Section 7(1C) in The Employees' Provident Funds And Miscellaneous Provisions (Amendment) Act, 1996
(1C)The appropriate Government may, by notification in the Official' Gazette, and Subject to the condition on the pattern of investment of pension fund and such other conditions as may be specified therein, exempt any establishment or class of establishments from the operation of the Pension Scheme, if the employees of, such establishment or class of establishments are either members of any other pension scheme or propose to be members of such pension scheme, where the pensionary benefits are at par or more favourable than the Pension Scheme tinder this Act.";(b)in sub- section (6), the words" as well as the employees' contribution" shall be omitted.
