The Jammu and Kashmir Employees' Provident Funds Act, 1961
The Jammu and Kashmir Employees' Provident Funds Act, 1961
The Jammu and Kashmir Employees' Provident Funds Act, 1961, establishes a mandatory social security savings scheme for employees working in specific industries within the state. It requires employers to contribute a fixed percentage of an employee's wages into a provident fund, which is matched by the employee, ensuring financial security upon retirement or termination. The Act applies to factories employing five or more persons and other notified establishments. It empowers government inspectors to enforce compliance, protects funds from legal attachment, and imposes penalties for non-compliance. This legislation is vital for safeguarding workers' future earnings against employer negligence or insolvency.
- 1. Short title, extent and application
- 2. Definitions
- 3. Establishment to include all Departments and branches
- 4. Power to apply Act to an establishment which has a common Provident Fund with another establishment
- 5. Power to add to Schedule
- 6. Employees' Provident Fund Schemes
- 7. Contributions and matters which may be provided for in schemes
- 8. Modification of Scheme
- 8A. Determination of moneys due from employers
- 9. Mode of recovery of moneys due from employers
- 9A. Recovery of moneys by employers and contractors
- 10. Protection against attachment
- 11. Priority of payment of contribution over other debts
- 12. Employer not to reduce wages, etc
- 13. Inspectors
- 14. Penalties
- 15. Offences by Companies
- 16. Power to recover damages
- 17. Special provisions relating to existing provident funds
- 18. Act not to apply to establishments registered under Co-operative Societies Act and infant establishments
- 19. Power to exempt
- 20. Protection for acts done in good faith
- 21. Delegation of powers
- 22. Power to remove difficulties
- I. Industries engaged in the manufacture
- II. Matters for which provision may be made in a scheme
PDF: pending for this language.