(1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2011.
(2) It shall come into force on the 1st day of December 2011.
(3) Modifications to be done to the original Public Provident Fund Scheme, 1968, -
ℹ️ in paragraph 3, in sub-paragraph (1), for the letters and figures u201CRs 70,000/-u201C, the letters and figures u201CRs 1,00,000u201D shall be substituted;
(ii) in paragraph 11, in sub-paragraph (2), for the words u201Cone per cent. per annumu201D, the words u201Ctwo per cent. per annumu201D, shall be substituted;
(iii) in Form-A, in paragraph (iv), for the letters and figures u201CRs70,000/-u201C, the letters and figures u201CRs 1,00,000u201D shall be substituted.
Now what should we as consultants do?
Should we do the changes or will sap be releasing any note for the amendment?