Employees Provident Funds Ordinance, 1951

• . j • . . · . .. . . . · < . . \ • . . • ' • . . .. ,::. . • '•·· • ., . . . •• • . , . • • I . • • • • . • - . . . , • I , ' 1 £ A~ d__ ... __ EXTRAORDINARY ~RT II-Section l • • • • la .. • • PUBLISHED BY AUTHORITY -~=====================-===-=---. .. - . NEW DELHI, THURSDAY, NOVEMBER 15,-19~1 __, N'o. 53] • -===================-==-===:::::::--~•'.--=.:---=- =-==--=.:-•-:-::-c::. ==: == - •• ---- : !\. MINISTRY OF_ LAW • - . . • '!v ew Dellii, • the l5t/i_ .lvovember, 1951 • ·_ THE EMPLOYEES'·PROVIDENT • 1951. . • ~S ORDINANCE, • No. VIII OF 1951. .. . .An. Ordinance to pro~ide for t~e institu~ion of provident funds for e~ployees Ill • factories and ·other establishments. . . .,, • • vVHEREAS Parliament is not in session and the President .. is satisfier! ·that ...circt1rnstances exist · _which render it necessary . for , him to take immediate ·, actio11 _; ' , .. . . Now ·THEREFORE, in exercise of t'he -powers conferred by _clause (1) of~~. ~ article 123 of the -Constitution, the President is pleased to, promulgate the following· Ordinance.: - ... - . 1 -, .. , 1. Short title, extent~ commentement and application.-( 1) This . , • Ordinance may be caJled the. Employees ' ~rovident l<,unds Ordinance, • i951: , · · • • : • I . (2) It extends ·to ·th~ whole of India. ·except the" ·state of Jammu and f ~-- :Kashmir. ~ . . , _(3) rt· shall come . into force ·at .once. - • , . • . .. (4) It- ~pplies in the first instance to all factories eng~ged in .any · industry specified in Schedul.e · I in which fifty or more pers~ns are 1 employed, but the Central Government may, afte~ givi?g ~ot less th~n two months' notice of its interition so to do, bv not1ficat1on m the ·Offic1sl • Gazette, apply the provisions of this Ordinanc~ to all f~ctori~s .employ~rig ' such 1111mber· of persons less than . fifty as may be specified in -the not1fi- • cation, and enga.ged in any such industry. _ • • 2. Definitions. r In this . Ordinance, 11nless the ..,context otherwise • • \, • requires,- • I •• '' • . (a) ''appropriate Gqvernment means- . (z) i~ relation to a factory under the • control o~ ~e ~entra~ •. • • .. . • Government or a railway administration or the ad~inistrat~on ?f -a major_ port or a factory engaged in a controlled 1ndustry or m. ~t~ · f 495) .' • ~:-~, • • . . . ' •. < . ,. . . . . . . . . . . . . . . . .. ,. . ' . ... . . . - • . . • , • • .. • • • • .II , .. . ' • • • ' • • - • - . . • • •·. ' • . . \ ·. • • .. • • • , .( . ·• . . . ··- • - .. • • • • • • • . - • ';, • . .. • - • • . ' .. - .. , •· • • . ... ' . .• " .. . •• :. -· - • • • • . . . • • • • . ' - 496 , · THE GAZETTE OF IN-DIA EXT_ll.AORDINARY • . . - - [ J? .\ll't • •· . dustry connected with a mine or an oilfield th· • an 1 n . _ - _ . ,. e Oen t ~ . ._ eirnment, and • ra1 .u0 • : . . • ~ • . ... (ii) in relation to any other factory, the State G • •• ~ · · " - 0Vern1n ( b) • 'basic wages'' means all remuneration which • ent, d t On Je. "tl is ea~ ' an employee while on u y or ave wt , i wages • in a , .. eq b ·th tlie terms of tl1e contract of employment -aricl whi"nh _ccordal\ Y w1 . b t . d t • l d '"' is p • •1ee paiable in _cash to .him, . u • oes no· inc u e,- a1d ~r . (i) the cash value of any foocl"'concession; • . • . (ii) any dearness allowance (th~t is to say, all cas -• ments by whatev_ei: nam? _called paid to an employee on h pay. : . of a i·ise i11 the cost of l1v1ng)1 house rent allowance accou: .