Employees’ Provident Funds (Amendment) Scheme, 2018

Dec 12, 2018 | by Avantis RegTech Legal Research Team

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The Central Government, on December 06, 2018, has made amendments to the Employees’ Provident Funds Scheme, 1952 as passed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It shall come into force from the date of its publication in the Official Gazette, that is on December 07, 2018.

In the Employees’ Provident Funds Scheme, 1952, after paragraph 68H, the following shall be inserted, namely:-

68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.-

The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refundable advance upto seventy-five percent of the amount standing to his credit in the Fund, if he has not been employed in any factory or other establishment for a continuous period of not less than one month immediately preceding the date on which he makes an application for such non-refundable advance.”.

[G.S.R. 1182(E)]

 

URL: http://www.egazette.nic.in/WriteReadData/2018/193717.pdf


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