Corporate Updates – 04-05-2017

Real Estate (Regulation and Development) Act, 2016

In pursuance of powers conferred under clause (1) of article 239 of the Constitution, the President hereby directs that the powers and the functions of the appropriate Government under the Real Estate (Regulation and Development) Act, 2016, other than the powers under section 82 and section 84, shall, subject to the control of the President and until further orders, be exercised and discharged, in relation to the Union territories of Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Lakshadweep, by the Administrator or the Lieutenant Governor, by whatever name called, of the respective Union territory. Further, all powers & functions in relation to the National Capital Territory of Delhi shall, subject to the control of the President and until further orders, be exercised, by the Lieutenant Governor of Delhi.

Labour Laws – EPF

Ministry of Labour & Employment has amended Paragraph 68-J and Paragraph 68-N of Employees’Provident Fund Scheme, 1952 which shall come into force from the date of its publication in the official Gazette i.e 25th April 2017. According to it, a member would only be required to submit a self-declaration, which has already been included in the composite claim form, to avail advance under the EPF Scheme. A member would no longer be required to submit any medical certificate or any other certificate or document or any proforma whatsoever to avail advances under paragraph 68-J or under paragraph 68-N of EPF Scheme 1952. This is in continuance of initiative taken by EPFO as part of its next phase of its e-governance reforms with a view to make its services available to its stakeholder in an efficient and transparent manner.

Speak Your Mind