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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 185] NEW DELHI, SATURDAY, APRIL 1, 1972/CHAITRA 12, 1894

Separate paging is given to this Part in order that it may be filed as a separate compilation

MINISTRY OF LABOUR AND REHABILITATION

(Department of Labour and Employment)

NOTIFICATION

New Delhi, the 1st April 1972

S.O. 254 (E).—In exercise of the powers conferred by sub-paragraph (i) 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. 1758 dated the 29th April, 1971, the Central Government hereby directs that accumulations out of the 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 45%. (if) in State Government securities, the securities " guaranteed by the Central Government or the State Governments, in the tax-free Small Balance Savings securities and In the 1 year, 3 year and 5 year Time Deposits in Post Offices.

2. All re-investment 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 according to the pattern mentioned in paragraph 1 above.

B. The above pattern will be in force for the period from the 1st April, 1972 to the 31st May, 1972.