Labour Minister Kharge chairs 193rd central board of trustees meeting

March 30th, 2011 - 10:00 pm ICT by ANI  

New Delhi, Mar 30 (ANI): Union Minister of Labour and Employment Mallikarjun Kharge chaired the 193rd meeting of the Central Board of Trustees, Employees’ Provident Fund here today.

The meeting was the tenth regular meeting of the present Board.

The Board deliberated upon the proposal for extension of the tenure of existing fund managers and its concurrent auditor by a period of three months from April 1 to June 6 as the process of selection of new fund managers was yet to be completed.

It was decided not to extend the tenure of the existing fund managers but to entrust the fund to SBI to manage the funds till new fund managers are selected.

The Board also considered an agenda item on election of representatives of employers and employees to the Executive Committee of the Central Board of Trustees.

After deliberations among the employees’ and employers’ representatives the members present proposed to the Chairman, CBT three names each for appointment to the Executive Committee, CBT unanimously, as new employees’ and employers’ representatives.

The Board also decided to defer the agenda on the report of the working group on comprehensive amendment to the Employees’ Provident Fund and Miscellaneous Provision At, 1952 as the members needed some more time to send their views on the recommendations to the Chairman, CBT. (ANI)

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