State of Chattisgarh - Act
The Chhattisgarh State Electricity Board General Provident Fund Regulations, 2001
CHHATTISGARH
India
India
The Chhattisgarh State Electricity Board General Provident Fund Regulations, 2001
Rule THE-CHHATTISGARH-STATE-ELECTRICITY-BOARD-GENERAL-PROVIDENT-FUND-REGULATIONS-2001 of 2001
- Published on 24 October 2001
- Commenced on 24 October 2001
- [This is the version of this document from 24 October 2001.]
- [Note: The original publication document is not available and this content could not be verified.]
1. Short title.
- These regulations shall be called the Chhattisgarh State Electricity Board General Provident Fund Regulations, 2001.2. Application.
- These regulations shall apply to all the permanent and regular employees of Chhattisgarh State Electricity Board. These regulations shall also apply to the employees borne on work charge establishment who shall opt for General Provident Fund within a period of one month from the date of appointment. These regulations shall also apply to the work charge employees on roll of Chhattisgarh State Electricity Board who have given their options to be governed by these regulations. These shall not apply to the employees on Work Charge Establishment and NMR employees who will be governed by the Provisions of Employees Provident Fund and Miscellaneous Provisions Act, 1952. These shall be deemed to have been made applicable w.e.f. the date of establishment of the Chhattisgarh State Electricity Board.3. Definitions.
- In these regulations unless there is anything repugnant to the subject in context-4. Constitution of the fund.
- The fund shall be created in the name of "Chhattisgarh State Electricity Board Employees Provident Fund", the fund shall vest in and be administrated by a Board of Trustees constituted under a Trust which shall be registered and shall be irrevocable save with the consent of all the beneficiaries and no money belonging to the fund in the hands of-Board of Trustees shall be recoverable by the employer under any pretext whatsoever nor shall the employer have any lien or charge of any description of the same save as herein provided.5. Constitution of Board of Trustees.
1. One from supervisory staff;
2. One from trade establishment, and
3. One from clerical staff.
6. Cessation and Restoration of Trusteeship.
- A trustee ceases to be a trustee on the Board, if he,-7. Trustees leaving India.
- Before a Trustee leaves India. -8. Office and Staff.
- The head office of the Board of Trustees shall be located at a place where the head office of the CSEB is located. A building for office, staff for the office, furniture, equipment, stationery and all other requirement shall be provided by CSEB. However, Secretary of the Board of Trustees is authorised to meet essential contingent expenses not exceeding Rs. 2000/- Board of Trustee however by resolution may increase this amount or sanction or provide expenditure of a higher amount for cogent reasons to be recorded.9. Control of the Fund.
10. Functioning of the Board of Trustees administration of the fund.
11. (a) Meetings.
- The Board of Trustees shall meet at such place and time as may be decided by the Chairman, Meeting of the Board of Trustees shall be held once in every quarter. Provided that if the Chairman is of opinion that a decision in any particular matter cannot be delayed till the next meeting of the Board, the matter may be circulated to the trustees for decision, and any decision by majority votes taken would have the same validity as that of a resolution passed in a meeting and shall be recorded in Minutes. Provided, however, that any decision so taken shall be placed before the Board of Trustees at the next meeting for confirmation.12. Membership.
13. Contribution by Members.
- (i) Every employee becoming a member of the fund shall subscribe to the fund a sum equal to 8.33% of his monthly Basic Pay + D.A. (including additional Pay or D.A.).14. Accounts.
15. Bank Account.
- The Board of Trustees shall open an account in the name of Chhattisgarh State Electricity Board Provident Fund Trust in any one or more nationalized banks and the account shall be operated under the joint signatures of Secretary of the Board of Trustees and one member as may be decided by resolution. The Board of Trustees shall give two names to be signatories alongwith Secretary of the Board of Trustees.16. Trust to be Body Corporate.
- The Trust shall be a body corporate and shall be registered under the relevant laws applicable in the state of Chhattisgarh and shall sue or be sued in the name of Chhattisgarh State Electricity Board Provident Fund Trust. The Trust may also initiate legal proceedings against CSEB or any other person/institution for enforcement of rights available under these regulations or any other law. The jurisdiction for all such matters shall be Courts having territorial jurisdiction at Raipur.17. Rate of Interest.
- (i) Board shall credit interest at a rate which will not be lesser than the rate payable under the EPF scheme once a year to the amount standing to each member's credit at the end of financial year i.e. 31st March each year.18. Advance Loan from the Fund.
19. Recovery of Loan Advance.
- (i) An advance shall be recovered from the subscriber in such number of equal monthly instalments as the sanctioning authority may direct; but such number shall not be less than twelve unless the subscribers so elect, or in any case more than twenty four. A subscriber may, at his option, make payment in a smaller number of instalments than that prescribed. Each instalment shall be a number of whole rupees.20. Part Final Payment.
- No part final payment shall be made unless the member has put in 15 years service in CSEB or MPEB or both. The quantum of part and final payment shall not be more than 74% of the balance of the member.21. Protection against attachment.
22. Payment of Provident Fund.
- The amount of provident fund accumulations together with interest shall be payable in whole to the employees after adjusting loan/advance thereof, if any, outstanding against him in the following circumstances -23. Transfer and assignments forbidden.
- No member shall be entitled to transfer or assign whether by way of security of otherwise whatsoever his interest or any part thereof in the fund and no such transfer or assignment shall be valid.24. Power to alter regulations.
- The CSEB shall have power to alter or abrogate these regulations or any of them and to make such other regulations with reference to the accrual, enjoyment, suspension and forfeiture of the benefits of the fund and the application of the disposal of the fund and otherwise in relation to the working and management thereof as it shall from time to time think fit provided such regulations do not infringe any statutory enactment from time to time in force or any rule from time to time published thereunder. Every alteration, abrogation or new regulation or regulations shall, unless otherwise stated in the resolution, have effect from the date of resolution. After publication in the Government Gazette as regulations made under Section 79-C Electricity Supply Act, 1984. Any such new regulation shall be binding upon any member who shall have subscribed under these regulations.25. Dissolution of the Trust.
- The Trust shall be co-extensive with the CSEB and for any reason the CSEB is abolished, assigned or transferred to some other body or institution including one by operation of law the CSEB Provident Fund Trust shall also get merged in the new body.No trustee shall have any right, interest or entitlement over the fund or investment of the trust and shall not withdraw or utilize any amount in his own interest.Chhattisgarh State Electricity Board Provident Fund Trust RulesDeclaration by a Person Taking Up Employment with Chhattisgarh State Electricity BoardI ............Son/Wife/Daughter of......... do hereby solemnly declare that I am/I am not*1. Name (in block letters)
2. Designation
3. Date of Birth
4. Account No.
I hereby nominate the person (s)/cancel the nomination made by me previously and nominate the person (s) mentioned below to receive the amount standing to my credit in the CSEB Provident Fund in the event of my death-| Name of Nominee/Nominees (if the nominee is aminor the relationship of the nominee & Name and address ofGuardian may be indicated | Address | Nominee's Relationship | Age of Nominee | Total amount of share of Accumulation to be paidto each nominee |
| (1) | (2) | (3) | (4) | (5) |