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5.0. 822(E).—Whereas the Coal India Limited (which includes its Headquarters, units and subsidiaries) (hercinafter referred to as the said establishment) have applied for exemiption under sub-section (1) of Section 11 C -of the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 (46 of 1948) (hereinafter referred to as the said Act) from the operation of the Coal Mines Deposit Linked Insurance Scheme, 1976 (hereinafier referred to as the said Scheme).
And Whereas, the Central Government is satisfied that the executive employees of the said establishment are, without making any separate contribution or payment of premium, in enjoyment of benefits under the Life Cover Scheme introduced by the said establishment for its employees in the nature of life assurance which are more favourable to such employees than the benefits admissible under the said Scheme.
Now, therefore, in exercise of the powets conferred by sub-section (1) of Section 11C of the Coal Mines Provident Fund and Miscellaneous Provisions Act, 1948 and subject to the conditions.specified in the Schedule - annexed hereto, the Central Government hereby exempts the executive cadre employees of the said establishment from the operation of all the provisions of the said Scheme with effect from the date ‘of issue of notification in the Official Gazette.
SCHEDULE
1. The employer in relation to the said establishment shall submit such retums to the Coal Mines Provident Fund Commissioner, Dhanbad, maintain such account and provide for such facilities for inspections, as the Central Government may direct from time to time.
2. The employer shail pay such inspection charges as the Central Government may, from time to time, direct under clause (a) of sub-section (3) of Section 11C of the said Act, within 15 days from the close of every month.
3. All expenses involved in the administration of the * Life Cover Scheme including maintenance of accounts, submission of returns, transfer of accounts and payment of inspection charges, etc. shall be borne by the employer.
4. The employer shall display, on the Notice Board of the establishment, a copy of the rules of the Life Cover Scheme as approved by the Central Government and, as and when amended, along with a translation of the salient featurcs thereof in the language of the majority of the employees.
5. The employer shall arrange to enhance the benefits available to the employees under the Life Cover Scheme appropriately, if the benefits available to the employees under the said Schema are enhanced, so that the benefits available under the Life Cover Scheme are more favourable to the employees than the benefits admissible under the said Scheme,
6. Where an employce. who is already a member of the Coal Mines Provident Fund, is employed in his establishment, the emplover shall immediately enroli him as amember of the Life Cover Scheme and pay necessary premium in respect of him.
7. The employer shal: arrange, in respect ofan employee who leaves the establishmens and joins another establishment covered under the said Act tc transfer to the Insurance Fund in respect of the other establishment, the proportionate premium to the credit of the outgoing employees.
8. No amendment of the provisions of the Life Cover Scheme will be made, which is likely to affect adversely the interests of the employees, without approval of the Central Government.
9. Notwithstanding anvthing contained in the Life Cover Scheme, if on the death of an employee, the amount payable under this Scheme be less than the amount that would be payable had empioyee been covered under the said Scheme, the employer shall pay the difference to the legal heir or nomince of the employee as compensation.
10. Where, for any reason, the employees of the establishment do not remain covered under the Life Cover Scheme of the Coal India Limited, or the benefits to the employees under this Scheme are reduced in any manner, the exemption shall be deemed to have been cancelled with effect from the date the employees are not covered under the Life Cover Scheme or the date of reduction of the benefits and the establishment shall be treated as covered under the said Scheme.
[F.No.20/15/2003-PRIW-TII| RAJIV SHARMA, AddL Secy.
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