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March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 74, Accounts

74. (1) The accounts of a provident fund shall be prepared at intervals of not more than twelve months. (2) An account shall be maintained for each subscriber to the fund […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 73, Withdrawal within twelve months before retirement

73. Notwithstanding anything contained in rules 68 to 72, it shall be open to the trustees of a provident fund to permit at any time within twelve months before the […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 72, Amount withdrawn but not repaid may be deemed as income

72. In case of default of repayment of instalments due under sub-rule (2) or sub-rule (3) or sub-rule (4) of rule 71 or where the amount withdrawn is not utilised […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 71A, Certain rules not to apply

71A. The conditions stipulated in rules 68, 69, 70 and 71 shall not apply in respect of withdrawals made after 1st April, 2007 from a fund which fulfils the conditions […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 71, Repayment of amounts withdrawn

71. (1) Subject to the provisions of clause (viii) of sub-rule (2) 90[or clause (viii) of sub-rule (2A) or the second proviso to sub-rule (2B)] of rule 69 where a withdrawal is […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 70, Second withdrawal

70. (1) Save as in sub-rule (2) 85[and sub-rule (3)], a second withdrawal shall not be permitted until the sum first withdrawn has been fully repaid. 87[(2) A withdrawal may be permitted— […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 68, Circumstances in which withdrawals may be permitted

68 . (1) Withdrawals by employees may be allowed by the trustees of the provident fund in the following circumstances:— (a) to pay expenses incurred in connection with the illness […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 67A, Nomination

67A. (1) An employee may be allowed by the trustees of the provident fund to make a nomination conferring on one or more persons the right to receive the amount […]

March 27, 2018

Published by Law@HostBooks at March 27, 2018

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Rule – 67, Investment of fund moneys

44[Investment of fund moneys. 45 67 . (1) All moneys contributed to a provident fund (whether by the employer or by the employees) after the 31st day of October, 1974, […]

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