Home India Ministry of Micro, Small and Medium Enterprises WHEREAS, vide notification number G.S.R.686(E), dated the 26...
Date: 2015-10-01 Category: Extra Ordinary State: Union Government Country: India

WHEREAS, vide notification number G.S.R.686(E), dated the 26th September, 1984, the Khadi and Village Industries Commission, with the previous sanction of the Central Government

Issued by Ministry of Micro, Small and Medium Enterprises · NOT available

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Executive Summary & Key Takeaways

This notification, S.O. 2691(E), issued by the Ministry of Micro, Small and Medium Enterprises on October 1, 2015, rescinds regulation 15 of the Khadi and Village Industries Commission Employees Pension Regulations, 1984. The rescission is enacted under subsection 3 of section 27 of the Khadi and Village Industries Commission Act, 1956 (61 of 1956). Regulation 15 concerns the counting of service periods under trading establishments or contracts for pension computation. The rationale for this rescission is that the Khadi and Village Industries Commission adopted the New Pension Scheme (now National Pension System) on January 1, 2004. Continuing regulation 15, which pertains to the earlier pension scheme, could create ambiguity and potential disputes regarding the applicability of the National Pension System. The rescission does not apply to actions already taken or omitted before the date of this notification. The notification was issued under F. No. A12034/14/2011-KVIII and signed by B. H. Anil Kumar, Joint Secretary.

Key Entities Referenced

Khadi and Village Industries Commission: An organisation under the Ministry of Micro, Small and Medium Enterprises. New Delhi: The location where the notification was issued. Khadi and Village Industries Commission Employees Pension Regulations, 1984: Pension regulations for the employees of Khadi and Village Industries Commission. Central Government: The governing body that sanctioned the Khadi and Village Industries Commission Employees Pension Regulations, 1984 and rescinded regulation 15. National Pension System: A pension scheme adopted by the Khadi and Village Industries Commission, previously referred to as the New Pension Scheme. Khadi and Village Industries Commission Act, 1956: The act under which the Central Government exercises its powers to rescind regulations of the Khadi and Village Industries Commission. Ministry of Micro, Small and Medium Enterprises: The government ministry responsible for the notification. September 26, 1984: Date of original notification number G.S.R.686E regarding the Khadi and Village Industries Commission Employees Pension Regulations.
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