EMPLOYEES PROVIDENT FUND SCHEME

Full Text

Preliminary
Para 1 : Short title and application

Para 2 : Definition

Board Of Trustees, Executive Committees
Para 3 : Election of certain members of the Executive Committee

Para 4 : Regional Committee

Para 5 : Terms of office

Para 6 : Resignation

Para 7 : Cessation and restoration of trusteeship

Para 8 : Disqualifications for trusteeship or membership of Regional Committee

Para 9 : Removal from trusteeship or membership of a Regional Committee

Para 10 : Absence from India

Para 11 : Meetings

Para 12 : Notice of meeting and list of business

Para 12-B : Restoration to normal pension in cases of grant of commutation

Para 13 : Chairman to preside at meetings

Para 14 : Quorum

Para 14-A : Nomination of a substitute during the absence of a Trustee/Member of the Central Board.

Para 15 : Disposal of business

Para 16 : Minutes of meetings

Para 17 : Acts of a Regional Committee not invalid by reason merely of any vacancy in, or defect in the constitution,etc.

Para 18 : Fees and allowances

Appointment and Powers of Commissioner and Other Staff of Board of Trustees
Para 19 : Central Provident Fund commissioner and Financial Adviser and Chief Accounts Officer .

Para 20 : Omitted.

Para 21 : Opening of Regional and other offices.

Para 22 : Secretary of the Central Board or a Regional Committee.

Para 22-A : Appointment of officers and employees of the Central Board

Para 23 : Information of appointments to the Central Board

Para 24 : Administrative and financial powers of a Commissioner

Para 24-A : Delegation of power by the Central Board

Membership of the Fund
Para 25 : Powers of the Central Government until the Central Board is constituted

Para 26 : Classes of employees entitled and required to join the Fund.

Para 26-A : Retention of membership

Para 26-B : Resolution of doubts

Para 27 : Exemption of an employee

Para 27-A : Exemption of a class of employees

Para 27-AA : Terms and conditions of exemption

Para 28 : Transfer of accumulations from existing Provident Funds

Contributions
Para 29 : Contribution

Para 30 : Payment of contribution

Para 31 : Employers share not to be deducted from the members

Para 32 : Recovery of a member's share or contribution

Para 32-A : Recovery of damages for default in payment of any contribution

Para 32-B : Terms and conditions for reduction or waiver of damages.

Declaration, Contribution Cards and Returns
Para 33 : Declaration by persons already employed at the time of the institution of the Fund.

Para 34 : Declaration by persons taking up employment after the Fund has been established.

Para 35 : Preparation of contribution cards

Para 36 : Duties of employers

Para 36-A : Employer to furnish particulars of ownership

Para 36-B : Duties of contractors.

Para 37 : Allotment of account Numbers

Para 38 : Mode of payment of contributions

Para 39 : Fixation of administration charges

Para 40 : Contribution to be entered in the contribution card

Para 40-A : Supply of Passbooks to the members

Para 41 : Currency of contribution cards

Para 42 : Renewal of contribution cards

Para 43 : Submission of contribution cards to the commissioner

Para 44 : Custody of contribution cards

Para 45 : Inspection of cards by members

Para 46 : Production of cards and records for inspection by the Commissioner or Inspector.

Para 47 : Supply of cards and forms to employers

Para 48 : Current Account

Administration of the Fund, Accounts and Audit
Para 49 : Administration Accounts

Para 50 : Provident fund Account

Para 51 : Interest Suspense Account.

Para 52 : Investment of moneys belonging to employees' Provident Fund

Para 53 : Disposal of the Fund

Para 54 : Expenses of administration

Para 55 : Form and manner of maintenance of accounts

Para 56 : Audit

Para 57 : Inter-State transfer of members

Para 58 : Budget

Para 59 : Member's Accounts

Para 60 : Interest

Nominations, Payments and Withdrawals From The Fund
Para 61 : Nomination

Para 62 : Financing of Members' Life Insurance Policies

Para 63 : Conversion of policy into a paid-up one and payment of late fee, etc.

Para 64 : Assignment of Policies to the Fund

Para 65 : Bonus on policy to be adjusted against payments made from the Fund.

Para 66 : Reassignment of policies

Para 67 : Recovery of amounts paid towards Insurance Policies

Para 68 : Omitted

Para 68-A : Omitted

Para 68-B : Withdrawal from the fund for the purchase of a dwelling house/flat or for the construction of a dwelling house

Para 68-BC : Withdrawal financing from the Fund for the purchase of a dwelling house/flat or the construction of a dwelling house

Para 68-BB : Withdrawal from the Fund for repayment of loans in special cases

Para 68-C : Omitted.

Para 68-D : Omitted.

Para 68-E : Computation of period of membership

Para 68-F : Omitted.

Para 68-G : Omitted.

Para 68-GG : Omitted.

Para 68-H : Grant of advance in special cases

Para 68-I : Omitted.

Para 68-J : Advance form the Fund for illness in certain cases

Para 68-K : Advance from the Fund for marriages or post-matriculation education of children

Para 68-L : Grant of advances in abnormal conditions

Para 68-M : Grant of advance to members affected by cut in the supply of electricity.

Para 68-N : Grant of advance to members who are physically handicapped

Para 68-NN : Withdrawal within one year before the retirement

Para 68-NNN : Option for withdrawal at the age of 55 years for investment in Varishtha Pension Bima Yojana

Para 68-O : Payment of withdrawal or advance

Para 68NNNN : Option for withdrawal on cessation of employment

Para 69 : Circumstances in which accumulations in the Fund are payable to a member

Para 70 : Accumulations of a deceased member -To whom payable?

Para 70-A : Payment of provident fund accumulations in the case of a person charged with the offence of murder.

Para 71 : Omitted.

Para 72 : Payment of Provident Fund

Para 73 : Annual statement of member's account

Para 73-A : Omitted.

Miscellaneous
Para 74 : Annual Report on the work and activities of the Board and its audited accounts

Para 75 : Issue of copies of member's account, Annual Report, etc.

Para 76 : Punishment for failure to pay contributions, etc

Para 77 : Conduct of business of the Central Board

Para 78 : Power to issue directions

Para 79 : Special provisions relating to factories or other establishments in respect of which applications for exemption are recd

Para 79-A : Filing application for review

Para 79-B : Time-limit for communicating the view of the Central Board to the appropriate Government.

Para 79-C : Composition of the Board of Trustees of the exempted establishments & the terms and conditions of service of the trustee

Para 80 : Special provisions on the case of newspaper establishments and newspaper employees.

Para 81 : Special provisions in the case of Cine- Workers

Para 82 : Special Provisions in respect of certain employees

Para 83 : Special Provisions in respect of International Workers