Union Government, Extraordinary, 1999-01-25, Part III-Section 4, Ref. CWC/FD/CPF/01/GEN/97-98.

4 Pages·0.14 MB·English

by  Government of India

REGD. NO. D, L.-33004/98
The Gazette of India
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
No. 7 ] NEW DELHI, MONDAY, JANUARY 25,1999/MAGHA 5,1920
198 GI/99
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
CENTRAL WAREHOUSING CORPORATION
NOTIFICATION
New Delhi, the 18th January, 1999
NO. CWC/FD/CPF/01/GEN/97-98.—In exercise of the powers conferred by Section 42 of the Warehousing
Corporation Act, 1962 (58 of 1962), the Central Warehousing Corporation with the previous sanction of the Central Government
hereby makes the following Regulations further to amend the Central Warehousing Corporation Employees' Provident Fund
Regulations, 1962. namely :—
1.(1) These Regulations may be called the Central Warehousing Corporation Employees' Provident Fund (Amendment)
Regulations, 1998.
(2) They shall be deemed to have come into force on the 22nd day of September, 1997.
2 In the Central Warehousing Corporation Employees' Provident Fund Regulations, 1962 (hereinafter referred to as
the said Regulations), for Regulation 8, the following Regulation shall be substituted, namely :—
"8 Rate of Subscription :—
The subscriber shall subscribe monthly to the Fund at such rate of his pay (not being less than 12%) as may
be fixed by him from time to time, Such subscription shall be deducted by the Corporation from the pay
payable to the subscriber every month in amounts calculated to the nearest rupee. The Corporation's
contribution shall remain fixed as provided by Regulation 10.
Within the above limits, the subscriber can change the rate of subscription with effect from 1st April of each
year
The rate once fixed shall remain unaltered throughout the year "
3
3. In the said regulations, in Regulation 10, for sub-regulation (1), the following sub-regulation shall be substituted,
namely :—
"(1) Save as otherwise provided the Corporation shall contribute to the Fund every month as employer's contribution
an amount equal to the amount subscribed by each of the subscribers :
Provide that the amount contribution by the Corporation shall not exceed 12% of the pay earned by a
subscriber during a particular month :
Provided further that the Corporation shall not be liable to make any such contribution in respect of a
subscriber who has been permitted to subscribe to the Fund under the proviso to Regulation 7"
Explanatory Memorandum :—The rate of subscription and contribution under the Employees Provident Fund and
Miscellaneous provisions Act, 1952 has been increased from 10% to 12% with effect from 22-09-1997. On the same analogy,
it has been decided to increase the rate of subscription and contribution under the Central Warehousing Corporation Employees'
Provident Fund Regulations, 1962 from 22-09-1997. Therefore, it has become necessary to give retrospective effect to these
Regulations. It is certified that by giving effect to these Regulations retrospectively, it shall not prejudicially effect the interest
of any person to whom these Regulations are applicable.
K. N. SAWHNEY, Dy. Financial Adviser
Footnote :—The original Regulations were notified vide S.O. No. 1014 dated 30-03-1962 published in the Gazette of India
Part-II Section 3 (ii) dated 7-4-1962. These Regulations were subsequently amended as indicated below :—
(i) S.O. No. 1694 dated 17-06-1963 published in the Gazette dated 22-06-1963.
(ii) S.O. No. 3563 dated 17-12-1963 published in the Gazette dated 21-12-1963.
(iii) S.O. No. 4258 dated 08-12-1964 published in the Gazette dated 12-12-1964.
(iv) S.O. No. 3382 dated 18-09-1967 published in the Gazette dated 23-09-1967.
(v) S.O. No. 3666 dated 11-10-1968 published in the Gazette dated 19-10-1968.
(vi) S.O. No. 1801 dated 20-03-1971 published in the Gazette dated 01-05-1971.
(vii) S.O. No. 787 dated 06-02-1976 published in the Gazette dated 21-02-1976.
(viii) S.O. No. 983 dated 05-03-1979 published in the Gazette dated 17-03-1979.
(ix) S.O. No. 197 dated 07-01-1982 published in the Gazette dated 23-01-1982.
(x) S O. No. 2 dated 02-05-1985 published in the Gazette dated 18-05-1985. (Part Ill-Section 4)
(xi) S.O. No. 35 dated 30-08-1991 published in the Gazette dated 29-08-1991.
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