Sunday 13 November, 2011

CIRCULARS OF REGISTRAR OF COOPERATIVE SOCIETIES, KERALA FOR 1973

PLEASE NOTE THAT THESE CIRCULARS ARE NOT CORRECTLY PROOFREAD WITH ORIGINALS. SO KINDLY MAKE SURE THAT THEY MATCH WITH THE ORIGINAL CIRCULARS/ ORDERS. IF THERE IS ANY FONT PROBLEM PLEASE INSTAL ML-TT-KARTHIKA FONTS. FONT PROBLEMS UPTO A LEVEL CAN BE OVERCOME BY COPYING AND PASTING THE POST IN A WORD DOCUMENT.  IF A LETTER NDA IS MISSING, INSTAL MLTTKARTHIKA FONT AND TYPE ALT+0173 FOR NDA.



No. 191/73 G3.                       
Office of the Registrar of Co-operative Societies
                                                 Trivandrum, 2nd February 1973
CIRCULAR No. 2/73
Sub:   Co-operative Societies-Payment of gratuity to employees – Conversion into Life Insurance Corporation Group Gratuity life Assurance Scheme- Instructions ordered.
Ref:   Registrars Circular No. 9/72 dated 25-2-1972.
The attention of all Co-operative institutions is invited to Section 62 of the Kerala Co-operative Societies Act and Rule 59 of the Kerala Co-operative Societies Rules, 1969 according to which all monthly paid employees on the permanent establishment of the societies shall be paid gratuity at the time of retirement.  Instructions have already been issued in the Circular cited above for the creation of a gratuity fund by making annual contributions to the extent necessary and to show it separately in the balance sheet attached to the annual audit reports.  It is also necessary to invest the gratuity fund separately so that it may be available for drawal as and when the employees retire from the service of the societies.

The Life Insurance Corporation of India has a scheme called “Group Gratuity-Cum-Life Assurance Scheme” under which the corporation is prepared to take over the gratuity liability of the societies and at the same time insure the lives of all the employees of the societies provided the societies agree to hand over to the L.I.C. annually the amount that they normally are expected to set apart for creating a gratuity fund from which gratuity is to be paid to the employees.

Under the existing rules every employee is entitled to gratuity not exceeding half month’s pay for every completed year of service subject to a maximum of 15 month’s pay.  Under the Group Gratuity-cum-Life Assurance Scheme of the L.I.C. the society cannot only build up a reserve to meet this liability but also be able to pay to the dependent of the employee, in the event of his death before retirement, 15 month’s salary that the employee was drawing on the date of his death, irrespective of the length of service put in by the employee.  In other words the employees’ lives got insured to the extent of 15 times the salary they will be drawing throughout their service without paying for it from their pockets.  So far as the societies are concerned, the entire gratuity liability will be transferred to the Life Insurance Corporation under the scheme.  In addition, the net cost to the society under this scheme will be far less than the liability of the society if it meets the gratuity liability by itself.
The Co-operative Institutions agreeable to implement the above scheme, may apply to the Senior Divisional Manager L.I.C. of India, Trivandrum-4 for further details.
T. R. Sankara Pillai
Registrar of Co-operative Societies

32 comments:

Anonymous said...

can you buy valium online effects of valium overdose - valium dosage

Anonymous said...

fantastic post, very informative. I ponder why the other specialists
of this sector do not realize this. You must continue your writing.
I am sure, you have a huge readers' base already!

my homepage - bmi chart male

Anonymous said...

Hi! I just wanted to ask if you ever have any issues with hackers?
My last blog (wordpress) was hacked and I ended up losing
months of hard work due to no data backup. Do you have any solutions to stop hackers?



Review my weblog - bmi calculator men

Anonymous said...

My spouse and I absolutely love your blog and find the
majority of your post's to be exactly what I'm
looking for. Would you offer guest writers to write content to suit
your needs? I wouldn't mind composing a post or elaborating on a lot of the subjects you write regarding here. Again, awesome website!

Here is my web blog weight Loss Calculator

Anonymous said...

Spot on with this write-up, I seriously believe that
this amazing site needs a great deal more attention. I'll probably be back again to read through more, thanks for the information!

My web blog Sidney Crosby Black Jersey

Anonymous said...

I drop a leave a response each time I especially enjoy a
post on a website or I have something to add to the discussion.
Usually it's caused by the sincerness communicated in the article I read. And after this article "CIRCULARS OF REGISTRAR OF COOPERATIVE SOCIETIES, KERALA FOR 1973". I was moved enough to drop a leave a responsea response ;) I do have 2 questions for you if you usually do not mind. Could it be only me or do a few of these remarks come across as if they are coming from brain dead individuals? :-P And, if you are posting on additional social sites, I'd like to
keep up with anything fresh you have to post. Could you list every one of all your communal pages
like your linkedin profile, Facebook page or twitter feed?


Review my page; Sidney Crosby Jersey

Anonymous said...

Thanks for any other informative web site. Where else may I get that kind of information written in such a perfect method?
I've a challenge that I'm just now operating on, and I have been on the look
out for such info.

Feel free to visit my webpage - Oakley Frogskins

Anonymous said...

I used to be able to find good info from your content.



my blog Montre Guess

Anonymous said...

