Labour Code Advisor

Ministry of Labour and Employment

EDLI Scheme

Ministry of Labour and Employment published this gazette notification (Gazette ID: CG-DL-E-19112024-258753) on 19 November 2024, filed under Extra Ordinary. The purpose of this notification is to amend or update the provisions of the EDLI Scheme to ensure better social security benefits for the employees.

Issue Date
Published
Gazette ID CG-DL-E-19112024-258753
Category Extra Ordinary
Part & Section Part II-Section 3-Sub-Section (i)
Download PDF View Original on egazette.gov.in
Statutory Compliance Summary

Action Required

Employers must review and comply with the updated provisions of the EDLI Scheme to ensure that their employees are properly covered under the scheme. They must also update their records and notify the employees about the changes.

Target Roles:
HR DirectorPayroll ManagerCompliance OfficerEmployer
Industries Impacted:
All

Statutory Penalty Risk

Penalty under Section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952

Statutes & Rules Amended

  • Employees' Provident Funds and Miscellaneous Provisions Act, 1952
  • EDLI Scheme, 1976

Purpose

The purpose of this notification is to amend or update the provisions of the EDLI Scheme to ensure better social security benefits for the employees.

Summary

The Ministry of Labour and Employment has issued a gazette notification regarding the EDLI Scheme, which is an insurance scheme providing life insurance coverage to employees in the private sector. The notification aims to bring about changes or updates to the existing EDLI Scheme, which is a part of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

Frequently Asked Questions

Which ministry issued this gazette notification (CG-DL-E-19112024-258753)?
Ministry of Labour and Employment issued this notification, published on 19-Nov-2024.
What is Gazette Notification CG-DL-E-19112024-258753 about?
The purpose of this notification is to amend or update the provisions of the EDLI Scheme to ensure better social security benefits for the employees.
Where can I find the official PDF for this notification?
The official gazette PDF is published on egazette.gov.in. An archived copy is also available for download directly from this page, in case the official portal is temporarily unavailable.
What compliance action is required under Gazette Notification CG-DL-E-19112024-258753?
Employers must review and comply with the updated provisions of the EDLI Scheme to ensure that their employees are properly covered under the scheme. They must also update their records and notify the employees about the changes. No specific compliance deadline is specified in this notification.
Who is impacted by Gazette Notification CG-DL-E-19112024-258753?
This notification primarily targets HR Director, Payroll Manager, Compliance Officer, Employer across the All sector(s).
What are the statutory penalties for non-compliance with Gazette Notification CG-DL-E-19112024-258753?
Non-compliance with the provisions of this notification may attract: Penalty under Section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

Source: egazette.gov.in ·