•· .. IJ · · h , OVe ,. \ \\, . . ia,llowance, -bonus, comm1s~1on or any ot ~r similar -allo ru1in. • 1 ~,- payable to the employee 1n respect of his employme t- Wan,) • i work done in such employment; • _ n or Of •• . , • . (iii) any presents made by -the employer; • __ • - . • . ( 0 ) • i contribution'! mean~ a - contribution • ptt-yable in respect of • •' • • I • • • .. - • - • • • • ·• , • . ' • • member under a Sch:eme; • a . (d) ''controlle_d indust-ry'' means an~ industry the control of , _: which by the U n1on has been declared by a Central Act to be pedient in the public interest: - ex, . (e) .''employer'' -means •• I • • ' , -(i) in ·relation to a. factory under the control of any depart . • ment of the· Central. Governme11t or of nny ~tate Government th · authority _app_ointed b;v _such Government in this behal~, or, ~her: 110 authonty 1s so appointed, th-e head of the d~partment; . I ,:. ~ t (it) in any ot,her factory, the· owner or occupier of the factory, including th~ agent of s1.1ch qwner or occt1pier, the legal -represe;ntative of a deoeased ownei; or occ11pier, andt where ,8 . person has been ·narr1ed as a manager of the . factory under clause ('!) o_f sub-section (1) of· section 7 of the Factories Act, 1948 (L)fIII of 1948), the person .. so named; . - ' . • - (fl ''employee'' means any person who is employed for we.ges in • al any kind of ,vork, manual or,,otherwise, in or in connEiCtion with the' '\ work of a factory, and ~ho gets his wages directly or indirectly from •- the employer, and inclt1des any person e:mpl.oyed by or through s • • ~on-tractor in or in ·connection with the work of the factory; , • , •, . (g) "factory" means any premises,· including the precincts there- • of, in any part of which a manufacturing process is being carried , ~n or is Qrdinarily so carried on, whether- with th.e aid of power r' without the. ::tid ~£ powe1·: . - I • . (h) ''Fund" means the provident fl.ind _established under a Scheme·• • -' . • • · • · (I!. "industry" means any. industry specified in Schedule. I, ~n: tncludes any other industry added to the Schedule by nottfica t io under section 4; • • . • •• (1) •'member'' means a member of the Fund; .. • • . t ( k) ,. · h h • ult1111s•e . · occupier of a factory'' means the person w o , 89 • s are control over the affairs of the factory, and, where the said affair • • , •• . . - -.. • • • ' ' -• • ' - • • • ., .. . . . .. ,. :! •• •• \ :::::= entrust~d to a managing agent, such agent shall b d - - _ -=-=-· oooupier of the factory; . , . . e ,M ee~ed_ to be the ( l) ·'Scheme' 1 means a Schem~ framed,, und th· . · •• - , . . er 18 Ord1na11ce • l, s. :Power to a~ply Ord1n~nce t~ establishment which h • , \ :i • vi·dent fund with a facto.1:y.-Whe1·e i111uied •'"'el b . as. a. common pro . . . . .u l> Y e1.01·e •• h o J· r~ ,.' •• mes applicable to a factory ther.e 1s 111 existence . d" 18 r 1uauco •. . ~e:~mrnon to the empl?yees e~ploye'd in a factoi·y t~ ~~~1 en~ fun~ _wl1ich ·• _is plies. and e~plo1ees. 111 any .ot!1~1· estub'.ishment, the C -c~ .tfs 01d1nance - ;: a;f.., , by not1fi0at1on 1n the Otlic1al Gazette, dir·ect thate1t:a Go~e~runen~ 1- - ~1if OrdinGuce shall alilo upply to that ei,tabiishn1l!nt an l etfrov1s1011s of -i ; tablisbment shall be deemed to be a factory for all , th~ t u e1·eu po11 th_e ~ ri1' ~' ( 1 d' nne · - p rposes of this · , •·. ·.'f Jr 1na v • ~.-· d 4 • Power to adJ t:> ~c:..) .. :::;;: ::::.-- ··:,. c-, ., ... 1i r- • • ' if ~ uotification in the Officia! Gaz.ette, add'""'i~ S;h:d~le u.1o'a'e1·11t11et·hnt. I~ludy, by ... f th 1 · • h. h · · • ny o er 1n ustry in respect o e emp oyees in w i_c it ~s of opinion that a p1·ovident fund 813heme should be fr~med under this_ Ord1 .. nance, and thereupon the industr 60 added .sha~l. be d~med to b.e an. industry speci~ed in Schedule 1 for th! purposes pf this 01d1nance. 5, Empiofea3s. Pi?,,id~.t.J.t !:"": ·: d £::icn1e.;.--'J.~l1e -Centr,tl Go·vernrnent • may, by not1fic~t1on 1_n the Official Gazette, frame_ a Scheme to b_e called . tlie Emplo~ees J?r?'