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Core Purpose

Notification amending a 2015 EPFO notification under Section 17(3)(a) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 to expand the definition of exempted investment proceeds.

Detailed Summary

The Ministry of Labour and Employment, in notification S.O. 3892(E) dated 1st September 2023, issued under clause (a) of sub-section (3) of Section 17 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), further amends notification S.O. 1433(E) dated 29th May 2015 (itself previously amended by S.O. 3035(E) dated 22nd September 2016, S.O. 28(E) dated 4th January 2021, and S.O. 1709(E) dated 29th April 2021); in paragraph 4 of the principal notification, after the words "Proceeds arising out of", the words "sale or redemption of investment in equities and related investments," are inserted, deemed to have been inserted with effect from 24th August 2023; the notification is signed by Vibha Bhalla, Joint Secretary, under F. No. G-20031/2/2022-SS-II.

Full Text

5645 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 3731] NEW DEL HI, SATURDAY , SEPTEMBER 2, 2023/ BHADRA 11, 1945 CG-DL-E-02092023-248518 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 1st September , 2023 S.O. 3892 (E).— In exercise of the powers conferred by claus e (a) of sub -section (3) of section 17 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministr y of Labour and Employment number S.O.1433(E), dated the 29th May, 2015, published in the Gazette of India, Extraordinary, Part II, section 3, sub -section(ii), namely: — In the said notification, in paragraph 4, after the words “Proceeds arising out of”, the words “sale or redemption of investment in equities and related investments,” shall be inserted and shall be deemed to have been inserted with effect from the 24th day of August, 2023. [F. No.G -20031/2/2022 -SS-II] VIBHA BHALLA, Jt. Secy . Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub -section (ii) vide number S.O. 1433(E), dated the 29th May, 2015 and subsequently amended vide notification numbers S.O. 3035(E), dated the 22nd September , 2016, S.O. 28(E), dated the 4th January, 2021 and S.O. 1709 (E), dated the 29th April, 2021. Uploaded by Dte. of Printing at Government of India Press, Ring R oad, Mayapuri, New Delhi -110064 and Published by the Contr oller of Publications, Delhi -110054.

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