Notification for amendment of investment Guidelines for Non Government Provident Funds

Last updated: 25 August 2023

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The Ministry of Finance has issued an amendment to the investment guidelines for Non-Government Provident Funds. This update specifically modifies paragraph 4 of the principal notification, allowing for the 'sale/redemption of investment in equities and related investments' to be explicitly included. This change clarifies the scope of investment activities covered by the guidelines.

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION

New Delhi, the 24th August, 2023

F. No. 1/8/2021-PM.—In the notification of the Government of India, Ministry of Finance, Department of Financial Services, No. 11/14/2013-PR, dated the 2nd March, 2015, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 2nd March, 2015, the Central Government hereby makes the following amendment, namely:—

In Para 4 of the said notification, the following words shall be inserted –‘sale/ redemption of investment in equities and related investments,’ after the words ‘Proceeds arising out of” and before the words ‘exercise of put option’.

SURBHI JAIN, Jt. Secy.

Note : The principal notification was published in the Gazette of India, Extraordinary, Part 1, Section 1, vide No. 11/14/2013-PR, dated the 2nd March, 2015 and subsequently amended vide No. 11/14/2013-PR, dated the 12th February, 2019 ; No. 10/41/2018-PM (Part-2) dated 11 December 2019 and No. 1/8/2021-PM dated 15 March 2021.

FAQ :

The main purpose is to amend the investment guidelines for Non-Government Provident Funds.

Paragraph 4 of the principal notification has been amended.

The sale/redemption of investment in equities and related investments is now explicitly included.

The principal notification was originally published on the 2nd March, 2015.

Yes, the principal notification has been amended multiple times previously.

Notification No : F. No. 1/8/2021-PM.
Source : https://egazette.gov.in/WriteReadData/2023/248314.pdf

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