section 53
Provident Fund
The Rajasthan Co-Operative Societies Act, 2001Corporate2001128 sections16 chapters
Chapter VIII PROPERTIES AND FUNDS OF CO-OPERATIVE SOCIETIES
Statutory text
- (1) A Co-operative society may establish 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 co-operative 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.
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