Contribution and matters which may be provided for in the scheme.

General197927 sections

Statutory text

(1) The contribution which shall be paid by an employer to the Fund shall be at the rate of 5[6[two rupees] for each employee for each day of work done by him in the cashew factory.]
(2) The contribution which shall be paid by an employee shall be at the rate of 7[two rupees] for every day of work done by him in the cashew factory.] 8[(2A) The amount of contribution due for the period prior to the date of publication of the Kerala Cashew Workers Relief and Welfare Fund (Amendment) Act, 1990 shall be deemed to be in arrears and shall be paid to the Fund in such instalments and in such manner as may be specified by the Government.]
(3) The employees' contribution shall be deducted by the employer from the wages payable and remitted to the Fund along with the employers share before the date specified in section 9. 9[(3A) The Government shall contribute to the Fund every year by way of grant 10[an amount equal to half the amount of] contribution paid by employees under sub-section (2).]
(4) Where the amount of contribution payable under this Act involves a fraction of a rupee, the scheme may provide for rounding off of the fraction to the nearest rupee, halfa-rupee or quarter of a rupee.

Study data processing for this section.

PDF: pending for this language.