Amazing blog! Is your theme custom made or did you download it from somewhere?
A theme like yours with a few simple adjustements would really make my blog shine.
Please let me know where you got your theme.
Thanks

My weblog :: http://www.earlylearningpreschool.com/louisvuittonhandbags.html

Anonymous said...

hey there and thank you for your info – I've definitely picked up something new from right here. I did however expertise a few technical points using this website, as I experienced to reload the website many times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Well I am adding this RSS to my email and could look out for much more of your respective intriguing content. Ensure that you update this again soon.

Here is my blog; wsmisports.com

Anonymous said...

It's amazing to go to see this site and reading the views of all colleagues concerning this paragraph, while I am also keen of getting experience.

Here is my blog post: Michael Kors Outlet

Anonymous said...

Thanks for any other informative site.
The place else may just I get that kind of information written in such a perfect approach?
I've a mission that I'm simply now working on, and I have been at
the look out for such information.

my web site: Louis Vuitton Purses

Anonymous said...

This article will help the internet visitors for building up new weblog or even a blog from start to end.


Look into my blog post; Abercrombie and Fitch

Anonymous said...

This piece of writing will help the internet users for building up new weblog or even a
weblog from start to end.

Also visit my weblog - Louis Vuitton Pas Cher

Anonymous said...

It's really a great and useful piece of information. I am happy that you simply shared this helpful information with us. Please keep us informed like this. Thank you for sharing.

Check out my website: Air Max One

Anonymous said...

With havin so much content and articles do you ever run into any
issues of plagorism or copyright infringement? My website has
a lot of unique content I've either written myself or outsourced but it appears a lot of it is popping it up all over the internet without my permission. Do you know any techniques to help protect against content from being stolen? I'd really
appreciate it.

Look at my web-site: Chaussure De Foot

Anonymous said...

I like what you guys are up too. Such clever work and coverage!
Keep up the wonderful works guys I've incorporated you guys to blogroll.

Feel free to visit my web site ... calorie burn calculator

Anonymous said...

I am regular reader, how are you everybody? This post posted at this
website is genuinely nice.

My web page :: Cheap Louis Vuitton Bags

Anonymous said...

What's up to every one, it's in fact a nice for me to visit this web page,
it consists of useful Information.

My website; Nike Air Jordan

Anonymous said...

Ahaa, its good dialogue concerning this paragraph at this place at this
blog, I have read all that, so now me also commenting at
this place.

Also visit my web blog Wholesale Jerseys Cheap

Anonymous said...

May I simply just say what a comfort to find someone who genuinely
knows what they are discussing on the net. You actually realize
how to bring a problem to light and make it important.
A lot more people really need to read this and understand this side of your story.
I was surprised you are not more popular because you surely possess the
gift.

my web blog - Abercrombie Et Fitch

Anonymous said...

It's a shame you don't have a donate button!
I'd without a doubt donate to this excellent blog! I suppose for now i'll settle for
bookmarking and adding your RSS feed to my Google
account. I look forward to new updates and will share this website with my Facebook group.

Talk soon!

Here is my homepage ... ngosummit.com

Anonymous said...

I always spent my half an hour to read this webpage's content all the time along with a cup of coffee.

Have a look at my blog post :: Nike Free

Anonymous said...

Hi there i am kavin, its my first time to commenting
anyplace, when i read this article i thought i could also create comment due to this brilliant article.


Feel free to surf to my blog :: NFL wholesale Jerseys

Anonymous said...

I have learn some excellent stuff here. Definitely price
bookmarking for revisiting. I wonder how much attempt you put to
create such a great informative site.

Also visit my web site: Boutique Guess **

Anonymous said...

I'm not sure exactly why but this website is loading extremely slow for me. Is anyone else having this problem or is it a problem on my end? I'll check back later and see if the problem still exists.


my blog post :: make beats

Anonymous said...

I'm not sure exactly why but this website is loading extremely slow for me. Is anyone else having this problem or is it a problem on my end? I'll check back later and see if the problem still exists.


Visit my web blog make beats

Anonymous said...

I was excited to find this page. I wanted to thank you for your
time just for this wonderful read!! I definitely really liked every little bit of it and I have you
saved to fav to see new stuff in your blog.



Here is my weblog Chaussures Foot

Anonymous said...

I believe that is one of the such a lot vital information for me.
And i am happy reading your article. But wanna observation on few normal
things, The site style is wonderful, the articles is in reality excellent : D.
Excellent process, cheers

Also visit my webpage :: Air Jordan Pas Cher

Anonymous said...

Thanks for your marvelous posting! I really enjoyed reading it, you are a
great author.I will make sure to bookmark your
blog and will come back very soon. I want to encourage yourself to continue
your great job, have a nice holiday weekend!

Feel free to surf to my website ... Boutique Air Max

Anonymous said...

I know this if off topic but I'm looking into starting my own weblog and was wondering what all is required to get set up? I'm assuming having a blog like yours would cost a pretty penny?
I'm not very web smart so I'm not 100% sure. Any recommendations or advice would
be greatly appreciated. Thanks

my homepage Louis Vuitton Handbags

Anonymous said...

Very good article. I'm facing some of these issues as well..

Feel free to surf to my webpage: Louis Vuitton Pas Cher

allnews International Cooperative Alliance National Cooperative Union of India Kerala State Cooperative Union Cental Ministry of agriculture and Cooperation Kerala Cooperative Department Minister for Cooperation, Kerala Kerala Laws NCDC NABARD Reserve Bank of India NAFED NCCF Cooperative Service Examination Board KPSC KSCB civil services UPSC