section 64
Employees Provident Fund
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter VI PROPERTY AND FUNDS OF SOCIETIES
Statutory text
- (1) Any society may establish for its employees a provident fund, into which, shall be paid the contributions made by its employees and the society and such provident fund shall not be used in the business of the society, nor shall it form part of the assets of the society, but shall be invested under the provisions of section 63 and shall be administered in the prescribed manner.
- (2) Notwithstanding anything contained in sub-section (1), a provident fund established by a society to which the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, is applicable, shall be governed by that Act. ---
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