Home India Ministry of Ports, Shipping and Waterways In exercise of the powers conferred by section 5 of the Seam...
Date: 2019-12-24 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 5 of the Seamen s Provident Fund Act,

Issued by Ministry of Ports, Shipping and Waterways · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Ministry of Shipping on December 19, 2019, establishes the Board of Trustees for the Seamen's Provident Fund. It is effective from the date of publication in the Official Gazette and supersedes notification S.O. 876(E) from March 21, 2014, except for actions already taken or omitted before this supersession. The notification lists the individuals appointed to the Board. Key Points / Main Content: * **Establishment of the Board of Trustees:** * The Central Government constitutes the Board of Trustees of the Seamen's Provident Fund. * The effective date is the date of publication in the Official Gazette. * **Supersession of Previous Notification:** * This notification supersedes notification S.O. 876(E) dated March 21, 2014. * The supersession does not affect actions already taken or omitted before the new notification. * **Composition of the Board:** * The Board includes the following members: * Director General of Shipping, Mumbai (Chairman ex-officio). * Deputy Financial Advisor or Director Finance or Deputy Secretary, Government Finance, Ministry of Shipping, Delhi. * Deputy Director General of Shipping Crew, Mumbai, dealing with Seamen's Welfare. * Representative of the Central Provident Fund Organisation. * Representatives from Employer Associations: * Capt. Rajesh Tandon, Foreign Owners Representatives and Shipmanagers Employers Representative Association * Capt.Mahendra Pal Bhasin, Maritime Association of Shipowners, Employers Representative Shipmanagers and Agents * Ms. Vaishali Ladi, Indian National Shipowners Association * Representatives from Seamen's Unions: * Shri Abdulgani Y Serang, National Union of Seafarers of India. * Shri Amar Singh Thakur, Maritime Union of India. * Shri. Swathanthiran Kalikovan, National Union of Seafarers of India. Impact Analysis: * **Seamen:** * Impact: Representation on the Board ensures their interests are considered in provident fund matters. * Action Required: Be aware of their representatives and communicate any concerns through them. * **Employers/Shipowners:** * Impact: Representation on the Board allows them to contribute to provident fund policy and management. * Action Required: Engage with their representatives on the Board to voice their concerns and suggestions. * **Ministry of Shipping:** * Impact: Responsible for overseeing the Seamen's Provident Fund and ensuring its effective operation through the constituted Board. * Action Required: Ensure the Board functions according to the Seamen's Provident Fund Act and Scheme. * **Central Provident Fund Organisation:** * Impact: Contributes to the Board's expertise and ensures alignment with broader provident fund regulations. * Action Required: Provide relevant expertise and support to the Board in managing the Seamen's Provident Fund.

Key Entities Referenced

Seamens Provident Fund Act, 1966: A legal act related to the provident fund for seamen. Seamens Provident Fund Scheme, 1966: A scheme established under the Seamens Provident Fund Act, 1966. Central Government: The governing authority responsible for constituting the Board of Trustees. Board of Trustees of the Seamens Provident Fund: The administrative body overseeing the Seamens Provident Fund. Ministry of Shipping: The government ministry responsible for maritime affairs and the Seamens Provident Fund. Mumbai, Maharashtra: City in India where the Director General of Shipping and Deputy Director General of Shipping Crew are located. New Delhi, Delhi: Location of the Ministry of Shipping. Central Provident Fund Organisation: A governmental organization, a representative of which is a member of the Board of Trustees.
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