https://www.taxtmi.com/acts?id=51245 The amendment authorises the Central Government to notify conditional exemptions from the Insurance Scheme where employees receive more favourable life insurance benefits without separate contribution, and allows the Scheme to provide for similar exclusions. It imposes employer obligations when an exemption applies: maintain accounts and returns for insurance benefits or funds, make prescribed investments, permit inspections and pay charges, preserve the quantum of benefits unless government permits reduction, and transfer departing employees' accumulated insurance credits to the new employer's insurance fund or the Deposit linked Insurance Fund within prescribed time. en-us Mon, 05 May 2025 17:25:27 +0530 Mon, 05 May 2025 17:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51245 The amendment authorises the Central Government to notify conditional exemptions from the Insurance Scheme where employees receive more favourable life insurance benefits without separate contribution, and allows the Scheme to provide for similar exclusions. It imposes employer obligations when an exemption applies: maintain accounts and returns for insurance benefits or funds, make prescribed investments, permit inspections and pay charges, preserve the quantum of benefits unless government permits reduction, and transfer departing employees' accumulated insurance credits to the new employer's insurance fund or the Deposit linked Insurance Fund within prescribed time. Act-Rules F. Acts / Amendment Acts Mon, 05 May 2025 17:25:27 +0530 https://www.taxtmi.com/acts?id=51245