RflBervei B8 Ot '0 06.2000 0U0 0 21
73 40
96 36
13
92 48
108 55
970 17
192.82
134.07
6.99
76 69
75 57
K'50
111 72
Bfl B2
1048.il
147 42
-16
163.91"
r
^3 T<
11 75
31 93
A 7 11
109.43
5?7 83
14 67
66.31
15 58
40R8
12 75
9b 04
07 52
v J8
792.94
107.06
150^6
31 59
17 50
30 02
111 /""-
11070
1014.86
142 23
175.00
48 0-
1 10 13 50
12.1 "V.
184.98
1168.43
?5 8t ' 17 r1 iGb 1S
-20 89
0 2b
1J50
8 30
| MIP 9 |
| 147 41 MIP 98 (III) 01 09 90 30 06 99 i bU 30.06.2000 273 04 01.07.99 111701 |
| MIP 98 (IV) 01 12 98 30 06 99 12 50 01.07.99 961 71 30.0e.2000 211 Ti |
| IISFUS 08 (II) 30 06 99 01 01 99 1400 30.06.2000 01.07.99 1308 27 173 / |
| MIP 98 (V) 01 02 99 30 06 99 12 50 ?9 4H 01.07.99 30.06.2000 873.21 140.02 |
| CQQFB* 01 P7 •'B 30 06 99 1400 210 77 01.07 90 30-06.2000 518.24 3721.59 |
| RUP 94 (II) 30 06 99 01 07 98 HS1500 becomes 31 63 Rs 21000 In 20 yrs 30.06.2000 99.19 01.07.99 611.92 |
| MIP 99 01 06 99 30 06 99 10 75 23 59 01.07.99 2707.20 30.06.2000 374.41 |
| CQQF 86 (RE LAUNCH) 01 07 98 30 06 99 12 00 -2 63 01.07.00 320.8 30.06.2000 33.04 |
| RUP 99 (RE LAUNCH) 30 06 99 01 07 98 n ' 500/- " becomes Rs 15,000/- In 20 yrs 30.06.2000 7 2^' 01.04.99 146.11 |
| 30 06 2000 MIP 99 II S 01 0B 99 10 50 1314.29 1?1 5S |
| MIP 2000 $ 30 06 2000 1386.89 88.02 01 02 2000 10 25 26268.06 TOTAL |
0 bi a e i 9 3a
$ Income Distribution Is no! assured, the capital Invested In the scheme Is protected on maturity
726 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART m—SEC. 4UNIT TRUST OF INDIA
CORPORATE OFFICE
13, Sir Vlthaldas Thackersey Marg (New Marine Lines), Mumbal-400 020, Tel: 2068468
ZONAL OFFICES
Western Zone: UTI Tower, 3n' Block, Bandra-Kurla Complex, Bandra (EE), Mumbai-400 051. Tel: 6520850. • Eastern Zone: 4 Falrlie Place, 1st Floor, Calcutta-700 001 Tel. 2107"3C/7701. • Southern Zone- UTI-House, 29, RajaJI Salal, Chennai-BOO 001 Tel: 5210356 to 59. • Northern Zone: Jeevan Bharatl, 13th Floor, Tower II Connaughl Circus, New Delhi-110 001. Tel. 3329868/3731401.
