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Core Purpose

Notification amending the Employees' Deposit Linked Insurance Scheme, 1976 to revise the rate of damages recoverable from employers who default on Insurance Fund contributions.

Detailed Summary

The Ministry of Labour and Employment, exercising powers under section 6C read with sub-section (1) of section 7 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), issued G.S.R. 330(E) dated 14th June 2024, notifying the Employees' Deposit Linked Insurance (Amendment) Scheme, 2024, effective from its date of publication in the Official Gazette, which substitutes sub-paragraph (1) of paragraph 8A of the Employees' Deposit Linked Insurance Scheme, 1976 to provide that where an employer defaults in payment of any contribution to the Insurance Fund or any other charges payable under the Act or the Scheme, the Central Provident Fund Commissioner or an officer authorised by the Central Government by Gazette notification may recover damages from the employer at the rate of one per cent of the arrear of contribution per month or part thereof; the original 1976 Scheme was published vide G.S.R. 488(E) dated 28th July 1976 and was last amended vide G.S.R. 299(E) dated 28th April 2021; the notification bears file number R-15011/01/2022-SS-II and is signed by Alok Mishra, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15062024-254721 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 307] NEW DELHI, FRIDAY, JUNE 14, 2024/JYAISHTHA 24, 1946 3597 GI/2024 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. AMIT KUMAR JAISWAL Digitally signed by AMIT KUMAR JAISWAL Date: 2024.06.15 13:26:08 +05'30'

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