Matters for which provision may be made in a scheme

Matters for which provision may be made in a scheme. 1. The employees or class of employees who shall join the fund, and the conditions under which employees may be exempted from joining the fund or from making any contribution. 2. The time and manner in which contributions shall be made to the fund by employers and by, or on behalf of employees, the contributions which an employee may, if he so desires, make under sub-section (1) of section 7, and the manner in which such contributions may be recovered. 3. The payment by the employer of such sums of money as may be necessary to meet the cost of administering the fund and the rate at which and the manner in which the payment shall be made. 4. The constitution of boards of trustees for the administration of funds, each of which shall consist of- (a) nominees of the Government ; (b) representatives of the employers and employees concerned, nominated by the Government after consultation with the employers and employees concerned or with such of their respective organisations as are representative of their interests ; Provided that the number of representatives of the employees shall in no case be less than the number of representatives of the employers. 5. The number of trustees on any board, the terms and conditions subject to which they may be nominated, the time, place and procedure of meetings of the board, the appointment of officers and other employees of the board, and the opening of regional and other offices. 6. The manner in which accounts shall be kept, the investment of moneys belonging to the fund in accordance with any directions issued or conditions specified by the Government, the preparation of the Budget, the audit of accounts and the submission of reports to the Government. 7. The conditions under which withdrawals from the fund may be permitted and any deduction or forfeiture may be made and the maximum amount of such deduction or forfeiture. 8. The fixation by the Government in consultation with the boards of trustees concerned of the rate of interest payable to members. 9. The form in which an employee shall furnish particulars about himself and his family whenever required. 10. The nomination of a person to receive the amount standing to the credit of a member after his death and the cancellation or variation of such nomination. 11. The registers and records to be maintained with respect to employees and the returns to be furnished by employers. 12. The form or design of any identity card, token or disc for the purpose of identifying any employee, and for the issue, custody and replacement thereof. 13. The fees to be paid for any of the purposes specified in this schedule. 14. The contraventions or defaults which shall be punishable under sub-section (2) of section 14. 15. The further powers, if any, which may be exercised by Inspectors. 16. The manner in which accumulations in any existing provident fund shall be transferred to the fund under section 17 and the mode of valuation of any assets which may be transferred by the employer in this behalf. 17. The conditions under which a member may be permitted to pay premia on Life insurance, from the fund. 18. Any other matter which may be necessary or proper for the purpose of implementing the scheme.