Home India Food Corporation of India These Regulations shall be called the Food Corporation of In...
Date: 2015-05-29 Category: Extra Ordinary State: Union Government Country: India

These Regulations shall be called the Food Corporation of India (Staff) (2nd Amendment) Regulations, 2015.

Issued by Food Corporation of India · NOT available

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Executive Summary: This notification announces the Food Corporation of India Staff 2nd Amendment Regulations, 2015, which come into force from the date of notification (May 14, 2015). The amendments pertain to regulations regarding the reporting of movable property transactions by employees and the definition of "basic pay." It is issued under the authority of the Food Corporation Act, 1964. Key Points / Main Content: Reporting of Movable Property Transactions: * Regulation 48(iv) is amended, requiring employees to report movable property transactions exceeding two months' basic pay to the competent authority within one month of the transaction date. * Prior sanction from the prescribed authority is required for transactions with individuals having official dealings with the employee. * Movable property includes jewelry, insurance policies with annual premiums exceeding two months' basic pay, securities, and debentures. Definition of Basic Pay: * Regulation 2n is inserted to define "basic pay." * Basic pay is defined as per the guidelines/instructions issued by the Department of Public Enterprises relevant to the pay scales of Central Public Sector Enterprises followed in the Food Corporation of India, as amended from time to time. Impact Analysis: Food Corporation of India Employees: * Impact: Employees are required to report movable property transactions exceeding two months' basic pay and may need to seek prior sanction for certain transactions. The definition of basic pay affects how this threshold is calculated. * Action Required: Employees must adhere to the new reporting requirements for movable property transactions and understand the revised definition of basic pay. Food Corporation of India (Competent and Prescribed Authorities): * Impact: The corporation's competent and prescribed authorities are responsible for receiving and processing employee reports and granting sanctions for property transactions. * Action Required: These authorities must implement procedures to manage the new reporting requirements and sanction process.

