Regarding Amendment in para 60 and 72(6) of the Employees Provident Fund Scheme, 1952

Regarding Amendment in para 60 and 72(6) of the Employees Provident Fund Scheme, 1952



New Delhi, the 15th January, 2011

G.S.R. 25(E).—In exercise of the powers conferred by Section 5, read with sub-section (1) of Section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme, further to amend the Employees’ Provident Funds Scheme, 1952, namely,

1.         (1) This Scheme may be called the Employees’ Provident Funds (Amendment) Scheme, 2011.

(2) It shall come into force from the 1st day of April, 2011

2. In the Employees’ Provident Funds Scheme, 1952, (hereinafter referred to as the said Scheme), in paragraph 60, after sub-paragraph (5), the following sub-paragraph shall be substituted, namely:—

“(6) Interest shall not be credited to the account of a member from the date on which it has become Inoperative Account, under the provisions of sub-paragraph (6) of paragraph 72”

3. In the said Scheme, in paragraph 72, in sub-paragraph (6):—

(a) for the words “but no claim has been preferred” the words “but no application for withdrawal under paragraphs 69 or 70 or transfer, as the case may be has been preferred ” shall he substituted:

(b) for the words “three years”, at both the places where they occur, the words “thirty six months” shall be substituted.

[F. No. S-35012/01/2010-SS-1I]

S. K.. DEV  VERMAN, Jt. Secy.

Note :—The Employees’ Provident Funds Scheme, was published in the Gazette of India, vide number S.R.O. 1509, dated the 2nd September, 1952 and lastly amended vide number G.S.R. . 744(E) dated the 9th September, 2010.

Categories: Corporate Law

View Comments (1)

  • I resigned from a company in India on 14-Mar-2014 and didn’t withdraw PF amount. Presently, my status is NRI for last 4 years. Whether I will continue to get interest even after 3 years?
    Rule says account will become inoperative if person has moved abroad permanently. Is NRI considered to be moved permanently?



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