Executive Summary:
This notification from the Ministry of Labour and Employment announces the Employees' Provident Funds Amendment Scheme, 2017. The amendment modifies the Employees' Provident Funds Scheme of 1952. It comes into force on the date of its publication in the Official Gazette, January 4, 2017.
Key Points / Main Content:
Amendments to the Employees Provident Funds Scheme, 1952:
* Paragraph 38, subparagraph 1: The words "or through scheduled banks in India including private sector banks" shall be inserted after "or through PayGov platform".
* Paragraph 48: The words "or through scheduled banks in India including private sector banks" shall be inserted after "or through PayGov platform".
Impact Analysis:
Employees and Employers:
Impact: Expands payment options for contributions to include scheduled banks in India, including private sector banks, in addition to the PayGov platform.
Action Required: Utilize the new payment options for contributions to the Employees' Provident Fund.
Key Entities Referenced
Employees' Provident Funds and Miscellaneous Provisions Act, 1952: The primary legislation being amended by this notification.
Employees Provident Funds Scheme, 1952: The scheme being amended by this notification.
Employees' Provident Funds Amendment Scheme, 2017: The name of the amendment scheme introduced by this notification.
Ministry of Labour and Employment: The ministry issuing the notification.
New Delhi, Delhi: Place of publication of the notification.
PayGov platform: A payment platform mentioned in the amendment.
scheduled banks in India: A category of banks, including private sector banks, through which payments can be made.
R.K. GUPTA: Joint Secretary who signed the notification.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (i)
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No. 06] NEW DELHI, WEDNESDAY, JANUARY 4, 2017/PAUSA 14, 1938
(cid:7088)म एव ंरोजगार म(cid:7074)ं ालय
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 4 जनवरी, 2017
सा.का.िन. 6(अ).—के(cid:7008)(cid:7076)ीय सरकार, कम(cid:6981)चारी भिव(cid:7020)य िनिध और (cid:7079)क(cid:7409)ण(cid:6981) उपबंध अिधिनयम, 1952 (1952 का 19) क(cid:7409) धारा 7 क(cid:7409)
उपधारा (1) के साथ प(cid:7407)ठत धारा 5 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए, कम(cid:6981)चारी भिव(cid:7020)य िनिध (cid:7021)क(cid:7409)म 1952 का और संशोधन करन े
के िलए िन(cid:7388)िलिखत (cid:7021)क(cid:7409)म बनाती है, अथा(cid:6981)त् :-
1. (1) इस (cid:7021)क(cid:7409)म का संि(cid:6979)(cid:7385) नाम कम(cid:6981)चारी भिव(cid:7020)य िनिध (संशोधन) (cid:7021)क(cid:7409)म 2017 ह ै।
(2) यह राजप(cid:7074) म(cid:7286) इसके (cid:7079)काशन क(cid:7409) तारीख को (cid:7079)वृ(cid:7275) होगी ।
2. कम(cid:6981)चारी भिव(cid:7020)य िनिध (cid:7021)क(cid:7409)म, 1952 म(cid:7286),--
(क) पैरा 38 के उपपैरा (1) म(cid:7286), “या पेजीओवी (cid:7009)लेटफाम(cid:6981) के मा(cid:7007)यम से” श(cid:7011)द(cid:7298) और अ(cid:6979)र(cid:7298) के प(cid:7391)ात् “या भारत म(cid:7286) अनुसूिचत ब(cid:7289)क(cid:7298) िजनके
अंतग(cid:6981)त (cid:7079)ाइवेट से(cid:6989)टर ब(cid:7289)क भी ह(cid:7289), के मा(cid:7007)यम से” श(cid:7011)द अंतः(cid:7021)थािपत (cid:7408)कए जाएंगे ;
(ख) पैरा 48 म(cid:7286), “या पेजीओवी (cid:7009)लेटफाम(cid:6981) के मा(cid:7007)यम से” श(cid:7011)द(cid:7298) और अ(cid:6979)र(cid:7298) के प(cid:7391)ात्, “या भारत म(cid:7286) अनुसूिचत ब(cid:7289)क(cid:7298) िजनके अंतग(cid:6981)त
(cid:7079)ाइवेट से(cid:6989)टर ब(cid:7289)क भी ह,(cid:7289) के मा(cid:7007)यम से” श(cid:7011)द अंतः(cid:7021)थािपत (cid:7408)कए जाएंगे ।
[फा. सं. जी. 20025/1/2014-एसएस-II]
आर.के.गु(cid:7385)ा, संयु(cid:7334) सिचव
(cid:7407)ट(cid:7009)पण: मूल (cid:7021)क(cid:7409)म भारत के राजप(cid:7074), असाधारण, भाग II, खंड (3), उपखंड (I) म(cid:7286) का.िन.आ. 1509 तारीख 2 िसत(cid:7013)बर, 1952 (cid:7367)ारा
(cid:7079)कािशत क(cid:7409) गई थी और अंितम बार उसम(cid:7286) अिधसूचना सं. सा.का.िन. 1190(अ) तारीख 30 (cid:7408)दस(cid:7013)बर, 2016 (cid:7367)ारा संशोधन
(cid:7408)कए गए ।
48 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 4th January, 2017
G.S.R. 6(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, 2017.
(2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Employees’ Provident Funds Scheme, 1952,-
(a)(cid:32) in paragraph 38, in sub-paragraph (1), after the words and letters “or through PayGov platform”, the
words “or through scheduled banks in India including private sector banks” shall be inserted;
(b)(cid:32) in paragraph 48, after the words and letters “or through PayGov platform”, the words “or through
scheduled banks in India including private sector banks” shall be inserted.
[F. No. G-20025/1/2014-SS-II]
R.K. GUPTA, Jt. Secy.
Note: The principal scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) (cid:118)(cid:105)(cid:100)(cid:101)
number S.R.O. 1509, dated the 2nd September, 1952 and was lastly amended (cid:118)(cid:105)(cid:101)(cid:100) notification number
G.S.R. 1190(E), dated the 30th December, 2016.
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