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Thread: Ministry of Textiles - Central Silk Board General Provident Fund Rules, 1966

  1. #21
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - Rule no.- 21 - Procedure on death of subscriber

    Central Silk Board General Provident Fund Rules, 1966

    Rule no.- 21

    Procedure on death of subscriber:-
    On the death of a subscriber before the amount standing to his credit has become payable, or where the amount has become payable, before payment has been made.

    (i) When the subscriber leaves a family –

    (a) if a nomination made by the subscriber in accordance with the provisions of rule 7 or of the corresponding rule heretofore in force in favour of a member or members of his family subsist, the amount standing to his credit in the Fund or the part thereof to which the nomination relates shall become payable to his nominee or nominees in the proportion specified in the nomination;

    (b) if no such nomination in favour of a member or members of the family of the subscriber subsists, or if such nomination relates only to a part of the amount standing to his credit in the Fund, the whole amount or the part thereof to which the nomination does not relate, as the case may be shall, notwithstanding any nomination purporting to be in favour of any person or persons other than a member or members of his family, become payable to the members of his family in equal shares;

    Provided that no share shall be payable to –

    (i) sons who have attained majority;
    (ii) sons of a deceased son who have attained majority;
    (iii) married daughters whose husbands are alive;
    (iv) married daughters of a deceased son whose husbands are alive.

    if there is any member of the family other than those specified in clauses (I), (ii), (iii) and (iv).

    Provided further that the widow or widows and the child or children of a deceased son shall receive between them in equal parts only the share which that son would have received if he had survived the subscriber and had been exempted from the provisions of clause (1) of the first proviso.

    (ii) when the subscriber leaves no family, if a nomination made by him in accordance with the provisions of rule 7 or of the corresponding rule heretofore in force in favour of any person or persons subsist the amount standing to his credit in the Fund or the part thereof to which the nomination relates, shall become payable to his nominee or nominees in the proportion specified in the nomination.

  2. #22
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - Rule no.- 22 - Manner of payment of amount in the Fund

    Central Silk Board General Provident Fund Rules, 1966

    Rule no.- 22

    Manner of payment of amount in the Fund:


    (1) When the amount standing to credit of a subscriber in the Fund becomes payable, it shall be the duty of the Secretary to make payment on receipt of a written application in this behalf as provided in sub-rule (2).

    (2) Any person who desires to claim payment under this rule shall send a written application in that behalf to the Secretary.

  3. #23
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - Rule no.- 23 - Finance and account.

    Central Silk Board General Provident Fund Rules, 1966

    Rule no.- 23

    Finance and account:-

    (1) All sums paid into the Fund under these rules shall be accounted for in the books of the Board in an account called “The Central Silk Board General Provident Fund Account”.

    (2) Such accounts shall be examined and audited annually, by the auditors appointed under the Act.

    (3) All expenses of the Fund shall be met by the Board from the income of the Fund as the Board may direct.

    (4) Moneys required for current expenditure with the exception of petty cash and surplus moneys shall be kept in current account in the State Bank of India or its subsidiaries or other banks approved by the Central Government.

    (5) Moneys in the Fund not required for current expenditure may be invested in Trustee Securities or Treasury Savings Deposits Certificates or National Savings Certificates to the extent permissible or in fixed deposits in Banks approved by the Central Government.

    (6) Cheques for withdrawals from the current account and all orders for making deposits or investments or withdrawal of the same or the disposal in any other manner of the moneys in the Fund shall be signed by the Secretary of the Board or in his absence by the Accountant of the Board and countersigned by the Chairperson of the Board, provided that where the amount covered by such cheque or order does not exceed Rs.5,000/- such cheque or order may be countersigned by any officer of the Board duly authorised by the Chairperson.

  4. #24
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - Rule no.- 24 - Annual Statement of Accounts to be supplied to subscriber

    Central Silk Board General Provident Fund Rules, 1966

    Rule no.-24

    Annual Statement of Accounts to be supplied to subscriber:-


    (1) As soon as possible after the close of each year, the Secretary shall send to each subscriber a statement of his account in the Fund showing the opening balance as on the 1st April of the year, the total amount credited or debited during the year, the total amount of interest credited as on the 31st March of the year and the closing balance on that date. The Secretary shall attach to the statement of account a query whether the subscriber__

    (a) desires to make any alteration in any nomination made under rule 7;

    (b) has acquired a family in cases where the subscriber has made no nomination in favour of a member of his family under the proviso to sub-rule (1) of rule 7.

