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Presentation on PF & Misc Provision Acts, 1952

Presentation on PF & Misc Provision Acts, 1952

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Published by Vaidehi

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Categories:Types, Business/Law
Published by: Vaidehi on Feb 08, 2010
Copyright:Attribution Non-commercial

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03/05/2013

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PRESENTATIONPRESENTATIONONONPROVIDENT FUND &PROVIDENT FUND &MISCELLANEOUSMISCELLANEOUSPROVISIONS ACT, 1952PROVISIONS ACT, 1952
 
 
INTRODUCTIONINTRODUCTION
Definition of PFDefinition of PF
:-:- 
PF is that fund that fund which is deducted from thePF is that fund that fund which is deducted from thesalary of an employee at a definite rate.salary of an employee at a definite rate.
 
 
HISTORY OF THE ACTHISTORY OF THE ACT
The Employees’ Provident Funds Ordinance, 1951 The Employees’ Provident Funds Ordinance, 1951was promulgated by the President of India underwas promulgated by the President of India underthe constitution in November, 1951. A schemethe constitution in November, 1951. A schemeunder the Act was framed by the Centralunder the Act was framed by the CentralGovernment in September1951In exercise of theGovernment in September1951In exercise of thepowers conferred by Section 6-A of thepowers conferred by Section 6-A of theEmployees Provident Fund Act,1952 ,the CentralEmployees Provident Fund Act,1952 ,the CentralGovernment has maid Employees Family PensionGovernment has maid Employees Family PensionScheme in 1972. It may be further observed thatScheme in 1972. It may be further observed thatin exercise of powers conferred by Section 6-C of in exercise of powers conferred by Section 6-C of the Employees Provident Fund Act, 1952, thethe Employees Provident Fund Act, 1952, theCentral Government has made EmployeesCentral Government has made EmployeesDeposit –linked Insurance Scheme in 1976.Deposit –linked Insurance Scheme in 1976.

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