The Government of Karnataka on January 10, 2024, issued the Karnataka Compulsory Gratuity Insurance Rules, 2024.
The following provisions have been stated:
• Recovery of the amount of Gratuity:
The Controlling Authority appointed under section 3 of the Act or any other officer notified for the purpose of implementation of these rules by the State Government, is authorised to recover the amount of the Gratuity payable to an employee, as determined by the employer under sub-section (2) of section 7 of the Act, or in case of a dispute as decided by the Controlling Authority under sub-section (4) of section 7 of the Act, from the Life Insurance Corporation of India or any other insurance company with whom insurance has been taken under sub-rule (1) of rule 3.
• Continuation of Approved Gratuity Fund:
Every employer of an establishment who had already established an approved gratuity fund in respect of his employees and who desires to continue such arrangement and every employer employing five hundred or more persons who establish an approved gratuity fund may opt to continue or adopt such arrangement by applying Form II, provided such existing approved gratuity fund covers the entire liability of all the employees of the establishment under the provisions of the Act.
This notification will come into force from January 10, 2024.
For further details, kindly refer to the document attached.
[Notification No LD 397 LET 2023]