BRANCH OFFICES UNDER WESTERN ZONE JURISDICTION
MUMRAI MAIN BRANCH OFFICE
Commerce Cer.tre-1, 20th Floor, Cuffe Parade, Colaba, Mumbai-400 005 • Tel.: 218 1600/218 1254
BRANCHES WHERE APPLICATIONS CAN BE TENDERED
Ahmedabad: UH House, Near Milhakhall Railway Bridge, Off. Ashram Road, Ahrnedabad-380 009. Tel: 6583864' 6&83G43 Barndi>; 'Meghdhanush' 4th & 5th Hoor, Trampflk Circle, Race Course Road, Baroda-390 015 Tel: 332481. Bhopal: 1st Floe, Panga J^ITI.J'II Oommeri U Complex, Plot Mo. 202, Maharana F'ralap Naga', Zone I, Scheme 13, Habewb Ganj, Bhopal-462 001. Tel: 558308. IndOie- r,ty Cuntrj, 2nd Fioor, 5"G, M G Rood, lndore-452 001 Tel 535607. Kolhapur: Ayodhya Towers, C.S. No 511 KH-1/2, 'E' Ward, Dabholkar Corner S'alion Hoad, Kolhapur"t1R 001. Tel. 657315. MlimJjfll: (1) Unit NoZ, Block 'B', Opi>. JVPD Shopping Centre, Gdi Mohar Cross Road No 9 Anih.-n (\if). Mjmbai-400 049. Tal fi_'0M95 t?" Lotus Court B^iUing. 196, Jamshedjl Tata Road, Batkbay Reclamation, Mumbai-400 020 Tel 2%UJ2I/B*!2 (For Mumbai Mam Brancti Office). (3) ShractdKi Shopping A y NRI Centre: PO. Box 1216, Postal Code 112, Ruwl Branch. Sultanate of Oman Al Khuwir, P.O. Box 1216, Ruwi-112 Buralml. P.O. Box 358, Buraiml-512 j Fahud: P.O Box 54, Mina-AI-Fahal-116 Marmul: P.O Box 54, Mma-AI-Fahal-116 Mlna Al Fahal. P.O. Box 64, Mlna Al Fahal-116. Muikar Al Murtaffa: PO £ Box 559, CPO Seeb 111. Muttrah: P.O. Box 117, Mutlrah 114. Nlzwa. P.O Box 71, Nlzwa 611. Qurum. P.O. Box 43, Mlna Al Fahal-116. Salalah. P.O Box y 1453, Salalah 211. Slear P.O. Box 11. Ibri 511. Sur: P.O. Box 651, Sur 411PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23,1922) ir
UT/DBDM/ R- fb/SPD-66/2000-2001 7th December, 2000
The amendments to the provisions of the Retirement Benefit Plan(RBP) formulated under section 19(1) (8) (c) of the Unit Trust of India Act, 1963(52 of 1963) in relation to the Retirement Benefit Scheme made under section 21 of the said Act, approved by the Executive Committee in the meeting held on 17th September, 1999 is published herebelow.
SCHAI^ER.!! DO" H i' KNERAL MANAGER ri"f,&i!NESK" DEVELOPMENT AND MARKETING728 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART HI—SEC. 4
ANNEXIJRE
1. The first sentence of the third paragraph of clause III titled.'Minimum amount of investment* in the plan pn.. j'-ions, is amended as: An investor may invest * ' a maximum of 12 instalments a year for a minimum of Rs.5()0/-(sale value) each
2. The follow .ng ma\ he inserted as a new clause IIIA titled 'Direct payment through salary \n the plan provisions:
(a) 1 he Trust may accept Irom individuals the payment of contributions through deduction made by their employers under a 'Salary Savings Plan' (SSP). Present!v pjvnicnt of contributions thn>ugh SSP is accepted from employees working with select organisations/companies.
(b) An employee would be allowed to join the plan through SSP only if he joins it afresh. The existing membeis of the plan would hot be allowed to pay contrihutvn.s under the SsP
(c) Persons intending to join RBP through 'SSP' shall authorise his employer with whom III I has arrangen.rn.-, to deduct fiom his salary every month an contribution as indicated b\ the employee.
(d) An institution investing on behalf of its employees will have to invest a minimum amount of R-* >(H>0 - per month (or such minimum amount as may ic decided b\ thi1 I rust Irom time to time). I lie restriction ol investing a minimum amount of Rs.500/- at a time by an in in ldua) is not; ppliuihle under SSP.
(!'i I i _• i mplo-' ei will liiiui-.h U) ihe frusl a list of its employees to be covered by t!.e S\i ippioxal. An> further addition to the list •will also require prior appro: ,ii \\ hile appmving the names of employee's the Trust will allot a specific folio to e.vh eiiiplovee wliuh hu'j to be, mentioned while forwarding the contributions and uthei correspondent..
(g) The contribution will be capitalised at the sale price prevailing on the date of receipt of funds by the I rust.
(h) A membership advice, shall be sent at the time of the first contribution evidencing that the empUnec has been admitted as a member under the scheme and the plan made ihereimder. Thereafter an annual statement of account indicating total invest[netil "made under the plan during the fiscal year dnd outstanding rumher of units, as on 31st March of the year will be sent to each member e\ery \ ear lor lax purposes..