!1den_t . Fund Scheme for the establishment of provi­ , dei1t fu11ds under t~1s 01d1nauc~. fo~ employees or foi· any class of eiiiployees tin~ specify the factories or class _of factories to. which the snid ScJ1en1e shall apply._ • - & •. Contrib~ti~~ and"_matter~ Which _may-~ provided for in Schemes.--­ (1) '11hf c~nt1·1but1on which sha1l be pa~d by the_ employe1· to the -~'und -shall be s~x a11cl a qult1·te1· pe1· ce11t. ot the baa1c wages and the deai·uess • allc,wance pftyable to each of the employee_s, aud the e1nployee ➔s oor1tri­ bution shall be · equal to th~ c_ontribution payable' by the employ.~r in 1·espect of him -and ~ay, Jf a11y employee so desi1·es and if the Sch,)me . ma·kes provision therefo~, be a11 amoun~ fiot . exceeding eight an(l one• ti1ird per cent. -of his basic' ,vages &nd .dearness -allowa11ce: • Provided that. wher~_ the amount of any oontributioI! payable under -thi;; Ordinance involves a fraction of a rupee, tl1e Scl1en1-e may p19vide· £or t~· ,,.. • th~ rou.nding off of su_ch fraction~ to the nearest, rupee, half _of a rl~pee o:t . ! :· e quarter of a rupee. • ' ' I ' ' . • • Ex,planation.-For the purposes of this sub-section, dearness allowance shall be deemed to include also. the. cash value of any food concession ,1llowed to the employee. . • (2) ·Subject to the provisions contained in sub-section (1), any. Scheme , n1ai provide for all or any .of the n1atters specified in Schedul.e II. - . ' ' . . 7. Modiflcation of Scheme.--Tl1e Cantra-1 • Government may, by noti­ cation in the Offic'ial Gazette, add to, amend or vary any Scheme fram~d - unde1· this Ordin&pce. .. • • · · \ . ' 8. :Mode ... of recovery of moneys due from employers . . 1\ny .·>,111ount ~~e fro1u an employer in respect of any co11tribt1tio11 pnyable 1Jnd1;r _ ~~is .. 01~clinance or . to\vards the cost of administe1·i11g the Fund payable by ~111r1 . tinder any· Scheme may, if it is in ar1·ea1·, be 1"ecovered by. the app1·op1·1ate Governme11t iri the same manner as an arrear of land reve11ue. 9. Fund. to be recognised under Act XI of 1922 .. -Foi:. the J)11rposes 0 t~~ Indian I~come~tax AQt, _ J 922 (X.I of 1.922), the F?nd shall be deeme __ • • .. • . • . ' • • • ' • • ·" . • • ... - - , ' • • • .• • •, • ' . • ' ' ' ' ' ' . > • - , -. ' • • • • . ... • ' .. • • . . . . ... ' ,. ' .. , • •. ' . • • • • l • I • • • • • . ; ' - • .,. ' . , . , 1 ,Jili GAZETTE OJI'. INDIA EX'rRAORDINARY • • * a .. - -- [i>.Aa-r 11 • • • -~. Chapter~ rl .-- It ----~~ be 81 recognise!! provident fund. with~ the meani~g of • of that Ac~. • • . 10 , :Protection againA attachment.· (1) Th_e amount· standing to dit f any member- in the Fund shall not 1n any way be b the •• t}re O d h 11 "''t b 1· bl oapa le f •• bein assigned or charged an s ~ - no e ia e to attachment o any gdecree or ord~r of any court_ lll resp~ct of ~ny debt or liability inc:der b the member and neither the official assignee appointed und rred Jesidency-towds Insolvency Act, 1909 (Ill of 1909), nor any r:: _the appointed under the Provinc~al. Insolvency Act, _ 1920 (V of l920), :her be entitled to, or have_ any. claim on, any such amount. • all . (:3) Any· amo~t standing to ~he _credit. of an~ member in the F~ / ·at the tim_e of hIS death an~ pa:}la~le ~o his nominee. under the Schem~ the nominee and sh9:ll be free from any ~ebt, or other liability incUrre by the deceased or· incurred by the nominee before the death. of the member. ll, Priority of payment of _con~ributians ov~r oth~r debtal.