Labour Welfare Fund

(1) The State Government shall constitute a Fund called the Labour Welfare Fund and notwithstanding anything contained in any other law for the time being in force, there shall be credited thereto— (a) all unpaid accumulations; (b) all fines realised from the employees; (c) all deductions made from the wages of employees for breach of contract or for any other purpose; (d) any voluntary donations; (e) any fund transferred to the Board under sub-section (1) of section 16; (f) any sum borrowed under section 14; (g) any unclaimed amount deposited by the employers with the Welfare Commissioner; (2) The sums specified in sub-section (1) shall be collected by such agencies and in such manner and notified by the State Government. (3) The accounts of the Fund shall be maintained and audited in such manner as may be prescribed. (4) The Fund shall vest in and be held and applied by the Board as trustees subject to the provisions and for the purposes of this Act. (5) The monies in the Fund may be deposited in any scheduled bank or in such other manner as may be prescribed. (1) The State Government shall constitute a fund which shall be called the Madhya Pradesh Labour Welfare Fund. (2) The Fund shall consist of,— all fines realised from the employees; all unpaid accumulations transferred to the Fund under Section 8; any contribution paid under Section 9; any penal interest paid under Section 10; any voluntary donations; any amount transferred to the Fund under sub-section (3); any sum paid to the Fund as grant-in-aid or subsidy by the State Government; any sum borrowed under section 12; any loan advanced by the State Government. (3) If any fund is created or any sum is set apart by the employer of an establishment for the welfare of the employees, it may at the request of the employer and after approval of the State Government be transferred to the fund. (4) 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 to the Board at such interval as may be prescribed, which shall keep a separate account thereof until claims thereto have been decided in the manner provided in section 8, and the other sums specified in sub-section (2) of this section shall be paid into the Fund. (5) The sums specified in sub-section (2) shall be paid to, or collected by, such agencies at such intervals and in such manner as may be prescribed. (1) Within thirty days from the date on which the Act comes into force in any area in respect of the establishments specified therein, every employer of such establishments in such area shall pay to the Board by cheque, bank draft, money order or cash. (i) all fines realised from the employer before the said date and remaining unutilised on that date: and (ii) all unpaid accumulations held by the employer on the aforesaid date. (2) Subsequent to the first payment made in accordance with sub-rule (1) every employer shall pay to the Board, all fines realised from the employees and all unpaid accumulations during the quarter ending 31st March, 30th June, 30th September and 31st December within fifteen days from the close of each quarter. (3) The payment under sub-rules (1) and (2) shall, in each case, be accompanied by a statement giving full particulars of the amounts paid. (4) all other amounts mentioned in sub-section (2) of Section 3 of the Act shall also be paid to the Board. (5) Every employer shall submit the Board a statement of employer's contribution and employees' contribution in respect of employees whose names stand on the register of the establishment on 30th June and 31st December respectively in form alongwith the payment of contribution under sub-section (3) of section 9.