^ (i) Foi employees n >i able to complete investment of Rs. 10,000/- before 52'years a\~ age or if anv of them leaves the employ^tn* before that, the institution/employee will have an option to put in the balance amount. Else, as per the scheme provisions the investment will be returned to the concerned employee aftei deducting 10% of the repurchase amount as penalty.
0) Persons covered under the 'SSP' and desirous of making additional investments under the plan will be require-'.! io open a separate account with' the 1 rust.
PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922> 729No. 3-7/W-SDF
Government of India Ministry of Consumer Affairs, Food & Public Distribution
Department of Food & Public Distribution
Krlshl Bhavan, New Delhi
Dated: the /5**rDec.2OOO
Memorandum
Subject:-.Sugar Development Fund Act. 1982- Report for the financial year 1999-2000.
The undersigned is directed to forward herewith the Annual Report for the financial year 1999-2000 for publication in the Gazette of India, Part-Ill., Section 4 in its next issue.
Two copies of the Gazette may please be supplied' to this Ministry at an early date.
(S. B.Biswas) Director(SDF)730 THE GAZETTE OF INDIA, JANUARY 13. 2001 (PAUSA 23, W22) [PAR-, HI SEC. 4
Government of India
Ministry of Consumer Affairs, Food & Public Distribution
Department of Food & Public Distribution
Krishi Bhavan, New Delhi
Dated, the IjJ&pec, 2000
No. 3-7/9Q-SDF. In persuance of Section 7 of the Sugar Development FundAct,1982 (4of 1982), the Central Government hereby publishes the following report containing an account of the activities financed under the Act cjuring the financial year 1999-2000.
2. The Act provides for the settkg up of a fund consisting of (a) amounts equivalent to the proceeds - of duty of excise levied and collected under the Sugar Cess Act 1982 (3 of 1982) reduced by the cost of collection as determined by the Central Government; and (b) income from investment of the proceeds of the fund. A sum of Rs. 355,56,61,949.00 (Rs. Three Hundred Fifty Five Crores, Fifty Six Lakhs, Sixty One Thousand and Nine Hundred Forty Nine only) consisting of Rs, Two hundred f fly crores by transfer of cess on sugar and Rs. One hundred five crores fifty six lakhs sixty > ? Ihousmi and nine hundred fprty nine only being credit for repayment of instalment of • J ic principal o i loan and interest thereon, was credited to thr fund -luring the financial >cat With the tr -dit, the balai.ee in the fund ro^e \u Rs. 1181 V, ':>,Vib {ti*. Eleven hundred Eighty one crores , twenty lakhi. My five thousand, three hundred and ninety six only). Out of this, a total expenditure of Rs. 200,6101257.00 (Rs. Two hundred crores, sixty one lakhs, one thousand, two hundred and fifty seven only) was incurred as detailed below:-
FIGURES IN WHOLE RUPEES
MAJOR HEAD 2408
469,05,322 to) 02.02.01 & 02.02.50 Administration of Sugar Development Fund
710,02,305 b) 01.00.33 Subsidy for maintenance of buffer stock of sugar
of 65,49,000 JJ
0,; ( A HI Orants-in-aid for development Sugar Industry
33,79,041 d)
lU.
Expenditure on National Institute of Sugarcane and Sugar Technology MaPART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 731
MAJOR HEAD 6860
a) . 02.01.55 - Loan for Rehabilitation/Modernisation 160,03,52.800 of Sugar Mills,.
b) 02.02.55 - Loans to Sugar Mills for Cane Development 26,85,50,300 MAJOR HEAP 4408
National Sugar Institute of Sugarcane and Sugar Tcchnogy
93,62,480 Mau
TOTAL 200.61.01.257 The balance #t credit of the fund at the close of the financial year was Rs. 980,59.54 J39 (Rs. Nine hundred eighty crorcs, fifty nine lakhs, fifty four thousand, one hundred thirty nine only).
Loans for development of Sugarcane were disbursed to 42 Sugar Mills during financial year 1999-2000. In addition, loans were disbursed to 30 Sugar. Mills augmenting the shortfall In the promoters contribution for rehabilitation/ modernisation of the plant and machinery of the mills.