-The amount due in resp.ect of an! contr1b~t1on under this Or~u:~ance or under any scheme and any charges mcurred in r~sp~?t ~f the administration of the . Fulld unaer any Sche_me_ shall, _,vher:=: the ha•?ihty therefor h~s accrued before .the person liable is ad1ud1cated n1solvent, or, 1n the case of a company ordered to be wound up, before the dat!;l of such order, be_ deemed to be included , , '>among the debts which undei section 49 of the Presidency-towns Insol'Vency _ Act, 1909 (III of 1909), or und.er s~ction 61 of the P:ovincial Insolvency • • I ... Act, 1920 (V of 1920) or under~ section 23_0 of the Indian Com:e_anies Act _ 1913 (VII of 1913) are to be paid in priority to all other debts in the distri'. bution of the property of •e insolvent or the assets of_ the company being ·wound up, as the case may be. __ • 12, Em1¥oyer not_ to reduce wages . . No employer shall, by reason . - only of his liability for any contribution p&yable under this ()rdinauce, · reduc.e, whether directly 01 in<firectly, the wages of any employee, or, _except as provided by any S'cheme, discontinue or· reduce any benefit . (similar to any benefit conferred by this Ordinance or by any Scheme) _ • • to wbi~h the employee is entitled u11der the te1·ms of his employment. in the Official Gazette, appoint such persons as it thinks fit to be Inspeo-~ tors for the purposes of this Ordinance or of any Scheme and may define their jurisdiction .. • , . • . , _' .• (2) A'rJY l_?~pec~or appoirited und.er sub-section (1) may, for ~he •p~- , _ nose of_ 1nq~iring _ into ~he correctness of any. informati0n furnished . 10 • •. '. ?onnectron with this Ordinance or a Scheme or for the purpose of ascert~in• :_ ing whether_ any ?£ the provisions of this Ordinance or of any Scheme have _ been complied with- . • • - •· • • ' • • (a) r~quire an employer to furnisla such infeI'mation as :he roaJ co~sider necessary in relation • to the Scheme·, •• , • (b) at a.nY: r.easOnable ~ime enter any factory or-any pretnises co: nected therewith _ _and _require any one found ill cbo.rge tbereo! ters · produce before him for examination any accounts, books, regis the and other documents relating to -the emplovment of persons or -' payment of wages in the factory· ~ • • ~ ( ) • . • . ' . . • of the . c examine,. with respect to any matter relevant i1o any other purposes aforesaid, the employer, his ag.ent or1 servant_· or any • .... • • • • . . • ' • • • ,,, . . . • . . . · l I THE OAZM'l'TE OJ!~ lNl)lA EXTliAOl{Ql.NAltY • 499 a.)£0• ...,.,.. pd - -~. -··- ----- ----·-- _____ .:, ____ -----------..::=.· p ... _,,__ ' . __ .... ,_..;~- . • -~ - .... ----- • :rsoD. found _in charge of the factory or any prAmises ~~~~ted fhere,,,.1th oi whom ~he In~ector _has reasonable caus~ to believe to _ be or to have been, an employee 1n the factoi·y; (d) make copies of, or take txtracts from- any book • t • •. · t · d · 1 • , , reg1s er or othei·· documents main a1ne 1n re at1on to the factory; • . ~ . i- (e_) exercise such. other po,vers as the ~cheme may provid~. _ •· (S) Every In~pector shall be d.eemed to be a public sei:vant within. the .[Jleaning of section 21 of the Indian Penal Code (Act XLV .of 1860). · 14. Penalties . . (1) ~1:toever, ~or th~ purpose of avoiding a.ny payment to oe ma.:le by ~•n11:;elf under this .. Ord111ance or un~er. any Sch~me or of ,, euabii.rig any other person to avoid such paym.en~, ki1o\vingly riialier, or . ,::~i'li\ cauReS to be. m~de a_ny false statement or_ ~alse representation shall be ,, ~ punishable wit~ imprisonment for a term which may extend to six months, • • ; or with fine which may extend to one thousand rupees, or with both. • , . (2) A Scheme framed under t~is ~rdin3nce may provide that • any .perso~ who cont1·ave~es, 01· ma~es default _in- complying with, any of the. provisions· thereof shall_ be punishable . w1~h imp~isonment for a term which may. extend to ~1x; months, or with fine ,vhich may extend -to one • . , ~;: ·. · thousa-nd rupees, or with both. ... . I . • f . . (3) No court s~all take· cognizance of. any offence punishable und·er r _ this Qrdinance or under any Sche1ne except 011 a report in ,vriting of the facts constituting such offence made by an Inspector appointed under section 13, with th9 pr~vious sanction of such ~uthori~y as may be specifiert in ·this behalf by ~he Central Government. • ~ ' . - • _: 15 .. Special provjsions relating to existing provident funds.