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provident fund act 1952

Rohit Gada
Rohit Gada
Rohit GadaBrand Manager at Jainex Corporate Gifts

provident fund act 1952

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INDUSTRIAL LAW,[object Object],PROVIDENT FUND ACT 1952,[object Object]
Group member,[object Object],ARCHITA CHATBAR                          110,[object Object]
MEANING OF PROVIDENT FUND,[object Object],The Employees Provident Fund Act, 1952 had passed with a view to making some provisions for the future of the employees after her/his retirement or for her/his dependants in case of early death & inculcating the habit of saving among the workers. This Act was framed under section 5 of the Act, which came into force 1st November 1952.,[object Object]
DEFINATIONS,[object Object],Appropriate govt,[object Object],Authorized officer,[object Object],Basic wages,[object Object],Factory,[object Object],Industry,[object Object],Members,[object Object],Pension fund,[object Object],Pension scheme,[object Object],Employer,[object Object],employee,[object Object]
APPLICATION OF ACT,[object Object],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 ,[object Object], 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.,[object Object]
EMPLOYEES’ PROVIDENT FUND SCHEME,[object Object],    SEC. 5 empowers the central govt. to frame, by notification in the OFFICIAL GAZATTE, a scheme to be called the employee’s provident fund scheme, for establishment of provident fund scheme.,[object Object]

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