The Government of Kerala on October 04, 2024, issued the Non-Resident Keralites’ Welfare (Amendment) Bill, 2024 to further amend the Non-Resident Keralites’ Welfare Act, 2008.
The following amendments have been stated:
• In section 2, for clause (ga), the following clause shall be substituted, namely:-
“(ga) “Dividend” means the sum allotted to the Board on the deposit transferred to the agencies specified by the Government as per the Non-Resident Keralites’ Dividend Scheme for providing an assured sum to the members or beneficiaries of the said Scheme which the said agencies shall give to the Board together with the Government share;”
• In section 8A, the existing provision shall be numbered as sub-section (1) and after sub-section (1) as so numbered, the following sub-section shall be inserted, namely:-
“(2) The Government may, by notification in the Gazette, make any addition, amendment, omission or variation in the Scheme framed under sub-section (1), either prospectively or retrospectively.”
It shall come into force at once.
[Bill No. 213]
