Class III and Class IV employees (Promotion) Amendment Rules, 2021 : Life Insurance Corporation of India

Class III and Class IV employees (Promotion) Amendment Rules, 2021 : Life Insurance Corporation of India
 MINISTRY OF FINANCE

NOTIFICATION

New Delhi, the 7th July, 2021

G.S.R. 477(E).— In exercise of the powers conferred by section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Central Government hereby makes the following rules further to amend the Life Insurance Corporation of India Class III and Class IV employees (Promotion) Rules, 1987, namely:—

1. Short title and commencement.—(1) These rules may be called the Life Insurance Corporation of India Class III and Class IV employees (Promotion) Amendment Rules, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette

2. In the Life Insurance Corporation of India Class III and Class IV employees (Promotion) Rules, 1987,—

Class III and Class IV employees Promotion

(i) in rule 5, in sub-rule (2), for the word “Chairman”, the word “Chief Executive” shall be substituted;

(ii) in rule 6,—

(a) in sub-rule (2), in the proviso, for the word “Chairman”, the word “Chief Executive” shall be substituted;

(b) in sub-rule (4) for the word “Chairman”, the word “Chief Executive” shall be substituted;

(iii) in rule 7, in sub-rule (1), for the word “Chairman”, the word “Chief Executive” shall be substituted;

(iv) in rule 8, for the word “Chairman”, the word “Chief Executive” shall be substituted;

(v) in rule 10, in sub-rule (1) for the word “Chairman”, the word “Chief Executive” shall be substituted;

(vi) in the Schedule, against Sl. No.1, under the heading “Conditions of eligibility”,  for the word “Chairman”, the word “Chief Executive” shall be substituted

[F. No. I-13011/02/2021-Ins.I]
SAURABH MISHRA, Jt. Secy.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.No.824(E) dated the 25th  September, 1987 and subsequently amended vide number G.S.R. 462(E) dated the 30th April, 1990, G.S.R. 229(E) dated the 23rd April, 1991, G.S.R. 226(E) dated the 22nd April, 1997, G.S.R. 833(E) dated the 30th December, 1999, G.S.R. 779(E) dated the 21st October, 2011 and G.S.R. 690(E) dated the 12th September, 2012.

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