Executive Summary:
This notification, dated September 30, 2019, amends the Investor Education and Protection Fund Authority Recruitment, Salary and other Terms and Conditions of Service of General Manager and Assistant General Manager Rules, 2017. The amendment concerns the recruitment process for the post of Assistant General Manager, specifically regarding deputation or short-term contracts. These rules came into force on the date of publication in the Official Gazette.
Key Points / Main Content:
* **Amendment Scope:** This notification amends the Investor Education and Protection Fund Authority Recruitment, Salary and other Terms and Conditions of Service of General Manager and Assistant General Manager Rules, 2017.
* **Effective Date:** The amendment came into force on the date of publication in the Official Gazette (September 30, 2019).
* **Assistant General Manager Post:**
* **Column 10:** The mode of recruitment is "Deputation including short-term contract."
* **Column 11:** Eligibility criteria for deputation/short-term contract include:
* Officers under Central Government, State Governments, Union Territories, recognized research institutes, Public Sector Undertakings, Semi Government, Statutory or Autonomous Organizations.
* Holding analogous post on a regular basis; or
* With two years of regular service in Level 8 (Rs. 47600-151100) of the pay matrix or equivalent.
* **Desirable Experience:** Having regular experience in Administration or Establishment is desirable.
Impact Analysis:
Central Government, State Governments, Union Territories, Recognized Research Institutes, Public Sector Undertakings, Semi Government or Statutory or Autonomous Organizations
* Impact: These organizations may have officers eligible for deputation or short-term contract positions as Assistant General Managers in the Investor Education and Protection Fund Authority.
* Action Required: These entities should disseminate information about the amended rules to potentially eligible officers and facilitate their applications, if interested.
Officers under Central Government, State Governments, Union Territories, Recognized Research Institutes, Public Sector Undertakings, Semi Government or Statutory or Autonomous Organizations
* Impact: Officers holding analogous posts or with requisite experience are now eligible to apply for the Assistant General Manager position on a deputation/contract basis.
* Action Required: Review eligibility criteria and apply if interested and qualified.
Key Entities Referenced
Companies Act, 2013: An act of the Parliament of India that regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company, and other related activities.
Central Government: The executive, legislative, and judicial branches of the government of India.
Investor Education and Protection Fund Authority: An authority established by the Central Government to administer the Investor Education and Protection Fund.
Investor Education and Protection Fund Authority Recruitment, Salary and other Terms and Conditions of Service of General Manager and Assistant General Manager Rules, 2017: The original rules which are being amended by this notification.
Official Gazette: A public journal and an official newspaper of record.
Assistant General Manager IEPF Authority: A post within the Investor Education and Protection Fund Authority, subject to the amended rules.
Central Government: The government of India
Union Territories: A type of administrative division in the Republic of India.
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5127 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
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MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30th September, 2019
G.S.R . 702(E).—In exercise of the powers conferred by sub-section (7) of section 125 and section 469 of the
Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the
Investor Education and Protection Fund Authority (Recruitment, Salary and other Terms and Conditions of Service of
General Manager and Assistant General Manager) Rules, 2017, namely:-
1. (1) These rules may be called the Investor Education and Protection Fund Authority (Recruitment, Salary and other
Terms and Conditions of Service of General Manager and Assistant General Manager) Amendment Rules, 2019.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Schedule to the Investor Education and Protection Fund Authority (Recruitment, Salary and other Terms and
Conditions of Service of General Manager and Assistant General Manager) Rules, 2017,
(i) against serial number (2) relating to the post of Assistant General Manager IEPF Authority, in column 10 for
the entry, the following entries shall be substituted, namely :-
“Deputation including short-term contract.”
(ii) “against serial number (2) relating to the post of Assistant General Manager IEPF Authority, in Column 11
for the entries, the following entries shall be substituted namely;
“Deputation including short-term contract.
Officers under the Central Government, State Governments, Union Territories and recognized research
institutes and Public Sector Undertakings and Semi Government or Statutory or Autonomous Organisations.
(i) holding analogous post on regular basis; or
(ii) with two years regular service in Level 8 in the pay matrix of Rs. 47600 – 151100 or equivalent.
Desirable: Having regular experience in the Administration or Establishment.”
[F. No. 05/19/2014-IEPF]
MANOJ PANDEY, Jt. Secy.
Note: The Investor Education and Protection Fund Authority (Recruitment, Salary and other Terms and Conditions of
Service of General Manager and Assistant General Manager) Rules, 2017 were published in the Gazette of India,
Part II, Section 3, Sub-section (i) vide number G.S.R. 46(E), dated the 18th January, 2017 and subsequently
amended vide number G.S.R. 1175(E), dated the 5th December, 2018.
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.