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Section 14: Creation of fund

The Karnataka Motor Transport and Other Allied Workers Social Secruity and Welfare Act, 2024State Act of Karnataka · Act 13 of 2024

There shall be created by the Board a fund to be called the Motor Transport and Other Allied Workers Social Security Fund and there shall be credited thereto,-

(a) all sums received by the board through reappropriation by the transport department as defined under section 2(b)

(b) any grants and loans made to the board by the Central Government or the State Government if any;

(c) all contributions made by the beneficiaries towards social security;

(d) all sum received by the board through levy of cess, surcharge and any form of taxation on any particular type of motor vehicles or such similar establishments through a notification by the Government.

(e) all sums received through donors or through Corporate Social Responsibility;

(f) The profit, interest, dividend on any investment or share made by the board.

Where this provision sits

ActThe Karnataka Motor Transport and Other Allied Workers Social Secruity and Welfare Act, 2024
Section14
Marginal noteCreation of fund
JurisdictionState of Karnataka
StatusIn force as published by the source

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