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Core Purpose

Notification by the Ministry of Labour and Employment finalising the Employees' State Insurance (Central) Amendment Rules, 2024, raising the monetary threshold in the proviso to rule 29(2) of the Employees' State Insurance (Central) Rules, 1950 from rupees five crores to rupees twenty-five crores.

Detailed Summary

G.S.R. 134(E) dated 26 February 2024, issued by the Ministry of Labour and Employment. A draft amending the Employees' State Insurance (Central) Rules, 1950 had earlier been published vide notification G.S.R. 880(E) dated 6 December 2023 under sub-section (1) of section 95 of the Employees' State Insurance Act, 1948 (34 of 1948), inviting objections and suggestions within thirty days of the Gazette copies being made available to the public on 6 December 2023; no objection or suggestion was received within that period. The Central Government, after consultation with the Employees' State Insurance Corporation and exercising powers under section 95 of the Act, makes the Employees' State Insurance (Central) Amendment Rules, 2024, effective on the date of publication in the Official Gazette. The substantive amendment is to rule 29, sub-rule (2), where in the proviso the words "rupees five crores" are substituted with "rupees twenty-five crores." Signed by Alok Chandra, Senior Labour and Employment Adviser [F. No. S-65012/01/2023-SS-I]. The principal rules were published vide notification S.R.O. 212 dated 22 June 1950 and last amended vide notification G.S.R. 650(E) dated 16 July 2018.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-26022024-252379 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 123] NEW DELHI, MONDAY, FEBRUARY 26, 2024/PHALGUNA 7, 1945 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 26th February, 2024 G.S.R. 134(E).—Whereas, a draft containing certain rules further to amend the Employees' State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide notification number G.S.R. 880(E), dated the 6th December, 2023, as required under sub-section (1) of section 95 of the Employees' State Insurance Act, 1948 (34 of 1948), inviting objections and suggestions from all persons likely to be affected thereby before the expiry of a period of thirty days from the date on which the copies of the Official Gazette containing the said notification were made available to the public; And whereas, the copies of the said Official Gazette were made available to the public on the 6th December, 2023; And whereas, no objection or suggestion has been received from any person in respect of the said draft rules within the period specified above, for consideration by the Central Government; Now, therefore, in exercise of the powers conferred by section 95 of the Employees' State Insurance Act, 1948 (34 of 1948), the Central Government, after consultation with the Employees' State Insurance Corporation, hereby makes the following rules further to amend the Employees' State Insurance (Central) Rules, 1950, namely: - 1. (1) These rules may be called the Employees' State Insurance (Central) Amendment Rules, 2024; (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Employees' State Insurance (Central) Rules, 1950, in rule 29, in sub-rule (2), in the proviso, for the words "rupees five crores", the words "rupees twenty-five crores" shall be substituted. [F. No. S-65012/01/2023-SS-I] ALOK CHANDRA, Senior Labour and Employment Adviser Note: The principal rules were published in the Gazette of India vide notification number S.R.O. 212 dated the 22nd June, 1950 and last amended vide notification number G.S.R. 650(E) dated the 16th July, 2018. 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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