Employees' State Insurance (Central) Amendment Rules, 2018

Jul 19, 2018 | by Avantis RegTech Legal Research Team

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The draft containing rules to further amend the Employees' State Insurance (Central) Rules, 1950 were published in the Gazette of India on May 17, 2018, inviting objections and suggestions from all persons likely to affected before the expiry of a period of thirty days from the date on which the copies of the Official Gazette containing the said notification was published were made available to public.

Since no objection or suggestion have been received from any person in respect of the said draft rules within the period specified above, the Central Government, after consultation with the Employees' State Insurance Corporation, has made the Employees' State Insurance (Central) Amendment Rules, 2018 to further amend the Employees' State Insurance (Central) Rules, 1950.

In the Employees' State Insurance (Central) Rules, 1950, in Rule 29 which gives procedure for execution of contract, in sub-rule (2), in the proviso, for the words "rupees five lakhs", the words "rupees five crores" shall be substituted.

The amended Rule 29(2) shall be read as:

“(2) Every contract made under or for any purpose of the Act shall be made on behalf of the Corporation —

(i)     by the Director General ; or

(ii)   subject to such conditions as it may specify, by such member or officer of the Corporation as it may authorise:

Provided that the prior sanction of the Standing Committee shall be obtained in respect of any contract involving an expenditure exceeding rupees five crores

[G.S.R. 650(E)]

URL: http://www.egazette.nic.in/WriteReadData/2018/187391.pdf


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