Key Entities Referenced

Food Corporation of India: An organization that is issuing the regulations and is governed by the Food Corporation Act of 1964. Food Corporation Act, 1964: A law that empowers the Food Corporation of India to create regulations. Food Corporation of India Staff Regulations, 1971: The original regulations that are being amended by this notification. Food Corporation of India Staff 2nd Amendment Regulations, 2015: The title of the current amendment to the staff regulations. Department of Public Enterprises: A governmental department that issues guidelines and instructions relevant to the pay scales of Central Public Sector Enterprises. Regulation 48: A specific regulation within the Food Corporation of India Staff Regulations that is being amended, concerning employee reporting of property transactions. Ravinder Kumar Jain: Secretary of the Food Corporation of India, as indicated by the signature on the notification. New Delhi: The city where the Gazette of India is published.
Official Source Record View Original Source →
See Full Document Text
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 199] ubZ fnYyh] 'kqØokj] ebZ 29] 2015@T;s"B 8] 1937 No. 199] NEW DELHI, FRIDAY, MAY 29, 2015/JYAISTHA 8, 1937 खखखखाााा(cid:3)(cid:3)(cid:3)(cid:3) भभभभााााररररततततीीीीयययय ििििननननगगगगमममम अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ली, 14 मई, 2015 सससस..ंं..ंं 111111110000 स.ं ईपी.36(1)/2004---भारतीय खा(cid:9) िनगम अिधिनयम, 1964 (1964 का 37) क(cid:26) धारा 45 के (cid:29)ारा (cid:30)द शि"य# का (cid:30)योग करते ह&ए और भारत सरकार क(cid:26) पवू - .वीकृित स े भारतीय खा(cid:9) िनगम (कम-चारीवंदृ ) िविनयम, 1971 म2 आगे संशोधन के (cid:30)योजन स े भारतीय खा(cid:9) िनगम िन5निलिखत िविनयम बनाता ह:ै 1. (i) इन िविनयम# को भारतीय खा(cid:9) िनगम (कम-चारीवंदृ ) ( दसू रा संशोधन) िविनयम, 2015 कहा जाएगा । (ii) ये िविनयम सरकारी राजप@ म2 अिधसचू ना क(cid:26) तारीख से लाग ूह#गे । 2. वत-मान िविनयम 48 (iv) एव ंिविनयम 48 के .पCीकरण क(cid:26) धारा (क) को िन5निलिखत (cid:29)ारा (cid:30)ित.थािपत िकया जाएगा: िविनयम 48 (iv) " (cid:30)Gयेक कम-चारी अपने .वािमGवाधीन या अपने नाम म 2अथवा अपने पHरवार के िकसी सद.य के नाम म2 ली गयी चल संपि से संबिIधत (cid:30)Gयेक लेन-देन सKम (cid:30)ािधकारी को लेन-देन क(cid:26) िदनांक स ेएक माह के अंदर सूिचत करेगा यिद उस संपि का मMू य कम-चारी के दो माह के मलू वेतन से अिधक ह ै। परंत ुयिद उ" लेन-देन िनगम के कम-चारी (cid:29)ारा ऐसे Pयि" के साथ िकया जाता ह ै िजसके साथ उसके काया-लयी संबंध हQ तो वह िनिद-C (cid:30)ािधकारी क(cid:26) पवू - .वीकृित (cid:30)ाR करेगा " 'एव'ं िविनयम 48 के (cid:28)प(cid:29)ीकरण क धारा (क) ".पCीकरण: इस िविनयम के (cid:30)योजन के िलए ‘चल संपि ’ अिभPयि" के अंतग-त िन5न शािमल ह Q: (क) आभषू ण, बीमा पािलिसया ँिजनके वािष-क (cid:30)ीिमयम कम-चारी के दो माह के मलू वेतन से अिधक ह,ै (cid:30)ितभिूतयाँ एव ंिडब2चस”- 3. िविनयम 2 ‘पHरभाषा’ के अंतग-त के नीचे िविनयम 2(एम) के नीचे िविनयम 2 (एन) के Zप म2 िन5निलिखत िविनयम जोड़ा जाएगा: 2390 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] िविनयम 2(एन) “मलू वेतन का ताGपय -उस मलू वेतन स ेह ै जो भारतीय खा(cid:9) िनगम म2 अपनाए गए केI]ीय साव-जिनक Kे@ उ(cid:9)म# के वेतनमान# से स5ब^ लोक उ(cid:9)म िवभाग (cid:29)ारा समय-समय पर जारी यथा संशोिधत िदशािनद_श#/अनदु ेश# के अंतग-त पHरभािषत ह ै।” रिवंदर कुमार जैन, सिचव [foKkiu&III@4@vlk-@108@15¼76½] ffffVVVVIIIIiiii....kkkkhhhh % e[q ; fofu;e Hkkjr d s jkti= e sa fnukda 8-5-1971 dh vf/klpw uk d s ek/;e l s idz kf’kr fd, x, Fk s rFkk rnu:q i vfare ckj fuEu d s ek/;e l s l’a kkfs/kr fd, x,A Ø- 'kh"kdZ fnukda l-a 1- Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2007 15-05-2007 2- Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2009 14-02-2009 3 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2010 20-03-2010 4 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼nwljk l’a kk/sku½ fofu;e] 2010 16-07-2010 5 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼rhljk l’a kk/sku½ fofu;e] 2010 20-07-2010 6 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼pkSFkk l’a kk/sku½ fofu;e] 2010 23-11-2010 7 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2011 13-04-2011 8 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼nwljk l’a kk/sku½ fofu;e] 2011 24-06-2011 9 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼rhljk l’a kk/sku½ fofu;e] 2011 24-06-2011 10 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2013 27-06-2013 11 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2014 16-07-2014 12 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼nwljk l’a kk/sku½ fofu;e] 2014 16-07-2014 13 Hkk-[kk-fu-] ¼depZ kjhon`a ½ ¼igyk l’a kk/sku½ fofu;e] 2015 06-04-2015 FOOD CORPORATION OF INDIA NOTIFICATION New, the 14th May, 2015 No. 110 No. EP.36(1)/2004.----In exercise of the powers conferred by Section 45 of Food Corporation Act, 1964 (37 of 1964) and with the previous sanction of the Government of India, the Food Corporation of India hereby makes the following Regulations to further amend the Food Corporation of India (Staff) Regulations, 1971 namely:— 1. (i) These Regulations shall be called the Food Corporation of India (Staff) (2nd Amendment) Regulations, 2015. (ii) These shall come into force from the date of Notification. 2. The existing Regulation 48 (iv) and Clause (a) of Explanation to Regulation 48 shall be substituted by the following: Regulation 48 (iv) “Every employee shall report to the competent authority every transaction concerning moveable property owned or held by him in his own name or in the name of a member of his family, within one month from the date of such transaction, if the value of such property exceeds two months’ basic pay of the employee. Provided that the previous sanction of the prescribed authority shall be obtained by the Corporation employee if such transaction is with a person having official dealings with him.” ‘and’ Clause (a) of Explanation to Regulation 48 “Explanation: for the purpose of this Regulation, the expression “moveable property” includes: (a) Jewellery, insurance policies the annual premium of which exceeds two months’ basic pay of the employee, securities and debentures.” 3. The following Regulation shall be inserted as Regulation 2(n) below Regulation 2 (m) under the Regulation 2 ‘Definitions’:¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 Regulation 2 (n) “Basic pay means basic pay as defined under guidelines/ instructions issued by Department of Public Enterprises relevant to the pay scales of Central Public Sector Enterprises followed in the Food Corporation of India, as amended from time to time.” RAVINDER KUMAR JAIN, Secy. [ADVT.-III/4/Exty./108/15(76)] Note : The Principal Regulations were published in the Gazette of India vide Notification dated 8-5-1971 and subsequently have been amended being lastly vide:— Sl. Title Dated No. 1. FCI (Staff) (1st Amendment) Regulations, 2007 15.05.2007 2. FCI (Staff) (1st Amendment) Regulations, 2009 14.09.2009 3. FCI (Staff) (1st Amendment) Regulations, 2010 20.03.2010 4. FCI (Staff) (2nd Amendment) Regulations, 2010 16.07.2010 5. FCI (Staff) (3rd Amendment) Regulations, 2010 20.07.2010 6. FCI (Staff) (4th Amendment) Regulations, 2010 23.11.2010 7. FCI (Staff) (1st Amendment) Regulations, 2011 13.04.2011 8. FCI (Staff) (2nd Amendment) Regulations, 2011 24.06.2011 9. FCI (Staff) (3rd Amendment) Regulations, 2011 24.06.2011 10. FCI (Staff) (1st Amendment) Regulations, 2013 27.06.2013 11. FCI (Staff) (1st Amendment) Regulations, 2014 16.07.2014 12. FCI (Staff) (1st Amendment) Regulations, 2014 16.07.2014 13. FCI (Staff) (1st Amendment) Regulations, 2015 06.04.2015 Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research