Section 7. Modification of scheme

7. Modification of scheme .—(1) The Central Government may, by notification in the Official Gazette, add to[3] [amend or vary, either prospectively or retrospectively, the Scheme, the[4] [Family Pension] Scheme or the Insurance Scheme, as the case may be]. 5[(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.] 1. Omitted by Act 25 of 1996, s. 6 (w.e.f. 16-11-1995). 2. Ins. by Act 4 of 1986, s. 2 and Schedule (w.e.f. 15-5-1986). 3. Subs. by Act 99 of 1976, s. 22, for "amend or vary the Scheme or the Family Pension Scheme, as the case may be" (w.e.f. 1-8-1976). 4. Subs. by Act 25 of 1996, s. 4, for "Family Pension" (w.e.f. 16-11-1995). 5. Subs. by Act 4 of 1986, s. 2 and Schedule, for sub-section (2) (w.e.f. 15-5-1986). 7. Printing [other than printing industry relating to newspaper establishments as defined in the Working Journalists (Conditions of Service) and Miscellaneous Provisions Act, 1955 (45 of 1955), including the process of composing types for printing, printing by letter press, lithography, photogravure or other similar process or book-binding.] 8. Glass. 9. Stone-ware pipes. 10. Sanitary wares. 11. Electrical porcelain insulators of high and low tension. 12. Refractories. 13. Tiles.] 7. The conditions under which withdrawals from the Fund may be permitted and any deduction or forfeiture may be made and the maximum amount of such deduction or forfeiture. 7. The manner in which the accounts of the Pension Fund shall be kept and investment of moneys belonging to Pension Fund to be made subject to such pattern of investment as may be determined by the Central Government.