732 THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) [PART III—SEC. 4A STATEMENT OF ACCOUNTS FOR THE FINANCIAL YEAR 1999-2000 IS GIVEN
BELOW:-
SUGAR DEVELOPMENT FUND
iMgures in whole rupees)
(I
VO. DETAILS
s.r
AMOUNT
1. Opening balance on 1.4.1999 A mount credited during 1999-2000 Transfer from Cess on Sugar
a)
Interest on SDF Loans
b)
c) Repayment of instalments of loan for cane development & modernisation/ rehab, of sugar mills.
TOTAL
Ex|
pcnditure incurred during 1999-2000
Admn. Of SDF
a)
b) Subsidy for maintenance of buffer stock of sugar
c) Grants-in-aid for development of sugar industry
d) Loans for Modernisation/Rehabilitation of Sugar Mills.
e) Loans to Sugar Mills for Cane Development
f) Expenditure on National Institute 1 of Sugarcane & S.T., Mau.
Fotal
:
Balance as on 31.3.2000 ]
AMOUNT 825,63,93,447 250,00.00,0( )0
)
32,93,40,40?
72,63,21,540 355,56,61,949
1181,20,553% 4,69,05,322
710,02,305
65,49,000
160,03,52,800
26,85,50,300
27,41,530
2006101257
9805954139
-t^BTBISWAS) Director (SDF) P A R T WaldftS/GeaJFaMkstkn: 513/2000/ In exercise of the power ceaferred Under Sectiea 27 ef 1M Wrirf Act, 199S, wfckfa we accearible by ae attdtiftae delegated power by tbe Administrator, Punjab Wafcf Board Un4er Section 48 of the WalrfA^199& Properties are b e r e / ^ r c ^ r a t a S u ^ W^
t i l
| Sr. N u n * of Wakf No | DUtt. TehsU | Village Kh.No. | Area Value In | Nature & HowtheWfcfcf Re marks Object of is Wakf Administered , | |||||
| 1. Graveyard | Kapurthala | ,46 Sandir Ja^c- | K - M 1000000/- 10 - 0 | Direct Mgnt. of Religious PWB.A/Cantt | |||||
| 2. Mosque | -do- | Charagpur 24/5 15/10 | 7 - 11 300000/- 7 - 4 14 - 15 | -do- -do- | |||||
| 3 Graveyard | -do- | 67 Aiodtpur HB51 | 10 - 00 2090007- | -do- -do- | |||||
| 4. -do- | Kapurthala Suttanpur .Lodhi | 97 Busowal 125 | 3 - 6 250000/- 3 - 2 6 - 8 | ndo- -do- | |||||
| 5. Khanqah | Amritsar Ajnala | 6/16 Toptala 17/1 | 5 - 2 260000/- 2 — 2 7 - 4 | -do- -do- | |||||
| 6. Graveyard 7. Mosque | Kapurthata -do- | 59 Gadani 9/11/2 Passon 12 19 20/1 | 1 6 - 9 1200000/- 3 - 0 2100000/- 8 - 0 7 - 7 3 - 0 2 1 - 7 | -do- -do- -do- -do- | |||||
| Graveyard 8. | Amritear 5a ba Bakala | 108/2 Mattewal 106 108/1 | 8 - 4 | 150000/- 2 - 8 0 — P 11 — 9 | -do- -do- |
7 3 3
| 4.9. | -do- | Kapurthala | 117 Religious ' 800000/- Booh I 3 - 5 -do- 109 2 - 17 I 6 - 2 | ||||||
