Thursday, July 21, 2016

Employees Provident Funds & Miscellaneous Provisions Act

An Act to provide for the institution of provident funds, pension fund and deposit-linked insurance fund for employees in factories and other establishments.
Pf Balance

 This Act may be called the Employees Provident Funds and Miscellaneous Provisions Act,1952. It extends to the whole of India except the State of Jammu and Kashmir. Subject to the provisions contained in section 16, it applies -
(a) to every establishment which is a factory engaged in any industry specified in Schedule I and in which twenty or more persons are
employed and
(b) to any other establishment employing twenty or more persons or class of such establishments which the Central Government may,
by notification in the Official Gazette, specify, in this behalf:
Provided that the Central Government may, after giving not less than two months notice of its intention so to do, by notification in the
Official Gazette, apply the provisions of this Act to any establishment employing such number of persons less than twenty as may be
specified in the notification.
 Notwithstanding anything contained in sub-section 3 of this section or-sub-section 1 of section16, where it appears to the Central
Provident Fund Commissioner, whether on an application made to him in this behalf or otherwise, that the employer and the majority of
employees in relation to any establishment have agreed that the provisions of this Act should be made applicable to the establishment,
he may, by notification in the Official Gazette, apply the provisions of this Act to that establishment on and from the date of such
agreement or from any subsequent date specified in such agreement.
An establishment to which this Act applies shall continue to be governed by this Act notwithstanding that the number of persons
employed therein at any time falls below twenty.

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