Provident Fund

(1) A Society may establish a Contributory Provident Fund for the benefit of its employees to which shall be credited all contributions made by the employees and the Society in accordance with the Bye-laws of the Society. (2) A Contributory Provident Fund established by a Society under Sub-Section (1)– (a) shall not be used in the business of the Society; (b) shall not form part of the assets of the Society; and (c) shall not be liable to attachment or be subject to any other process of any Court or other authority.