| 10 | Wakf property | Fatehgarh Sahib | 699 10000a'- 0 - 18 -do- Ajnali -co- 867 2 - 13 3 — 11 | ||||||
| 11. | Khanqah | Kapurthala | Hamira 2596 2648 3 - \o 2696 1 " 1 % - 8 2598/1 2597 | ||||||
| Takia | -do- | -do- 282 ! \JZ - 2 | |||||||
| Mosque | -do- | -do- 2628 | 3700000/- -do- 7 - 12 -do- 48 - 17 | ||||||
| 12. | Takia | Kapurthala | Ttaehkanjla 9/9 • 25 10/20 | 7 - 18 800000/- -do- -do- 1 - 12 3 - 0 12 - 10 | |||||
| 13. | Graveyard | Kapurthala Bhofoth | 103 Surkk 372 374 363 364 365 366 367 368 | 39 - 9 870000/- -do- -do- 3 - 1 5 - 10 4 - 3 2 - 18 7 - 18 9 - 10 8 - 18 5 - 5 86 - 11 | |||||
| 14 | Graveyard | Ludhiana PayaJ | Jhangir 14/22/1 | 1 - 12 40,000/- -do- -do- 1/2 Share | |||||
| 15. | -do- | Gurdaspur | Gurdaspur 101/1 101/2 101/3 101/7 101/4/2 101/8 101/9 | 6 - 3 540000/- -cto- -do- 15 - 7 8 - 18 17 - 10 4 - 7 1 - 0 1 - 10 54 - 15 |
| .16 | Islamia School & College | Jalandhar | Jalandhar | 16425 | B - B 5 - 12 | 2240000/- ^do- | -do- | ||
| 17. | DafgahHzt. MabhdoomAk Ahmed Shah | -do- | -do- | 16432 73183 | 17 - 12 3 - 13 2 1 - 5 | 20000/- -do- | -do- | ||
| 18. | Graveyard | Jalandhar | Jando Sin^ia | 746 747 748 | K - M 0 - 5 0 - 4 0 - 2 0 - 11 | 220000/- -do- | -do- | iI i i! | |
| 19. | -do- | Kapurthala Bhoiath | SkJhwan | 103 107 | 1 - 14 4 - 16 7 - 10 | 700000/- -do- | -do- | ||
| 20. | -do- | Gurgaon | Malab | 380 | 2 - 11 | -do- 40000/- | -do- | ||
| 21. | -do- | Amabala Cantt | RHA Bazar (Topkhana Bazar) Ambala Cantt | 38 - 0 Out of (4.465acres) | 4000000/- -do- | -do- | |||
| 22 | -do- | Gurgaon | Chand^-rtC | 144 | 7 - 2 | 200000/- -do- | -do- | ||
| 23. | Muslim ChopaJ | KamaJ | Mohaliah Ghosian | 3396 | 83 Sq. yrd | 400000/- -do- | -do- | ||
| 24 I | Dargah Khalid Bin WalkJ | Ropar | Khalid Bin Walid(351) | 3 o 6 ^ £6 67 70 71 72 73 74 120/75/2 76 | B - B 5 - 18 59 - 2 75 - 10 4 - 6 7 - 12 5 - 13 4 - 15 2 - 9 3 - 16 2 - 16 3 - 18 1 - 07 92 - 09 100 - 00 53 - 9 74 - 16 | -do- -do- |
| 77 78 79 80 81 89/9i '82 §r 83 | 25 - 13 74 - 7 95 - 14 7 - 8 1 - 07 53 - 13 B B 6 - 14 75 - 03 | i ! |
G A Z E
I
T E
i
l
O F
I
i i
N D
I
A
,
l
B B 6 - 14 75 - 03 81 - 00 9 - 12 234 - 07 9 - 00 15 - S 63 - Ot 7 - (X* 78 - 00
83 91/84 92/84 93/85 94/85 86 95/87 93/87 88
J
1350 - 2
A N U A R Y
1 3
,
? 0
(
<
l
( 1 1
f
P A U S A
2 3
, (
3 - 07 I - 7 1 - 16 0 - 7 1 - 16 0 - 12 32 - 00 0 - 14 1 - 4
i
47 7MIN |7MIN 7MIN 7MIN VMIN $MIN 7MIN *f MiN 100/6/2
1 9 2 2
)
3*- *
5 - 0
[
90 - 11
P A R T
T
i l
—
S E C
.