-1(1) Every ~- · · employee ,vho is a subscriber to any provident fund established by the . ., .: : .... .. • • • • • :i, • .. . f . ·employer all'd in exis..tence at the commencement of this Ordinance shall, . (: · · pending the fi-aming of a Scheme in r~spect ·of the factory in which he is _, ~· . . employed, continue to be entitled to the benefits accruing to him under .. t • tha provident fund,_ and the p1·ovident fund shall continue to be main- '.;_ . · tained in the same manner and subject, to the' same conditions as it would· L - . . have been if this Ordinance had not _been passed. • ~:. (~) On the framing of any such Scheme as is referred to in. sub .. section ,. ' (Z), the accumulatio~s sta~ding t~ the cre~it of the employees in. th.e CJ provident fund shall, notwithstanding anythmg to the con,trary contained . . , • #', ·in any I.aw for the time being in force or in a1:1,y deed Gr other _instrument • :. es~ablishing the provident fund but subject to the provisions, if any, con- tained in the Scheme, be transferred to t-he Fund established under the ,. Scheme, arrd shall be credited to the accounts of th~ employees entitled th(~reto in the F·und. • ~ ~ I • ' : ,, . , '. ' . • • • • ' ' .. .· ~- R:: . , 16. Ordinance not to apply to infant factprl-es for·certain period.- Notwitl1standing any othe1· provision contained in this • Ordinance, this Ordinance shall not apply to any factory established whether . before or after· the commencement of this Ordinance unless three years have • elapsed from its establishment. • • . • . •• 17. Power to exe•mpt.-The appropriate Government may,· by ·notific~- . tion in the Official Gazette and supject to sucb conditions as may be . , , • specified in the ·no~ifioation, 'exempt from the operatio·n of this Ordinan~e or of any-· Scheme,- • • . . • (<t) any ·factory -under· the cont1,.ol of the G?ver11rnent ·or of any _ . local authority, if, in the opinion of the appropriate Governme11t. the .. . , ' • , • • • • • • ... ' • • • ·~ : & . . ! .. • ' . . • • • , / .. . - ( • , • •· • • .. , • . . • , • . • • . , . • • , • • • .. • • 600 'J'JlE GAZETTE 01!' INDIA EXTlU:01-tDINAity· : - - - --· _::.._ · ~'- -- : ---- • - ·- •• -~=- - [l> 41t'l! lt _employees iD: such f~ctory ar~· other"_ise "in enjoym8nt 0;·•-=-:,­ fund or old age pension t,~nefits w.41ch are on the. whole Prcvtdei:it .. favourable to the employees t~an the_ benefits provided unJot leaa • • Ordinance or under any Scheme 1n relation to employees in an 1r tbiii of a similar character, , • . • . Y actory • • •. , . . • ' • _ ~b) any other_ fac~ory having a p~ovi~ent fund~ if the rules •0f • • provident fund with 1espect to con~ributions are 1n conformit Jh.e or are mo:re _favourable -~ t~e e~plo;ye~s therein than, those 8Y 0; 1th, in this OrdinanctJ, and 1£, 1n the_ opi_n1on -?f _ the approp~·iate Jov ~ed _ ment the employees are otherwise ill enJoyment of provident fein • benefits generally ,vhich_ are on t~ whole· not _less f~vourab!e to ~nd • employees than the benii.fits provided under this 01·d1nance • or ho _ _ . . · . • u11ctei· • · character. . . • f . . ' • · Ex~laiiatiori,. • The follo~i_ng cou~itions shall b~ -~ee1n:ed to· be _. always included 1n the cond1t1ons which _may be spec1fiod in a noti, fication under .. clause (b_), namely:- • . . . •. (i) -tb.