Rules
NOTIFICATION
Karnataka Government Secretariat, Vidhana Soudha,
Bangalore, Dated: 27.11.2024
Whereas the draft of the Karnataka General Provident Fund Rules, 2016, was published as required by sub-section (1) of section 3 read with Section 8 of the Karnataka State Civil Services Act, 1978 (Karnataka Act 14 of 1990) read with Section 8 of the Provident Funds Act, 1925 (Central Act 19 of 1925) in Notification No.FD 16 MUBHANI 2022, dated:23.09.2024 in Part IV-A of the Karnataka Gazette dated: 15.10.2024 inviting objections and suggestions from all persons likely to be affected within fifteen days from the date of its publication in the Official Gazette;
And whereas the said Gazette was made available to the public on 15th of October 2024;
And whereas, no objections and suggestions have been received in this behalf by the State Government;
Now, therefore 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) read with Section 8 of the Provident Funds Act, 1925 (Central Act 19 of 1925) Government of Karnataka hereby makes the following rules further to amend the Karnataka General provident Fund Rules, 2016, namely:-
RULES
1. Title and Commencement: (1) These rules may be called the Karnataka General Provident fund (Amendment) Rules, 2024.
(2) They shall come into force from the date of their final publication in the Official Gazette.
2. 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.
By order and in the name of the Governor of Karnataka
(Netraprabha M. Dhayapule)
Under Secretary to Government,
Finance Department (Admin and advances)
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