## Policy Summary: UCO Bank Employees Pension Amendment Regulations, 2013
This notification, issued by the Board of Directors of UCO Bank on April 18, 2016, and published in the Gazette of India on February 27, 2018, pertains to amendments to the UCO Bank Employees Pension Regulations, 1995. The amendments are made in exercise of powers conferred by Section 19 of the Banking Companies Acquisition and Transfer of Undertakings Act, 1970, and Section 19 of the Banking Companies Acquisition and Transfer of Undertakings Act, 1980, following consultation with the Reserve Bank of India and with the previous sanction of the Central Government.
The key change introduced by the UCO Bank Employees Pension Amendment Regulations, 2013, reduces the qualifying service period from two years to one year in two instances within Regulation 50 of the UCO Bank Employees Pension Regulations, 1995: sub-regulation 1 and sub-regulation 6.
These regulations came into force on the date of their publication in the Official Gazette.
The original UCO Bank Employees Pension Regulations, 1995, were published in the Gazette of India, Part III, Section IV, dated September 29, 1995.
Key Entities Referenced
UCO Bank: A public sector bank in India, the subject of the notification.
Banking Companies Acquisition and Transfer of Undertakings Act, 1970: An Indian law that nationalized certain banks. UCO Bank's regulations are being amended under the powers conferred by this Act.
Banking Companies Acquisition and Transfer of Undertakings Act, 1980: An Indian law that nationalized certain banks. UCO Bank's regulations are being amended under the powers conferred by this Act.
Reserve Bank of India: The central bank of India, consulted by the Board of Directors of UCO Bank before making the regulations.
Central Government: The government of India, whose sanction is required for the UCO Bank regulations.
UCO Bank Employees Pension Regulations, 1995: The pension regulations of UCO Bank that are being amended.
UCO Bank Employees Pension Amendment Regulations, 2013: The amended pension regulations of UCO Bank being introduced.
Kolkata, West Bengal: The city in West Bengal where the UCO Bank Head Office is located, as indicated in the notification.
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PART III—Section 4
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No. 80] NEW DELHI, TUESDAY, FEBRUARY 27, 2018/PHALGUNA 8, 1939
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अअअअििििधधधधससससचचूूचचूू ननननाााा
कोलकाता, 18 अ(cid:5)लै , 2016
सससस..ंं..ंं एएएएचचचचओओओओ////ईईईईएएएएससससटटटटीीीी////2222000011117777----11118888////444477771111....————ब(cid:9)(cid:10)कंग़ कंपनी (उप(cid:19)म(cid:21) का अिध(cid:25)हण एवं अंतरण) अिधिनयम, 1970 क&
धारा 19 एवं ब(cid:9)(cid:10)कंग कंपनी (उप(cid:19)म(cid:21) का अिध(cid:25)हण एवं अंतरण) अिधिनयम, 1980 क& धारा 19 के अधीन (cid:5))यायोिजत
अिधकार(cid:21) के (cid:5)योग म , यकू ो बक(cid:9) के िनदशे क मंडल न े भारतीय 1रज़व3 बक(cid:9) के साथ परामश 3 के बाद क,6ीय सरकार क& पवू 3
मंजूरी के साथ यकू ो बक(cid:9) (कम3चारी) प,शन िविनयमन, 1995 म, आगे सशं ोधन के िलए िन;िलिखत िविनयमन =कया ह,ै
यथा :—
1. (1) ये िविनयमन यकू ो बक(cid:9) (कम3चारी) प,शन (सशं ोधन) िविनयमन, 2013 कह ेजाएंगे ।
(2) सरकारी राजप> म ,इनके (cid:5)काशन क& ितिथ से ही य े(cid:5)भाव म, आएंग े।
2. यकू ो बक(cid:9) (कम3चारी) प,शन िविनयमन, 1995 के िविनयमन 50 के उप-िविनयमन (1) म , “दो वष3” शBद के Cथान म , “एक
वष3” शBद को (cid:5)ितCथािपत =कया जाएगा ।
3. यकू ो बक(cid:9) (कम3चारी) प,शन िविनयमन, 1995 के िविनयमन 50 के उप-िविनयमन (6) म , “दो वष3” शBद के Cथान म , “एक
वष3” शBद को (cid:5)ितCथािपत =कया जाएगा ।
वी. सी. महाजन, उप महा(cid:5)बंधक
[िवEापन III/4/असा./447/17]
फफफफुुुुटटटटननननोोोोटटटट :::: मलू िविनयमन, भारत के राजप> म, 29.09.1995 को (cid:5)कािशत =कए गए तथा उसके पHात =कए गए संशोधन
िन;िलिखत अिधसूचना संIया म ,िन;ानसु ार भारत के राजप> म, (cid:5)कािशत =कए गए :-
1082 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
UCO BANK
(HEAD OFFICE)
NOTIFICATION
Kolkata, the 18th April, 2016
No. HO/EST/2017-18/471.—In exercise of the powers conferred by Section 19 of the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Section 19 of the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1980, the Board of Directors of UCO Bank after consultation
with Reserve Bank of India and with the previous sanction of the Central Government, hereby makes the
following regulations further to amend the UCO Bank (Employees’) Pension Regulations, 1995 namely:—
1. (1) These regulations may be called UCO Bank (Employees’) Pension (Amendment) Regulations, 2013.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In sub-regulation (1) of regulation 50 of the UCO Bank (Employees’) Pension Regulations, 1995 for the
words “two years” the words “one year” shall be substituted.
3. In regulation 50 of the UCO Bank (Employees’) Pension Regulations, 1995, in sub-regulation (6) for the
words “two years”, the words “one year” shall be substituted.
V. C. MAHAJAN, Dy. General Manager
[ADVT.-III/4/Exty./447/17]
Foot Note : The Principal Regulations were published in the Gazette of India vide notification number
.............., published in the Gazette of India, Part III Section IV dated 29.09.1995 and
subsequently amended as under :
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.