The Ministry of Labour and Employment, in exercise of the powers conferred by clause (a) of sub-section (3) of section 17 has made changes in the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. Read the official notification below:
MINISTRY OF LABOUR AND EMPLOYMENT
NOTIFICATION
New Delhi, the 4th January, 2021
S.O. 28(E).—In exercise of the powers conferred by clause (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 Ministry 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), dated the 29th May, 2015, namely:—
In the said notification, in the Table, in column 2, against category (ii), relating to investment pattern “Debt Instruments and Related Investments”, after clause (f) and before the first proviso, the following clause shall be inserted, with effect from the 11th day of December, 2019, namely:-
“(g) Units of Debt Exchange Traded Funds (ETFs) regulated by the Securities and Exchange Board of India and managed by an asset management company appointed as per an agreement with Government of India, specifically meant to invest in the bonds of the Central Public Sector Enterprises, Central Public Sector Undertakings, Central Public Financial Institutions and other Government organizations:”.
[F. No. G-20031/1/2012 SS-II (Pt.)]
R.K. GUPTA, 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 S.O. No. 3035(E), dated 22nd September, 2016.
CAclubindia