    (2) Subscribers should satisfy themselves as to the correctness of the annual statement, and errors, if any, should be brought to the notice of the Secretary within three months from the date of receipt of the statement.

    (3) The Secretary shall, if required by a subscriber, once, but not more than once, in a year inform the subscriber of the total amount standing to his credit in the Fund at the end of the last month for which his account has been written up.

  5. #25
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - Rule no.- 25 - Interpretation

    Central Silk Board General Provident Fund Rules, 1966

    Rule no.- 25

    Interpretation:-
    If any question arises relating to the interpretation of these rules, the same shall be decided by the Board.

  6. #26
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - THE SCHEDULE - RULE 7 (3) - Forms of Nomination

    Central Silk Board General Provident Fund Rules, 1966

    THE SCHEDULE

    RULE 7 (3)

    Forms of Nomination


    1. When the subscriber has a family and wishes to nominate one member thereof:

    I hereby nominate the person mentioned below, who is a member of my family as defined in Rule 2 of the Central Silk Board(General Provident Fund) Rules, 1966 to receive the amount that may stand to my credit in the Fund, in the event of my death before the amount has become payable, or having become payable, has not been paid:-

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mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> Name and
    Address of
    nominee
    </td> <td style="width:76.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="102"> Relationship with
    subscriber
    </td> <td style="width:.5in;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="48"> Age
    </td> <td style="width:1.25in;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="120"> *Contingen cies
    on the happening
    of which the nomination shall
    become invalid
    </td> <td style="width:103.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="138"> Name, address and relationship of the person/ persons, if any, to whom the right of the nominee
    shall pass in the event of his predeceasing the
    subscriber
    </td> </tr> </tbody></table>
    Dated this day of
    19………

    at

    Two witnesses to signature
    1.
    2.

    Signature of the Subscriber

    *Note: When a subscriber who has no family makes a nomination he shall specify in this column that the nomination shall become invalid in the event of his subsequently acquiring a family.



  7. #27
    Super Moderator
    Join Date
    Mar 2010
    Location
    NEW DELHI
    Posts
    6,224

    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - THE SCHEDULE - Forms of Nomination

    Central Silk Board General Provident Fund Rules, 1966

    THE SCHEDULE

    RULE 7 (3)

    Forms of Nomination

    II. When the subscriber has a family and wishes to nominate more than one member thereof:

    I hereby nominate the persons mentioned below, who are members of my family as defined in Rule 2 of the Central Silk Board (General Provident Fund) Rules, 1966 to receive the amount that may stand to my credit in the Fund, in the event of my death before the amount has become payable, or having become payable, has not been paid and direct that the said amount shall be distributed among the said persons in the manner, shown against their names:-

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5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} table.MsoTableGrid {mso-style-name:"Table Grid"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-unhide:no; border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext; mso-border-insidev:.5pt solid windowtext; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--> <table class="MsoTableGrid" style="margin-left:.45in;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt" border="1" cellpadding="0" cellspacing="0"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td style="width:63.0pt;border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> Name and
    Address of
    nominee
    </td> <td style="width:76.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="102"> Relationship with
    subscriber
    </td> <td style="width:.5in;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="48"> Age
    </td> <td style="width:63.0pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> *Amount or
    share of
    accumulation
    to be
    paid to
    each
    </td> <td style="width:67.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="90"> Contingencies
    on the
    happening of
    which the
    nomination
    shall become
    invalid
    </td> <td style="width:79.85pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="106"> Name, address
    and relationship
    of the person/
    persons if any,
    to whom the
    right of the
    nominee shall
    pass in the event
    of his predeceasing
    the subscriber
    </td> </tr> </tbody></table>
    Dated this day of
    19

    at

    Two
    witnesses
    to Signature
    Signature of the Subscriber
    1.

    2.

    *Note: This column should be filled in so as to cover the whole amount that may be stand to the credit of the subscriber in the Fund at any time.




