Rule 317 requires a gratuity fund and its trust to be established in India, with at least two trustees (a company only with the approving authority's prior approval), all resident in India, and requires a trustee who leaves India permanently to vacate office.
317
Rules 2026 · Rule 317
Conditions regarding trust and trustees (approved gratuity fund)
Rules 311-333
The rule. The fund and the trust shall be established in India (sub-rule 1). The trust has at least two trustees, but a company under section 2(20) of the Companies Act, 2013 is not appointed as a trustee without the prior approval of the approving authority (sub-rule 2). The trustees are resident in India, and a trustee who leaves India permanently vacates office (sub-rule 3).