4
| Graveyard 25. | ,Satemba Gurgaon Nuh | S3 | K - M 1 - 3 | 3000QA | ||
| -do- 28. | Rohtak Busana (46) Gohana | 122 | K - M 0 - 0 | 8000/- | ||
| Khanqah 27. i | Yamunana Bhangra HB.9. gar (Chahhchr- -Ui) | 18/2 ^ -"V- 19 20 - ^ 23/1 - " | 4 - 0 9 - 0 1 - 1 1 - 6 15 - 7 | 200000/- | ||
| 28. Graveyard | Mian pur Amritsar (35) Taran Taran | 343 | 4 - 0 | 100000/- |
| 3000QA -do- ReWgious 8000/- 200000/- -do- 100000/- -do- | -do- Direct Mgnt. of ' PWB.A/Cantt -do- -do- | |
O F
I
N D
I
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
) 1.Sr. No. 1 According to Jamabandi, 1996-97 and report of Estate Officer, Kapurthala 2. ST. NO. 2 According to Jamabandi, 1997-98 and report of Estate Officer, Kapurthala 3. Sr. No. 3 According to Jamabandi, 1961-62 and report of Estate Officer, Kapurthata 4. Sr. No. 4 According to Jamabandi, 1996-97 and report of Estate Officer, Ka jurthaJa 5. ST. NO. 5 According to Jamabandi. 1960-61 and report of Estate Officer, Annitsar 6. Sr. No. 6 According to Jamabandi, 1984-85 and report of Estate Officer, Kaputhala 7. Sr. No. 7 According to Jamabandi, 2010-11BK, 1959-60 and report of Estate Officer, Kapurtnala 8 Sr. No. 8 According to Jamabandi, 1993-94 and report of Estate Officer, Amritsar 9. Sr. No. S According to Jamabandi, 1997-98 and report of Estate Officer, Kapurtnala 10 Sr. No. 10 According to Jamabandi, 1995-96 and report of Rent Collector, Strfiind 11 .Sr. No. 11 According to JamabandL 1996-97 and report of Estate Officer, Kapurthata 12. Sr. No. 12 According to Jamabandi, 1995-96 and report of Estate Officer, KaptirtnaJa 13. Sr. No. 13 According to Jamabandi, 1958-59 and report of Estate Officer, Kapurthala 14. ST. NO. 14 According to Report of E.O. Kapurthala dated 3.102000 15. Sr. No. 15 According to Jamabandi, 1994-95 and report of Estate Officer, Batala 16. ST. NO. 16 According to revenue record and report of Estate Officer, JaJandhar 17. Sr. No. 17 According to revenue record and report of Estate Officer, JaJandhar 18 ST. NO. 18 According to Jamabandi, 1996-97 and report of Estate Officer, JaJandhar 19. ST. NO. 19 According to Jamabandi, 1994-95 and report of Estate Officer 20 Sr. No. 20 According to Jamabandi, 1938-39 and report of Estate Officer, Gurgaon 21 Sr. No. 21 According to Report of AmabsJ dated 15.9.2000 & copy of general land register.
7 3 7 7 3 8 22 Sr. No. 22 According to Jamabandi, 1987-88 and report of Estate Officer, Gurgaon 23. Sr. No. 23 According to Letter of H.O. vide No.32 Lacq./TSI+Y-2/176/91/9321 dated 31.10.2000 24. Sr. No. 24 According to Jamabandi 1995-96, 1943-44 and Punjab Haryana High Court order of Hon'ble Justice G.C Garg dated 19.10.93 titled Tara Singh v/s FC, Punjab CW No.11461 of 1991 and report of Estate Officer date 19.99 and W.C. opinion dated 16.3 2000 vide file No 45/Genl/Gazette/Spi<1)/99.
25 Sr. No. 25 According to Jamabandi, 1996-97 and report of Estate Officer dated 27.10.2000 26 Sr. No. 26 According to Rent Collector, Gohana Requisition dated 27.10.2000. 27 Sr. No. 27 According to Jamabandi, 1997-98 and report of Estate Officer, dated 6.11.2000. 28 Sr. No. 28 According to Jamabandi, 1996-97 and report of Estate Officer, dated 7.11.2000.
T H E
G A Z E T T E
O F
I
N D
I
(4OTlaq Ahmed Khani) Chief Executive Officer
A
,
J
A N U A R Y
1 3
,
2 0 0 1
(
P A U S A
2 3
,
1 9 2 2
)
[
P A R T
I I I
—
S E C
,
4PART III—SEC. 4] THE GAZETTE OF INDIA, JANUARY 13, 2001 (PAUSA 23, 1922) 739 PUNJAB WAKF BOARD AMBALA CANTT.
