Home India Ministry of Labour and Employment In exercise of the powers conferred by section 5 read with s...
Date: 2018-12-07 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Ministry of Labour and Employment · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 1182(E), issued by the Ministry of Labour and Employment on December 6, 2018, announces the Employees Provident Funds Amendment Scheme, 2018. This scheme, which comes into effect on the date of its publication, amends the Employees Provident Funds Scheme of 1952. The amendment inserts paragraph 68HH, which allows a member, on ceasing employment in a covered establishment, to withdraw a non-refundable advance of up to 75% of their Fund credit if they have been continuously unemployed for at least one month prior to application. The authority for this scheme is derived from section 5 read with subsection 1 of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952). The notification was issued under F. No. S-35012/8/2018-SS.II and signed by R. K. Gupta, Joint Secretary. The principal Scheme was published under S.R.O. 1509, dated September 2, 1952 and last amended vide number G.S.R. 436(E) dated May 4, 2017.

Key Entities Referenced

Employees Provident Funds and Miscellaneous Provisions Act, 1952: A labour law in India that provides for financial security and social welfare for employees. Employees Provident Funds Scheme, 1952: A scheme under the Employees Provident Funds and Miscellaneous Provisions Act, 1952, that provides for savings to employees for their retirement or other needs. Employees Provident Funds Amendment Scheme, 2018: An amendment to the Employees Provident Funds Scheme, 1952. Ministry of Labour and Employment: The Indian government ministry responsible for labour and employment policies. New Delhi: The capital of India, where the notification was issued. Central Government: The executive authority of the Republic of India. Official Gazette: A public journal and legal newspaper of the government. R. K. GUPTA: The Joint Secretary who signed the notification.
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