-3 amount of accumulations in the provident fund shalf . · be invested in such manner as the, -tJentral Government may direct; · ~ . , . ·, • • -- . (zi) the amot111t of accumulations to the credJt of an. em· • • ployee in the p~ovide11t f u11d shall,_. wl1ere he le~yes l1is employ~ .. · ment a11d obtai11s re-employment 1n" a11othe1·- factory ·to which • this Ordir1ance applies w1thin st1ch time as ·y11:ay be specified in this . behalf . by the Ce11tral Governme11t, ~e t1·ansfe1·red to the credit of his account in the Fu11d .established under the Scheme • • • . ., a.pplicable t~ the factory; • • ' , • • • ,, - -. .. ,, • - • -• • • . • (c) any class of persons employed il'.i. any factory, if the Cexi.tral Government is of opinion that sl1ch • class of persons :is entitled to old • age pension benefits ~hich are ori the whole not less favourable to • t: such perso11s than the be11efits provided u11'der this 01·dinance or ~ · under any • Scheme in 1~ela tion .to persoris employed-. in any factory of ; a similar character: . . . . • • _.. • . • • • • ., Provided th-at no· 11otification u11der clause ( c) sl1all -be . issu~d unless t.he Central Go,7:ernment is satisfied that • the majority of persons so employed desire to continue to be: entitled to such old age· pensjon benefits. . .. • . , 1 . I j ' ' . .. • • · · · 18. Protecti?D, for. acts done _in good faith. • NO snit or -other legal pro- j , • • ceeding. sba11 lie against an Inspector- 01· any other· person in ~espect of • anything "rhich is in good faith dppe. 01·. intended to b~:f _ done .11nder this ... -- Ordinance or under any ,Scheme. • . . , • .. , • . . . • -J • • ' • . . . 19. Delegation of powers to the State G-Orvernment. • 'rhe Central • ·o-overnment may, by notification in the Official Gazette, direct thnt any power, authority or jurisdictipn exercisable by • it t1nr1er or in relation to any SlICh provisio11s of thiR 01~c1i11nnce or of any Schen1e as may be !'lp~c i fi ed in the no t.ificn tion sh all, s11 h j~et to Rn ch r.o n <Ii t.ion s Rn d r~c:;tricti ons ·~s may be ~o specified. be exerci8ahle also by a11y State Government • .... • - • • • ... . \ • • • \ ·. 4 . . . ; ..... . . - . ' • ·, ... : . . . -~ - • r a ' .. ' / • THE OAZE'fTE OF ~NDIA EXTRAORDfNA . ~ : an • •• n 1 _ .. 4 , RY 501 • • 7 n +, 7 - .. SCHEDULE I . • , ..... ' . • . [ See s0ctions 2(1) aud 4] • • -. . , . . AnY ·iud{istry engaged in the manufacture or pro:luctio~ f , • • · : . namely : - - . . · • 0 an, of the '' . :. <· .... follo\Vlng, • • • . - . • Cement. ·- • • .- · • •• ' ' , Cigarettes. • • • . . . Electrical, mechanical . ~r g~neral . engineeri11 g prpducts .. Iron and steel. ,. • .. • • Paper. • • . . .. ' - • - Textiles_ (m~de_ ~holly- or i1~ part of cotton or jute or silk natural or art1fic1al). . • . . : - , • -• • SCHEDULE II [See· ·section 6(2)] , • ·- • • . whether· • .. ' . • • . . MATTERS'"' F~R WHICH PROVISION MAY BE MADE IN' A SCHEME. l- Th~. e_~ploy.ees or _class of employees'w~o shall join the Fund, and·· thA con~1t1ons ur:ider which employees may b.e .exempted from· joining the • Fund or :fro.m making any contribution. . _ . . / . ·. ~- The time and manner in which :contributions shall be made to the • Ft1nd by ~mployers and by, or on behalf of, employees, the contributions \'.\1hich an_ :empl_oy~e may, if he so desires, make :under ~sub-section ·(1) of ·. ~ection 6, and ~he manner in which such co·ntributions may be recovered. . • ' . . . . • · 3. The pay:r;nent. by the empl~yer t>f such .sums of mon~y a~ may, be· -_ • ,. necessary to meet the cost of administering the Fund and the rate at which • • · : and·· the mann~r 'in which ~he payment shalJ be made. . ~ .. .. • • 1 4. 'rhe~constit~tio;n of boards of trustees for the administration of, FuIJ'1s, each oi which . shall consist of-·· . • • • - ., • . .