Registration of Establishments (Section 11 of EOB Act 1976)
-1) Every employer shall, before the expiration of thirty days from the day on which this Act becomes applicable to the industry or establishment in respect of which he is the employer, communicate to the Institution the name and other prescribed particulars of the industry or establishment
-2) Every insured person may also communicate his name and other prescribed particulars to the Institution.
-3) On receipt of a communication under sub‑section (1) or sub‑section (2) the Institution shall register the name of the industry or establishment or the insured person in such manner, and issue to the insured person a registration card in such from, as may be prescribed.
Registration of Employers & Insured Persons under
EOB Act 1976
W.E.F. July 1, 2008, when an industry or a commercial
establishment has 5 or more employees or if any industry or commercial
establishment employing less than 5 employees voluntarily opt to be
included in the scheme
Amendments of Act XIV of
1976:
In the Employees' Old-Age Benefits Institution Act, 1976 (XIV of 1976),
the Following amendments shall be made, namely:-
(1) in section
1, in sub-section (4),
(a) in clause (i),
(i) For the word "ten" occurring twice, the word "five" shall be
substituted
(ii) For the colon at the end, a full stop shall be substituted and
thereafter the
proviso shell be omitted; and
(b) in clause (ia) for the word "twenty", the word
"five" shall be substituted;
(2) in section 9, in sub-section (1), for word "six" the work "five"
shell be
substituted;
(3) in section 22, in sub-section (2), in clause (ii) for the full stop
at the end, a
colon shell be substituted and thereafter the following
proviso shell be added
namely:-
"Provided that nothing in this section shell apply to an employee
insured
under this Act on or after Ist day of July, 2008."
(4) in section 47, clause (e) shell be omitted ; and
(5) In the Schedule,-
(a) for paragraph (2), the following shell be
substituted, namely:-
"(2) The monthly wages of
an insured person, referred to in paragraph
(1), shell be calculated on the basis of wages on which contribution
were
paid in respect of the twelve calendar months immediately preceding the
date on which insured person fulfils the conditions for entitlement to
any
benefits under this Act;
Provided that the old-age pension or invalidity pension payable to an
insured person and survivor's pension payable to the survivors of the
deceased insured person shall not be less than two thousand rupees per
month for pension commencing on or after 1st day of July 2008.";
and
(b)
in paragraph (3) for the figure "2007" the figure "2008" shell be
substituted. |
