Contribution conditions

The contributions to be credited to the contributory provident fund of a co-operative society shall be subject to the following conditions:- (i) That the rate of monthly contributions by an employee shall be such as may be determined by the PF Act; (ii) That the rate of contribution by the society at the end of each co-operative year shall be equal to the contribution made by the employee which shall be determined by the Committee of Management of the society: Provided that the contribution of the society shall in no case exceed the contribution made by the employee.