Home India Ministry of Finance Notification for amendment of investment Guidelines for Non ...
Date: 24-Aug-2023 Category: Extra Ordinary State: Union Government Country: India

Notification for amendment of investment Guidelines for Non Government Provident Funds

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

What it means

  • The notification issued by the Ministry of Finance, Department of Economic Affairs, amends the earlier notification No. 11/14/2013-PR, dated March 2, 2015, which was published in the Gazette of India.
  • The amendment pertains to Para 4 of the original notification.

Key Changes

  • The amendment inserts the words 'sale/ redemption of investment in equities and related investments' in Para 4 of the original notification.
  • This insertion is to be made after the words 'Proceeds arising out of' and before the words 'exercise of put option'.

Impact Analysis

Stakeholders Affected

  • Government agencies responsible for financial regulations.

Potential Impact

  • It may also affect the reporting and compliance requirements for entities dealing with these investments.

Suggested Action Items

  • Ensure compliance with the updated regulations.

Key Entities Referenced

Ministry of Finance, Department of Economic Affairs: The issuing authority for this notification. Notification No. 11/14/2013-PR, dated March 2, 2015: The original notification being amended. Gazette of India: The official publication in which the notification is published. Notification No. 11/14/2013-PR, dated the 12th February, 2019: Previous amendment to the principal notification. Notification No. 10/41/2018-PM (Part-2) dated 11 December 2019: Previous amendment to the principal notification. Notification No. 1/8/2021-PM dated 15 March 2021: Previous amendment to the principal notification.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-24082023-248314 xxxGIDHxxx CG-DL-E-24082023-248314 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 205] नई दिल्ली, बृहस्ट्प जतिार, अगस्ट्त 24, 2023/भार 2, 1945 No. 205] NEW DELHI, THURSDAY, AUGUST 24, 2023/BHADRA 2, 1945 जित्त मत्रं ालय (आर्थकि काय िजिभाग) अजधसचू ना नई दिल्ली, 24 अगस्ट्त , 2023 फा. स.ं 1/8/2021-पीएम—केन्‍द र सरकार, एतिद्वारा भारत के रािपत्र, असाधारण, भाग 1, खंड 1 में दिनांक 02 माचि, 2015 को प्रकाजित भारत सरकार, जित् त मंत्रालय, जित् तीय सेिाएं जिभाग की दिनांक 02 माचि, 2015 की अजधसूचना संख्य ा 11/14/2013-पीआर में जनम् नानासार संिोधन करती है, नामत:- उपयािक् त अजधसूचना के पैरा 4 में ‘से प्राप्त लाभ’ से पूि ि और ‘जिकल् प िने े’ के बाि जनम् न िब्ि ों को िोडा िाएगा- ‘इजक् िटी और संबंजधत जनिेिों में जनिेि की जबक्री/मोचन’। सारजभ िैन, संयाक्त सजचि नोट: माख्य अजधसूचना दिनांक 02 माचि, 2015 को 11/14/2013-पीआर के माध्य म से भारत के रािपत्र, असाधारण, भाग 1, खंड 1 में प्रकाजित हुई थी और तत् पश् चात दिनांक 12 फरिरी, 2019 को सं. 11/14/2013-पीआर; दिनांक 11 दिसंबर, 2019 को सं. 10/41/2018-पीएम (पाटि-2) और दिनांक 15 माचि, 2021 को सं. 1/8/2021-पीएम के माध्य म से इसमें संिोधन दकए गए। 5475 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC.1] MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th August, 2023 F. No. 1/8/2021-PM.—In the notification of the Government of India, Ministry of Finance, Department of Financial Services, No. 11/14/2013-PR, dated the 2nd March, 2015, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 2nd March, 2015, the Central Government hereby makes the following amendment, namely:— In Para 4 of the said notification, the following words shall be inserted –‘sale/ redemption of investment in equities and related investments,’ after the words ‘Proceeds arising out of” and before the words ‘exercise of put option’. SURBHI JAIN, Jt. Secy. Note : The principal notification was published in the Gazette of India, Extraordinary, Part 1, Section 1, vide No. 11/14/2013-PR, dated the 2nd March, 2015 and subsequently amended vide No. 11/14/2013-PR, dated the 12th February, 2019 ; No. 10/41/2018-PM (Part-2) dated 11 December 2019 and No. 1/8/2021-PM dated 15 March 2021. 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.

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