  8. #28
    Super Moderator
    Join Date
    Mar 2010
    Location
    NEW DELHI
    Posts
    6,224

    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - THE SCHEDULE - Forms of Nomination

    Central Silk Board General Provident Fund Rules, 1966

    THE SCHEDULE

    RULE 7 (3)

    Forms of Nomination

    III. When the subscriber has no family and wishes to nominate one person:

    I, having no family as defined in rule 2 of the Central Silk Board (General Provident Fund) Rules, 1966 hereby nominate the person mentioned below to receive the amount that may stand to my credit in the Fund, in the event of my death before that amount has become payable, or having become payable, has not been paid :---

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5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} table.MsoTableGrid {mso-style-name:"Table Grid"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-unhide:no; border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext; mso-border-insidev:.5pt solid windowtext; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--> <table class="MsoTableGrid" style="margin-left:.45in;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt" border="1" cellpadding="0" cellspacing="0"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td style="width:63.0pt;border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> Name and
    Address of
    nominee
    </td> <td style="width:76.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="102"> Relationship with
    subscriber
    </td> <td style="width:.5in;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="48"> Age
    </td> <td style="width:63.0pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> *Amount or
    share of
    accumulation
    to be
    paid to
    each
    </td> <td style="width:67.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="90"> Contingencies
    on the
    happening of
    which the
    nomination
    shall become
    invalid
    </td> <td style="width:79.85pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="106"> Name, address
    and relationship
    of the person/
    persons if any,
    to whom the
    right of the
    nominee shall
    pass in the event
    of his predeceasing
    the subscriber
    </td> </tr> </tbody></table> Dated this day of 19………

    at

    Two witnesses to signature
    Signature of the Subscriber
    1.

    2.

    * Note: Where a subscriber who has no family, makes a nomination, he shall specify in this column that the nomination shall become invalid in the event of his subsequently acquiring a family.


  9. #29
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    Mar 2010
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    Thumbs up Central Silk Board General Provident Fund Rules, 1966 - THE SCHEDULE - Forms of Nomination

    Central Silk Board General Provident Fund Rules, 1966

    THE SCHEDULE

    RULE 7 (3)

    Forms of Nomination

    IV. When the subscriber has no family and wishes to nominate more than one person :-

    I, having no family as defined in Rule 2 of the Central Silk Board (General Provident Fund) Rules, 1966, hereby nominate the persons mentioned below to receive the amount that may stand to my credit in the Fund, in the event of my death before that amount has become payable, or having become payable, has not been paid and direct that the said amount shall be distributed among the said persons in the manner shown below against their names:-

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5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} table.MsoTableGrid {mso-style-name:"Table Grid"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-unhide:no; border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-border-insideh:.5pt solid windowtext; mso-border-insidev:.5pt solid windowtext; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--> <table class="MsoTableGrid" style="margin-left:.45in;border-collapse:collapse;border:none;mso-border-alt: solid windowtext .5pt;mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt" border="1" cellpadding="0" cellspacing="0"> <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td style="width:63.0pt;border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> Name and
    Address of
    nominee
    </td> <td style="width:76.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="102"> Relationship with
    subscriber
    </td> <td style="width:.5in;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="48"> Age
    </td> <td style="width:63.0pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="84"> *Amount or
    share of
    accumulation
    to be
    paid to
    each
    </td> <td style="width:67.5pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="90">**Contingencies
    on the
    happening of
    which the
    nomination
    shall become
    invalid

    </td> <td style="width:79.85pt;border:solid windowtext 1.0pt; border-left:none;mso-border-left-alt:solid windowtext .5pt;mso-border-alt: solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt" valign="top" width="106"> Name, address
    and relationship
    of the person/
    persons if any,
    to whom the
    right of the
    nominee shall
    pass in the event
    of his predeceasing
    the subscriber
    </td> </tr> </tbody></table>
    Dated this day of
    19

    at

    Two
    witnesses
    to Signature
    Signature of the Subscriber
    1.

    2.

    * Note: This column should be filled in so as to cover the whole amount that may stand to the credit of the subscriber in the Fund at any time.

    **Note:- Where a subscriber who has no family makes a nomination, he shall specify in this column that the nomination shall become invalid in the event of his subsequently acquiring a family.


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