Labour Welfare Fund

(1) The Government shall constitute a fund called the Labour Welfare Fund, and notwithstanding anything contained in any other law for the time being in force or in any contract or instrument, all unpaid accumulations shall be paid at such intervals as may be prescribed, to the Board, and be credited to the Fund and the Board shall keep a separate account therefor until claims thereto have been decided in the manner provided for in section 12. (2) There shall also be credited to the Fund— (a) unpaid accumulations paid to the Board under sub-section (2) of section 12; (b) deductions made under the proviso to sub-section (2) of section 9 of the Payment of Wages Act, 1936 (Central Act 4 of 1936); [(c) contribution made by employers and the Government;] (d) any interest by way of penalty paid under section 13; (e) any voluntary donations; (f) any fund transferred under sub-section (5) of section 16; (g) any sum borrowed under section 17; (h) grants or advances made by the Government; and (i) all fines imposed and realised from employers by courts for violations of Labour Laws less the deduction made by Court towards administrative expenses. (3) The sums specified in sub-section (2) shall be paid to, or collected by such agencies, at such intervals and in such manner and the accounts of the funds shall be maintained and audited in such manner, as may be prescribed. (1) Within fifteen days from the date on which this Act shall come into force in any area, every employer in such area shall pay by cheque, money order or cash to the Secretary— (a) all fines realised from the employees before the said date and remaining unutilized on that date; and (b) all unpaid accumulations held by the employer on the aforesaid date. (2) The employer shall alongwith such payment submit a statement to the Secretary giving full particulars of the amounts so paid. (3) Thereafter all fines realised from the employees and all unpaid accumulations during the quarter ending 31st March, 30th June, 30th September and 31st December shall be paid by the employer in the manner aforesaid to the Secretary on or before 15th April, 15th July, 15th of October and 15th of January succeeding such quarter and a statement giving particulars of the amounts so paid shall be submitted by him alongwith such payment to the Secretary.