MANU/LABR/0010/2016

Ministry : Ministry of Labour and Employment

Notification No. : GSR158(E)

Date of Notification : 10.02.2016

Date of Publication : 10.02.2016

Notification/ Circulars Referred : Notification number G.S.R. 25(E) dated the 14th January, 2016 MANU/LABR/0001/2016

Citing Reference:
Notification number G.S.R. 25(E) dated the 14th January, 2016 MANU/LABR/0001/2016  Referred

Employees Provident Funds (Amendment) Scheme, 2016

G.S.R.158(E).--In exercise of the powers conferred by section 5, read with sub-section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees' Provident Funds Scheme, 1952, namely :-

1.       (1) This Scheme may be called the Employees Provident Funds (Amendment) Scheme, 2016.

(2) It shall come into force on the date of its publication in the Official Gazette.

2. In the Employees' Provident Funds Scheme, 1952 (hereinafter referred to as the said Scheme), in paragraph 26A, in sub-paragraph (1), the Explanation shall be omitted.

3. In paragraph 68-NN of the said Scheme, for the figures and word "54 years" the figures and word "57 years" shall be substituted.

4. After paragraph 68-NNN of the said Scheme, the following new paragraph shall be inserted, namely :-

"68-NNNN. Option for withdrawal on cessation of employment.-

(1) The Central Board, or where so authorised by the Central Board, the Commissioner, or any officer subordinate to him, may, on an application made by a member in such form as may be specified, authorise payment to him from his provident fund account not exceeding his own total contribution including interest thereon up to the date the payment has been authorised on ceasing to be an employee in any establishment to which the Act........