Employee's Provident Funds Miscellaneous Provisions Act, 1952
7. Modification of Scheme
(1) The Central Government may, by
notification in the Official Gazette, add to, [amend or vary, either
prospectively or retrospectively, the Scheme, the [Pension] Scheme or the
Insurance Scheme, as the case may be.]
[(2) Every notification issued under
sub-section (1) shall be laid, as soon as may be after it is issued, before
each House of Parliament while it is in session, for a total period of thirty
days, which may be comprised in one session or in two or more successive
sessions, and if, before the expiry of the session immediately following the
session or the successive sessions aforesaid, both Houses agree in making any
modification in the notification, or both houses agree that the notification
should not be issued, the notification shall thereafter have effect only in
such modified form or be of no effect, as the case may be ; so however, that
any such modification or annulment shall be without prejudice to the validity
of anything previously done under that notification.]