- ( q,) nomin~es of the· C·entral Government; . . . • - . · (b) .nominees · of such· State Governments as the Centrnl Govern- •.• . . ment may; having r8gard to the jurisdiction of the board, specify. in • "' t . . . . . . • • -- • • this behalf; ~ . • • • . . . • • ... . . . , ·(o) represelltatives of _the employers and employ0~s ~on~erned, · nominated by the Central Government after consultation with the . employers and emplOyees concerned or with such of th~ir respective _ organisations as are representative of their interests,_- prov1d~d that the number of representatives of the employees shall m no case b~ less. than the number of- repr@sent~tives. of the ~mploy_ers • " , 5. The number of trustees on any board,· the terms and .conditions r,:;ubject _to -which they may be nominated, th_e time, place and procedure of meet1pgs of the board, the appointment of officers and other employ.ees of the board, and _the _Opening of regional and other offices. • - • , L • . ... • • . . . . ,. • • • ·, • • • • • . ' .. . •• • • • ,. • .. • ,· '• .. • , • . • - r • • • • • . . ' ' • .. .. • . .. •• • . · • ' . I .. • .. • '· ' • • • '• • • • (• ' . • I ' •· ' • • . - ~ . • " - .. •• • • • -:□ • • - • • . .. i • ' ' • ' • • • ' 502 • THE GA.ZETTE OF INDIA .EXTRAORDINARY [PAltT It . 6. The manner in which a~co-11nts shall be. kept, t~e ~nves!ment of • . moneys· belonging to ~he Fund 1n accorda!]ce with any rurect1on~ issued or .. conditions speeifi.ed by the Central Govern1;1e?t, the preparation of the budget, the audit of accoun~s ~nd the subm1ss1on of reports to the Central Gove1·nment or to any specified State Gove1·nment. . . . 7. The conditions under which., withdrawa.Js from -the Fund may be p,ermitted and any deduction or f~rfeiture may be made and the ~a:imum amount of such deduction o.r £ode1ture. . . -. , 8. The fixation by tQ~, Central Govern~ent in consultation with the :. boards of trustees concerned of the rate of interest payable to m.emhers. • n.::... 9. Tpe form in. which an employee shall furnish particulars abo . himself and his family 1 whenever requi~ed.__ _ . rJ} ., ' ... . . . . . . , ,· ·' .. . • . .. 10. The nomination of a person to receive the amount standing to the _ credit of a member after his death and the cancellation or variation of -. . • • such nomination. - ' i 11. The registers and records to be maintained with respect to employees and the returns to be furnished by employers. • • the 12. The form or design of any identity card, token or pt1rpose of. i_gentifying any employ.ea, and for the issue, 1isc for custody and . J replacement thereof. ,,.. • 13. • The fees to· be levied ·for any of the purposes specified in this • Schedule. • • . . 14. The contraventions· or defaults which shall be punishable .. under- su·b- section (.9) of .s~ction 6. • . • ' .. 15. The further. powers, i~ any, which may oe exercised by Inspectors. . . • 16. ·The man11er in wh~ch acc.,umulations in any existing provident fund shall be trans£ e1·red to the Fund ·under section 15, and the mode of ,ralua­ ticn _of any ass.ets_ which may bP. transferred by the· employers in this behalf. , • - - . . ·. . -= ' .. • ,. 17. Any other matter which may be necessary pose of impleme~ting the Scheme: ... or proper for • the pur-._ -~ • '. - • . . . I • RAJENDRA PRASAD, • • .. . • • • ' \ - Preside1it. • -- • , • . - . • -.. • K. V. s·uNDARAl\i -~-,-l:· K., ' • I • • • Seoy. to the Govt. of India. .. .. ;' , • •. A • ., • \ •. •• ·-·----------------. --------------­• PRINTED IN INDIA _BY THE MANAGER GOVT. OF INDIA PRESS, NEW DELHI AND PUBLISHED BY ,:HE MAN.I\GER OF PUBLICATIONS, DELHI, 1951 • • • ' ' • • - ' . , • • •• • . ' ·- . ca · • ·• = ~:... .. • ' . . ' '.• I . . . • . . '