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Date: 25-Apr-2024 Category: Extra Ordinary State: Union Government Country: India

Amendment in CBT, EPF

Issued by Ministry of Labour and Employment · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This notification issued by the Ministry of Labour and Employment amends a previous notification, S.O. 156(E) dated January 12, 2024, regarding the composition of the Central Board of Trustees under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

Key Changes

  • The notification substitutes the entry for serial number 8 under the heading 'MEMBERS' in the original notification.
  • The previous entry is replaced with 'Joint Secretary (Financial Markets), Department of Economic Affairs, Ministry of Finance, Government of India, New Delhi.'

Impact Analysis

Stakeholders

  • Employees and Employers: As beneficiaries and contributors to the Employees' Provident Fund, they are indirectly affected by changes in the governance structure.

Suggested Action Items

  • The Employees' Provident Fund Organisation (EPFO) should be informed about the change in the board's composition.

Key Entities Referenced

Employees’ Provident Funds and Miscellaneous Provisions Act, 1952: The principal legislation governing the Employees' Provident Fund in India. Section 5A empowers the Central Government to constitute the Central Board of Trustees. Central Board of Trustees: A body constituted by the Central Government to administer the Employees' Provident Fund. The notification pertains to a change in its composition. Ministry of Labour and Employment: The government ministry responsible for labour policy and the administration of labour laws, including the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Department of Economic Affairs, Ministry of Finance: A department within the Ministry of Finance. The Joint Secretary (Financial Markets) from this department is now a member of the Central Board of Trustees. Notification S.O. 156(E), dated 12th January, 2024: The original notification that this current notification amends. It pertains to the reconstitution of the Central Board of Trustees.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-25042024-253860 xxxGIDHxxx CG-DLxx-xEG-I2D5E0x4x2x0 24-253860 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1705] नई दिल्ली, बृहस्ट्प जतिार, अप्रलै 25, 2024/ििै ाख 5, 1946 No. 1705] NEW DELHI, THURSDAY, APRIL 25, 2024/VAISAKHA 5, 1946 श्रम और रोिगार मंत्रालय अजधसचू ना नई दिल्ली, 25 अप्रैल, 2024 का.आ. 1797(अ).—केन्द्रीय सरकार, कममचारी भजिष्य जनजध और प्रकीणम उपबंध अजधजनयम, 1952 (1952 का 19) की धारा 5क की उप-धारा (1) द्वारा प्रित्त िजियों का प्रयोग करते हुए, का.आ. 156 (अ.), तारीख 12 िनिरी 2024 द्वारा भारत के रािपत्र, असाधारण, भाग 2, खण्ड 3, उप-खण्ड (ii) में प्रकाजित भारत सरकार, श्रम और रोिगार मंत्रालय की अजधसूचना को संिोजधत करने के जलए जनम्नजलजखत संिोधन करती है, अर्ामत:- उि अजधसूचना में,- “सिस्ट्य” िीर्म के अधीन, क्रम सं. 8 और इससे संबंजधत प्रजिजियों के स्ट्र्ान पर जनम्नजलजखत को रखा िाएगा, अर्ामत:- “8. संयुि सजचि (जित्तीय बािार), आर्र्मक कायम जिभाग, जित्त मंत्रालय, भारत सरकार, नई दिल्ली.” [फा. सं. िी-20012/1/2023-एसएस-II] आलोक जमश्रा, संयुक् त सजचि टिप्पणी: केन्द्रीय न्द्यासी बोडम का पुनगमठन करते हुए मूल अजधसूचना भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (ii) म ें का.आ. 156(अ.), तारीख 12 िनिरी, 2024 द्वारा प्रकाजित की गई र्ी। 2708 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 25th April, 2024 S.O. 1797(E).— In exercise of the powers conferred by sub-section (1) of section 5A of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following amendments to amend the notification of the Government of India in the Ministry of Labour and Employment published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (ii), vide number S.O. 156(E), dated the 12th January, 2024, namely:- In the said notification, under the heading MEMBERS, for serial number 8 and the entries relating thereto, the following serial number and the entries shall be substituted, namely:- “8. Joint Secretary (Financial Markets), Department of Economic Affairs, Ministry of Finance, Government of India, New Delhi.” [F.No.V-20012/1/2023-SS-II] ALOK MISHRA, Jt. Secy. Note: The principal notification reconstituting the Central Board of Trustees was published in the Gazette of India, Part II, Section 3, Sub-section (ii), vide number S.O. 156(E), dated the 12th January, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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