TMI BlogAmendment of Fourth ScheduleX X X X Extracts X X X X X X X X Extracts X X X X ..... the moneys of a recognised provident fund: Provided that no rule made under this clause shall require the investment of more than fifty per cent, of the moneys of such fund in Government Securities as defined in section 2 of the Public Debt Act, 1944 (18 of 1944)."; (b) in Part B,- (i) in rule 4, in sub-rule (1), for the words "and of the accounts of the fund for the last year for which such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies as defined in section 2 of the Public Debt Act, 1944 (18 of 1944)."; (c) in Part C,- (i) in rule 4, in sub-rule (1), for the words "and of the accounts of the fund for the last three years for which such ac- counts have been made up", the following shall be substituted, namely:- "and, where the fund has been in existence during any year or years prior to the financial year in which the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-rule (1), after clause (b), the following clause shall be inserted, namely:-
"(bb) regulating the investment of deposit of the moneys of an approved gratuity fund:
Provided that no rule made under this clause shall re- quire the investment of more than fifty per cent. of the moneys of such fund in Government Securities as defined in section 2 of the Public Debt Act, 1944 (18 of 1944).". X X X X Extracts X X X X X X X X Extracts X X X X
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