Employees provident fund and miscellaneous provisions act, 1952 act no. Provident funds and miscellaneous provisions act, 1952. Employees provident funds and miscellaneous provisions. Employees provident fund and miscellaneous provisions act. The employees provident funds and miscellaneous provisions act, 1952 1act no. Nov 08, 2011 the employees provident funds and miscellaneous provisions act, 1952 is an act to provide for the institution of provident funds, pension funds and deposit linked insurance fund for employees in factories and other establishments. The government in 1952 framed this act for the benefit and welfare of the employees. Effect of laws and agreements inconsistent with this act. The employees provident funds and miscellaneous provisions act, 1952 is an act to provide for the institution of provident funds, pension funds and deposit linked insurance fund for employees in factories and other establishments. Coal mines provident fund organisation to choose fund manager soon 25 jun, 2015, 05. An act to make provisions for the framing of a provident fund scheme, a pension scheme, a deposit linked insurance scheme and a bonus scheme for persons employed in coal mines. The ministry of coal is an indian government ministry headquartered in new delhi.
Amendment to employees provident funds and miscellaneous. An act to make provisions for the framing of a provident fund scheme. In exercise of the powers conferred by section 5 read with subsection 1 of section 7 of the employees provident funds and miscellaneous provisions act, 1952 19 of 1952, the central government hereby makes the following scheme further to amend the employees provident funds scheme, 1952. Coal mines pf merger with epf will benefit workers. The act extends to the whole of india except the state of jammu and kashmir. An act to make provisions for the framing of a provident fund scheme 1, a 2pension scheme 3, a deposit linked insurance scheme and a bonus scheme for persons employed in coal mines. Miscellaneous provisions act, 1948 provides provident fund benefits to all employees of coal mines in india. The coal mines provident fund and miscellaneous provisions act, 1948 long title. An act to make provision for the framing of a provident fund scheme 1, a family pension scheme 2, a depositlinked insurance scheme and a bonus scheme for persons. Coal mines provident fund and miscellaneous provisions act, 1948 xlvi of 1948, the central government is pleased to frame the following. This act is applicable to employees drawing pay not more than rs.
In exercise of the powers conferred by section 5 read with subsection 1 of section 7 of employees provident funds and miscellaneous provisions act, 1952 19 of 1952, the central government hereby makes the following scheme further to amend the employees provident. Coal mines provident fund organisation is an agency of the indian government established in 1948 under the coal mines provident fund and miscellaneous provisions act 1948 the authority manages the following schemes. The coal mines provident fund and miscellaneous provisions act, 1948 46 of 1948 provides for the framing of a provident fund scheme, a family pension scheme, a depositlinked insurance scheme and a bonus scheme for persons employed in coal mines. Coal mines provident fund and miscellaneous provisions act. Piyush goyal i believe that for the future, epfo, which is the largest national body, should also look after the provident fund of the coal mines workers, said piyush goyal.
The employees or class of employees who shall join the fund, the contributions payable to the fund and the conditions under which an employee may be exempted from joining. Coal mines provident fund organisation, a statutory organisation under direct supervision of ministry of coal, government of india was established under coal mines provident fund and miscellaneous provisions act, 1948 for administration and implementation of following schemes. Coal mines provident fund scheme department of coal short title and application i this scheme may be called the coal. Employees provident fund scheme, 1952 came into force from 1st november, 1952 employees pension scheme, 1971 came into force from 1st march 1971 later replaced. An act to provide for the institution of provident funds, pension fund and depositlinked insurance fund for employees in factories and other establishments. Central government is pleased to frame the following coal mines provident. Whereas it is expedient to make provision for the framing of a provident fund scheme and a bonus scheme for persons employed. An act further to amend the coal mines provident fund and miscellaneous provisions act, 1948. Employees provident fund organisation epfo is one of the largest social security organisations in india in terms of the number of covered. Any factory or establishment engaging 20 or more employees, whether directly or through contractors is liable to be covered under this act.
The employees provident funds and miscellaneous provisions act, 1952 introduction. Monopolies and restrictive trade practices act, 1969. Employees provident fund and miscellaneous provisions act, 1952. Employees provident funds sixth amendment scheme, 2017. The salient features of the schemes are enumerated below coal. Section 2 in the coal mines provident fund and miscellaneous. Employees provident fund and miscellaneous provisions act 1952. Coal mines provident fund organisation is an agency of the indian government established in 1948 under the coal mines provident fund and miscellaneous provisions act 1948. Employee provident fund and miscellaneous provisions act 1952. An act to make provision for the framing of a provident fund scheme 1, a family pension scheme 2, a depositlinked insurance scheme and a bonus scheme for persons employed in coal mines. The employees or class of employees who shall join the fund, the contributions payable to the fund and the conditions under which an employee may be exempted from joining the fund or from payment of contributions. Employees provident funds third amendment scheme, 2017.
