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Date: 14-Jun-2024 Category: Extra Ordinary State: Union Government Country: India

the Employees Deposit Linked Insurance (Amendment) Scheme 2024

Issued by Ministry of Labour and Employment · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification introduces the Employees' Deposit Linked Insurance (Amendment) Scheme, 2024. It amends the Employees' Deposit Linked Insurance Scheme, 1976.
  • The key change pertains to the recovery of damages from employers who default on contributions to the Insurance Fund or any other charges payable under the Act or Scheme.

Key Changes

  • The amendment replaces sub-paragraph (1) of paragraph 8A in the Employees' Deposit Linked Insurance Scheme, 1976.
  • The Central Provident Fund Commissioner, or an officer authorized by the Central Government, can recover damages from defaulting employers at a rate of one percent of the arrear of contribution per month or part thereof.

Impact Analysis

Employers

  • Action Item: Employers should ensure timely payment of contributions and charges to avoid penalties.

Employees

  • Action Item: Employees should be aware of their rights and report any suspected defaults by their employers to the relevant authorities.

Central Provident Fund Commissioner

  • Action Item: The Central Provident Fund Commissioner should establish procedures for identifying and penalizing defaulting employers.

Key Entities Referenced

Employees' Provident Funds and Miscellaneous Provisions Act, 1952: The principal legislation that empowers the Central Government to create and amend schemes like the Employees' Deposit Linked Insurance Scheme. Employees' Deposit Linked Insurance Scheme, 1976: The insurance scheme that is being amended by this notification to strengthen the recovery of damages from defaulting employers. Central Provident Fund Commissioner: The authority responsible for recovering damages from employers who default on contributions to the Insurance Fund or other charges. Ministry of Labour and Employment: The ministry responsible for issuing the notification and overseeing the implementation of the amended scheme.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-15062024-254721 CG-DxLx-xEG-I1D5H0x6x2x0 24-254721 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 307] नई ददल्ली, िुक्रिार, िनू 14, 2024/ज्य ष्े ि 24, 1946 No. 307] NEW DELHI, FRIDAY, JUNE 14, 2024/JYAISHTHA 24, 1946 श्रम और रोिगार मत्रं ालय अजधसचू ना नई ददल्ली, 14 िून, 2024 सा.का.जन. 330(अ).—केंद्रीय सरकार, कममचारी भजिष्य जनजध और प्रकीणम उपबंध अजधजनयम, 1952 (1952 का 19) की धारा 7 की उपधारा (1) के साथ पठित धारा 6ग द्वारा प्रदत्त ि‎‎जियों का प्रयोग करत े हुए, कममचारी जनक्षेप सहबद्ध बीमा स्ट्कीम, 1976 का और सिं ोधन करने के जलए जनम्नजलजखत स्ट्कीम बनाती ह,ै अथामत्:- 1. संजक्षप्त नाम और प्रारंभ:- (1) इस स्ट्कीम का संजक्षप्त नाम कमचम ारी जनक्षेप सहबद्ध बीमा (संिोधन) स्ट्कीम, 2024 ह।ै (2) यह रािपत्र में इसके प्रकािन की तारीख को प्रिृत्त होगी I 2. कममचारी जनक्षेप सहबद्ध बीमा स्ट्कीम, 1976 म,ें पैरा 8क म ें उपपैरा (1) के स्ट्थान पर जनम्नजलजखत उपपैरा रखा िाएगा, अथामत:् - “(1) िहां कोई जनयोिा बीमा जनजध में दकसी अंिदान के संदाय में या अजधजनयम या योिना के दकसी अन्य उपबंध के अधीन देय दकन्हीं प्रभारों के संदाय में चूक करता ह,ै िहां केन्द्रीय भजिष्य जनजध आयिु या ऐसा अजधकारी िो केंद्रीय सरकार द्वारा इस जनजमत्त रािपत्र म ें अजधसूचना द्वारा प्राजधकृत दकया िाए, जनयोिा से प्रजत माह अंिदान के बकाया के एक प्रजतित या उसके भाग की दर स ेनुकसानी िसूल कर सकेगा।” [फा. सं. आर-15011/01/2022-एसएस-II] आलोक जमश्रा, संयुि सजचि 3597 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] ठिप्पण : कममचारी जनक्षेप सहबद्ध बीमा स्ट्कीम, 1976 भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i), संखयांक सा.का.जन. 488(अ), तारीख 28 िुलाई, 1976 द्वारा प्रकाजित की गई थी और अजधसूचना संखयांक सा.का.जन. 299(अ), तारीख 28 अप्रलै , 2021 द्वारा अंजतम बार संिोजधत की गई थी। MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 14th June, 2024 G.S.R. 330(E).—In exercise of the powers conferred by section 6C 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’ Deposit Linked Insurance Scheme, 1976, namely:- 1. Short title and Commencement.— (1) This Scheme may be called the Employees’ Deposit Linked Insurance (Amendment) Scheme, 2024. (2) It shall come into force from the date of its publication in the Official Gazette. 2. In the Employees’ Deposit Linked Insurance Scheme, 1976, in paragraph 8A, for sub-paragraph (1), the following sub-paragraph shall be substituted, namely:- “(1) Where an employer makes default in the payment of any contribution to the Insurance Fund, or in the payment of any charges payable under any other provisions of the Act or the Scheme, the Central Provident Fund Commissioner or such officer as may be authorised by the Central Government by notification in the Official Gazette in this behalf, may recover damages from the employer at the rate of one per cent. of the arrear of contribution per month or part thereof.” [F. No. R-15011/01/2022-SS-II] ALOK MISHRA, Jt. Secy. Note : The Employees' Deposit-Linked Insurance Scheme, 1976 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 488(E), dated the 28th July, 1976 and was last amended vide notification number G.S.R. 299(E), dated the 28th April, 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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