Corrigendum
No. Wakf-45(2)/Gea/Pub/(512)/2000 (Corrigendum):- In exercise to the power conferred under
Section 27 of the Wakf Act, 19
Administrator, Punjab Wakf Board U/S 40 of the Wakf Act, 1995, the following corrigendum's
published in the Govt of India Gazette Part III Section 4.
| Sr. No. | Sr. No. of Date of Page No. Gazette of Gazette Gazette | District/Tehsil Village | Amendment | |||
| 1. | 2079 123 11.9.1971 | Kapuithala Noorpur Rajpton 1 | In column No.6 & Kh.No 77/17/2 mav be read as Kh. No. 27/17/1 | |||
| 2 | 2114 469 | 11.9.1971 | -do- | Waryah (161) | In column No5 Area OK-10M may be read as 1K-0M | |
| 3. | 429 2111 | .do- | -do- | Aujla Jogi 196 | In column No6 Kh. No. 447, may be read as Kh. No.448 | |
| 4. | 3253 5 | 5.8.2000 | -do- | Mansurwal Dona HB 149 | In column No4 mansoorwal Dona HB 149 may be read as Kapurthala HB 149 | |
| 5. | 1177 13 | 29,4.2000 | Patiala Rajpura | Runi | In column No5&6 48 Area IK- 19M may be Inserted. | |
| 6. 7. | 3379 218 2489 | 18.3,1978 9 1.1971 | Amritsar Amritsar TaranTaran | Tung pain Urban Hari | In column No 4 Village Tungbala may be read as village Tung Pain In column No 4 Village Hair 23 may be read as village Hair HB No. 410 and Column No. 6 Kh, No. 25 may be read as Kh. No. 35. | |
| 8. | 2770 10 | 6.8.1983 | Jalandhar | Jalandhar HB307 | In column No. 2 Graveyard, may be read as Takia | |
| 9. | 11 -do- | -do- | -do- | -do- | In column No. 5,6,2 graveyard may be read as Takia bearing Kh. No. 6417,6418,6419,6414, 6410 min 19283/6413, in column No. 546 and column No. 2 may be read as Takia instead of Graveyard, while Kh. No. 6421, 6423,21381/6415, 21382/6405 8118/6405, 8118, 8510,2558,2561,10347,10555, 14748 & 3964 may be read as graveyard. | |
| 10. | 2978 1563 | 19.12.1970 | Kurukshctra Thanesar | Bahari (389) | In column 6,7 measuring 1K-18M, Kh. No. 1363 may be read as measuring 0K-8M, Kh. No. 1363 mm total 2K-2M. | |
| 11. | 1491 536 | 29.5.1971 | Patiala Basi Pathana | Bassi Pathana | In column No. 5 Area 2648 Sq. ft. may be read as Area 2648 Sq. yards. | |
| 12. | 265 3100 | 9.1.1971 | Amritsar Ajnala | Pathon Ncryal 284 | In column No. 6 Kh. No. 37/2, may be road as Kh. No. 37/3. |
Note:
No. 1. According to the report of E.O., Kapurthala dated 11.9.2000. No. 2 Accordin; to the Jamabandi 196-64 and E.O. Ropar dated 16.10.2000 No. 3 According to the report of Estate Officer, Amritsar dated 8.11.2000. No. 4. According to the report of E.O., Kapurthala dated 16.10.2000 and Jamabandi dated 1997-98. No. 5. According to the Jamabandi 1997-93 and report of E.O. dated 16 10.2000. No. 6 According to the Jamabandi 1992-93 and report of E.O. dated 29.9.2000 No. 7 According to report of E.O. Rajpura dated 29.9.2000. No. 8 According to report of E.O. Amritsar dated 6.4.2000 and Jamabandi 1973-74, 9394. No. 9 According to report of E.O. Amritsar dated 2^.10.1998 and Jainabandi 1994 95. No. 10 According to report of E.O. Jalandhar dated 8,7.1999 and Jamabandi 1943^*3. No 11 According to report of E.O. Kuiukshctra dated 21.6.1999 and Jamabandi 1993-94. No. 12 According to report of E.O. Rajpura and H.O. Letter No. 24/Lease 4/2000/510M dated 25.1.2000, 17.11.2000.
\ i k h l aq Ahmed Khan)
Chief Executive Officer PRINTED BY THE MANAGER, GOVERNMENT OF INDIA PRESS, FARIDABAD, AND