Rule 328: Prior approval to amend an approved gratuity fund
Rule 328 locks the terms of an approved gratuity fund. Rules 316 to 329 govern approved gratuity funds under Part B of Schedule XI to the Act. No alteration in its rules, constitution, objects or conditions may be made without prior approval of the approving authority.
Official notified Income-tax Rules, 2026Need advice on Rule 328?
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Bare law
Rule 328 - Amendment of rules, etc., of fund
No alteration in the rules, constitution, objects or conditions of an approved fund shall be made without the prior approval of the approving authority.
Rule breakdown
What needs approval
Rules.
Constitution.
Objects.
Conditions.
Key takeaways
Prior approval
For any change.
Scope
Rules, constitution, objects, conditions.
Parallel
Rule 314.
Practical checklist
- Seek approval before amendment.
Avoid
- Do not apply changes before approval.
FAQs
Can the gratuity fund rules be amended?
Only with prior approval of the approving authority (Rule 328).
Does it cover change of objects?
Yes.
Superannuation parallel?
Rule 314.
Glossary
- Approved fund
- Gratuity fund approved under Part B of Schedule XI.
- Alteration
- Change in rules, constitution, objects or conditions.