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The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-sectopm (ii)
PUBLISHED BY AUTHORITY
No. III] NEW DELHI, FRIDAY, MARCH 28, 1969/CHAITRA 7, 1891
Separate paging is given to this part in order that it may be filed
as ft separate compilation.
MINISTRY Of LABOUR, EMPLOYMENT AND REHABILITATION (Department of Labour and Employment) NOTIFICATIONS New Delhi, the 28th March 1969
S.O. 1231.—In exercise of the powers conferred by clause (a) of sub-section 3) of section 17 of the Employees Provident Funds Act, 1952 (19 of 1952). and n supersession of the notification of the Government of India, in the Ministry of Labour, Employment and Rehabilitation (Department of Labour and Employment) To. S O. 2876, dated the 22nd August, 1968, the Central Government hereby directs hat every employer in relation to an establishment exempted under clause (a) or clause (b) of sub-section (1) of section 17 of the said Act or In relation to an mployee or a class of employees exempted under paragraph 27, or as the case nay be, paragraph 27A of the Employees' Provident Funds Scheme, 1952, shall transfer the monthly provident fund contributions within fifteen days of the close if the month to the Board of Trustees duly constituted In respect of that establish- nent, and that the said Board of Trustees shall invest every month within a period if two weeks from the date of receipt of the said amounts from the employer, he provident fund accumulations, that is to say the contributions, interest and undry receipts as reduced by any obligatory outgoings In accordance with the following pattern, namely —
The above pattern will be in force for the period from the 1st April, 1969
2. All re-investment of provident fund accumulations (whether invested in
securities created and Issued by the Central Government or in, wrings certificates
issued by the Central Government or in lecuritiea created and IflSutd by a State
Government) shall also be made according to the pattern mentioned In paragraph
1 above.
3. The Board of Trustees shall formulate proper procedure for prompt invest-
ment /reinvestment of accumulations In accordance with the aforesaid directions
and shall have it approved by the ftegional Provident Fund Commissioner con-
cerned.
[No. 3e(7)/67-PF.I/I.]
S.O. 1232.—In exercise of the powers conferred by sub-paragraph (1) of para-
graph 52 of the Employees' Provident Funds Scheme and In supersession of the
notification of the Government of India, in the Ministry of Labour, Employment
and Rehabilitation (Department of Labour and Employment) No. S.O. 2877, dated
the 22nd August, 1988, the Central Government hereby directa that accumulations
out of provident fund contributions, interest and other receipts as reduced by
obligatory outgoings, shall be Invested in accordance with the following pattern,
namely:—
(i) in Central Government securities. •. not less than 50 per cent,
(ii) the balance In "ecurltiea created
and issued by State Govern-
ments, Small Savings and other
securities guaranteed ,by Qie
Central or State Governments.
2 All reinvestment of provident fund accumulations (.whether invested in
securities created and Issued by the Central Government or In savings certificates
issued by the Central Government or in securities created and Issued by a State
Government) shall also be made ocwrding
1 above.
3 The above pattern will be in force for the period from the 16t April, 1969,
to the 31st March. 1970-
[No. 38(7>/87-OT\I/II.]
fl. T. M1RANI, Jt- Secy.
