In exercise of the powers conferred by rules 24 (5) of the rules of the Navodaya Vidyalaya Samiti, the Executive Committee, NVS, hereby make the following rules:-
In these rules, unless the context otherwise requires -
Any other expression/definition employed in these rules which is defined in the Contributory Provident Fund Rules (India) 1962, is used in the sense defined therein.
3. The Samiti will follow Mutatis Mutandis Central Govt. CPF Rules (India) 1962, as amended from time to time unless prescribed otherwise in these rules.
Samiti shall on the 31st March of each year make a contribution to the account of each subscriber as per Govt. of India instructions from time to time as provided in Contributory Provident Fund Rules (India) 1962. The rate of Contribution present is 10% of emoluments as on 31st March of the year.
9. In regard to matters not specifically provided for in these rules, the provisions of the Contributory Provident Fund Rules (India) 1962 shall apply mutatis-matandis to every employee of the Samiti who has been or may be admitted to the benefit of Navodaya Vidyalaya Samiti Contributory Provident Fund Rules. In such matters, the Samiti shall also follow the procedure prescribed by Govt. of India.
10. The appropriate competent authority for sanction of Advances and withdrawals from the fund shall be as under:-
|1||Principal||all employees except the Principal of the Vidyalaya under his charge.|
|2||Regional Dy. Commissioner||for Principals of Vidyalaya of the Region and all the employees (except Dy. Commissioner) working in the Regional Office.|
|3||Dy. Commissioner (Admn.)||for all employees of the H.Qs. Office upto and including Asstt. Copmmissioners|
|4||Commissioner (NVS)||for all officers of the rank of Dy. Commissioner and above in Headquarters and all cased of advances and requiring relaxation under CPF Rules.|
|1||Internal Financial Adviser/ Chief Accounts Officer||Final withdrawals/payments on superannuation, retirement,resignation or discharge.|
|2||Commissioner (NVS)||In case of withdrawals with or without relaxation of CPF Rules in respect of all employees of Navodaya Vidyalaya Samiti.|
The Accounts of the fund shall be maintained at the Hqrs. of the Samiti. The Annual Receipts and Payments and Balance Sheet prepared therefrom shall form part of General Fund Annual Accounts of the Samiti and got Audited by the ‘Auditors’ of the Samiti.
Amendment to these rules can be done by the approval of the Executive Committee on the recommendation of the Finance Committee of the Samiti after consultation with Ministry of Finance, Department of Pension & Pensioners Welfare.
The power of interpretation/relaxation of these rules shall vest with the Commissioner, Navodaya Vidyalaya Samiti, but any relaxation involving policy change would be done after consultation with the Ministry of Finance/Deptt. Of Pension & Pensioners Welfare.