GPF Amendment Draft Rules-2024
The draft of the following rules further to amend The Karnataka General Provident Fund Rules, 2016, which the Government of Karnataka proposes to make in exercise of the powers conferred by sub-section (1) of section 3 read with section 8 of the Karnataka State Civil Services Act, 1978 (Karnataka Act 14 of 1990) and section 8 of the Provident Funds Act, 1925 (Central Act 19 of 1925) is hereby published as required by clause (a) of sub-section (2) of section 3 of the Karnataka State Civil Services Act, 1978, for the information of all the persons likely to be affected thereby and notice is hereby given that the said draft will be taken into consideration after fifteen days from the date of its publication in the Official Gazette.
Any objection or suggestion which may be received by the State Government from any person with respect to the said draft before the expiry of the period specified above will be considered by The State Government. Objections and suggestions may be addressed to the Additional Chief Secretary to Government, Finance Department, Second Floor, Vidhana Soudha, Bengalore-560 001.
DRAFT RULES:
- Title and Commencement: (1) These rules may be called the Karnataka General Provident Funds (Amendment) Rules, 2024.
- (2) They shall come into force from the date of their final publication in the Official Gazette.
Amendment of rule 12: In the Karnataka General Provident Fund Rules, 2016, in sub-rule (2) of Rule 12 for the words “maximum of basic pay of the post held by him”, the words “maximum of 5 Lakh rupees in one financial year” shall be substituted.
Yesss