REGISTERED No. D-(D)-72
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 163] NEW DELHI, WEDNESDAY, MARCH 31, 1976/CHAITRA 11, 1898
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF LABOUR
NOTIFICATIONS
New Delhi, the 31st March 1976
S.O. 264(E).—In exercise of the powers conferred by Clause (a) of sub-section (3) of section 17 of the Employees' Provident Funds and Family Pension Fund Act, 1952 (19 of 1952), and in continuation of the notification of the Government of India, in the Ministry of Labour No. S.O. 286(E), dated 30-6-1975 the Central Government 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 any employee or class of employees exempted under paragraph 27 or as the ease may be, paragraph 27A of the Employees Provident Funds Scheme, 1952, shall transfer the monthly provident fund contributions, in respect of the establishment or, as the case may be, of the employee or class of employees 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 contributions from the employer, the Provident Fund accumulations in respect of the establishment or as the case may be, of the employee, or class of em- ployees that is to say, the • contributions, interest and other receipts as reduced by any obligatory outgoings, in accordance with the following pattern, namely:—
(i) Government securities as defined in Clause (a) of Section 2 Not less than 25% of the Public Debt Act, 1944 (18 of 1944) created and issued by the Central Government.
(721)
722] THE GAZETTE OF INDIA EXTRAORDINARY [PART II—(ii) Government securities as defined in Cause (2) of Section 2 "
of the Public Debt Act, 1944 (18 of 1944) created and issued by any State Government.
> Not less thar 25% (iii) Any other negotiable securities or bonds, the principal where of and interest whereon is fully and unconditionally guaran- teed by the Central Governmert or any State Government._
(iv) 7-Year National Savings Certificates (Secord Issue and Third Not exceeding 30 % Issue) or Post Office Time Deposits.
(v) Special Deposit Scheme introduced by the notification of the. Not exceeding 20% Government of India in the Ministry of Finance (Department of Economic Affairs) No. F. 16(1)—PD/75 dated 30-6-1975.
The above pattern will be in. force for the period from the 1st April, 1976 to 30th April, 1976.
2. All re-investment of provident fund accumulations shall also be made according to the pattern mentioned in paragraph 1 above.
3, The Board of Trustees shall formulate proper procedure for prompt investment or re-investment of accumulations in accordance v/ith the aforesaid directions.
[No. G. 27035(5)/76-PF. I(i)l
Sufc 3(ii)] THE GAZETTE OF INDIA EXTRAORDINARY 725.S.O. 265(E).—In exercise of the powers conferred by sub-paragraph (1) of paragraph 52 of the Employees Provident Fund Scheme 1952 and in continuation of the notifi- cation of the Government of India, in the Ministry of Labour No. S.O. 287 (E), dated 30th June, 1975, the Central Government hereby directs that all monies belonging to the Fund shall be invested in accordance with the following pattern, namely:—
(i) Government securities as defined In Clause (2) of Section 2 Noi less than 25% of the Public Debt Act, 1944 (18 of 1944) created and issued by the Central Government.
(ii) Government securities as defined in Clause (2) of Section "J 2 of the Public Debt Act, 1944 (18 of 1944) created [ and issued by any State Government. > Not less than 25%
(iii) Any other negotiable securities or bords,the principal whereof I and interest whereon is fully ard urcordhiorally guarsrtttd I by the Central Govcrcmert or dry State Goverrmer.t. J
(iv) 7-Year National Savirgs Certificates (Secord Issue ard Third Not exceeding 30% Issue) of Post Office Time Deposits.
(v) Special Deposit Scheme introduced by the ratification of the Not exceeding 20% Government of Irdiainthc Ministry of Pirarce (Dipartmert of Economic Affairs) No. F. I 6 ( I ) - P D / 75 dated 30-6-1975.
The above pattern will be in force for the period from the lot April, 1976 to 30tlk April, 1976.
2. All re-investment of provident fund accumulations shall also be made according to the jpattern mentioned in paragraph 1 above.
[NO. G. 27035(5)/76-PF. I (ii)J'
S. S. SAHASRANAMAN, Dy. Secy..
-724—72 T HE G A Z E T TE 0F INDIA EXTRAORDINARY [PART II—SEC. 3(U)]