The government is authorized to create a employees provident fund scheme under the act. Power to apply act to an establishment which has a common provident fund with another establishment. The schedule whereas it is expedient to amend and consolidate the law relating to government and other provident funds. Mines provident fund and miscellaneous provisions act, 1948 xlvi of 1948, the. Provision of employees provident funds and miscellaneous. The act mainly provides retirement or old age benefits, such as provident fund, superannuation pension, invalidation pension, family. The coal mines provident fund organization formed under this act, is a statutory organization. The employees provident funds and miscellaneous provisions act, provides for compulsory contributory fund for the future of an employee after hisher retirement or for hisher dependents in case of hisher early death. Union minister piyush goyal today lent full support to the proposed merger of coal mines provident fund with epf saying it will safeguard workers interests, even as the unions opposing it prepare to go on a 3day strike next month.
The employees provident fund and miscellaneous provisions act. Coal mines family pension scheme merged with pension scheme in 1998. Mar 31, 2017 ministry of labour and employment notification new delhi, the 29th march, 2017. Objectiveobjective the employees provident funds and miscellaneous provisions act, 1952 is enacted to provide a kind of social security to the industrial workers. Amendment act 40 of 1973statement of objects and reasons. State whether the following statement is true or false and give reason therefor with reference to the employees provident funds and miscellaneous provisions act, 1952. The employees deposit linked insurance scheme,1976 objectiveobjective the employees provident funds and miscellaneous provisions act, 1952 is enacted to provide a kind of social security to the industrial workers. The employees provident funds and miscellaneous provisions act, 1952 1 act no. In this act, unless there is anything repugnant in the subject or context. The coal mines provident fund and miscellaneous provisions act 1948, 3 where any employee who is a subscriber to any provident fund of an establishment not being a coal mine to which the coal mines provident fund scheme applies leaves his employment in that establishment and obtains reemployment in a coal mine and becomes a member of the.
Aug 27, 2016 the employees provident fund scheme, 4th march,1952. About employees provident fund organisation epfo employees provident fund organisation epfo is a statutory body under the ministry of labour, government of india, new delhi. Coal mines family pension scheme merged with pension scheme in 1998 coal mines pension scheme. Yes, i believe that for the future, employees provident fund organisation, which is the largest national body, should also look after the provident. In these rules unless excluded by or repugnant to the context. The coal mines provident fund and miscellaneous provisions act 1948, act no. Employees provident funds and miscellaneous provisions act.
Neyveli lignite corporation limited is not covered under this act. Employees provident funds and miscellaneous provisions act, 1952. Section 2 in the coal mines provident fund and miscellaneous provisions act, 1948 2. Employee provident fund and miscellaneous provisions act. Central employees provident fund and miscellaneous provisions act, 1952 as per g. Be it enacted by parliament in the fortyseventh year of the republic of india as follows. The employees provident funds and miscellaneous provisions. Ministry of labour and employment notification new delhi, the 29th march, 2017. Employees provident fund and miscellaneous provisions act, 1952 at, a website for indian laws and bareacts, legal advice and law documents in india. The workers contribute to the coal mines provident fund at the rate of 10% of their emoluments and an equivalent amount is paid by the employers. In exercise of the powers conferred by section 5 read with subsection 1 of section 7 of the employees provident funds and miscellaneous provisions act, 1952 19 of 1952, the central government hereby makes the following scheme further to amend the employees provident. Amendments in the employees provident fund act in india.
The employees provident funds and miscellaneous provisions act, 1952 and the schemes framed thereunder have been. Taxmanns employees provident funds and miscellaneous provisions act 1952 incorporated provident fund scheme, pension scheme, provident fund organisation recruitment rules and provident funds appellate tribunal rules. March, 1952 an act to provide for the institution of provident funds, 1pension fund and deposit linked insurance fund for employees in factories and other establishment be it enacted by. The coal mine workers are governed by the coal mines provident fund and miscellaneous provisions act, 1948. The portfolio is held by cabinet minister pralhad joshi the ministry of coal is charged with exploration of coal and lignite reserves in india, production, supply, distribution and price of coal through the governmentowned corporations coal india limited and its subsidiaries, as well as neyveli lignite. The employees provident funds and miscellaneous provisions act, 1952. March, 1952 an act to provide for the institution of provident funds, 1pension fund and deposit linked insurance fund for employees in factories and other establishment be it enacted by parliament as follows. Employee provident fund and miscellaneous provisions act 1952 india resolved in the constitution of india to be welfare state and thereby the indian parliament to give effect to this spirit enacted various social welfare legislations. Ministry of labour and employment notification new delhi, the 4th may, 2017 g. Provident fund scheme was started by few concerns even before the enactment of the act. The employees provident fund and miscellaneous provisions.
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