Employees' Provident Fund Organisation
Ministry of Labour & Employment
Government of India

Wednesday, March 30, 2011

193rd CBT MEETING 30.03.2011

The 193rd meeting of the Central Board of Trustees, EPF, which was the tenth regular meeting of the present Board, was convened here today.

2. 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 1.4.2011 to 30.06.2011 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.

3. 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.

4. 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.

5. The above decisions were taken under the Chairmanship of Shri Mallikarjun Kharge, the Union Minister of Labour and Employment and Chairman, CBT (EPF).