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REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 326] NEW DELHI, MONDAY, SEPTEMBER 24, 1973/ASVINA 2, 1895

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 24th September 1973

8.0. 514(E).—In exercise of the powers conferred by clause (a) of sub-section (3) of section 17 of the Employees¹ Provident Funds and Family Pension Fund Act 1952 (19 of 1952), and in supersession of the notification of the Government of India in the Ministry of Labour and Rehabilitation (Department of Labour and Employment) No. S.O. 192E, dated the 31st March, 1973, the Central Govern- ment hereby directs that 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 employee or a class of employees exempted under paragraph 27, or as the rase may be paragraph 27A of the Employees' Provident Funds Scheme, 1952, shall transfer the monthly provident fund contributions within fifteen days of the close of the month to the Board of Trustees, duly constituted in respect of that establishment, and that the said Board of Trustees shall invest every month, within a period of two weeks from the date of receipt of the said amount from the employer the provident fund accumulations, that Is to say, the contribu- tions, interest and sundry receipts as reduced by any obligatory outgoings, in accordance with the following pattern, namely; —

(i) State Government securities and State or Central Government guaranteed

securities—25 per cent.

(ii) Post Office Time Deposits and Small Savings.—75 per cent.

The above pattern will be in force for the period from 1st October, 1973 to 31st March, 1974.

2. All re-investment of provident fund accumulations (whether invested ir securities created and issued by the Central Government or in savings certificate! 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. (1717) 1718 THE GAZETlti OF INDIA EXTRAORDINARY [PART II—SEC. 3(10]

3. The Board of Trustees shall formulate proper procedure for prompt invest- ment or reinvestment of accumulations In accordance with the aforesaid dir^cton is.- and shall have it approved by the Regional Provident Fund Commissioner con- cerned,

[No. G. 27035(24)/73-FF.I/L] D, S. NIM. Jt. Secy.

PRINTED BY THE MANAGER, GOVERNMENT OF INIttA PRESS, MINTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF. PUBLICATIONS, DELHI. 1 0 73