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Section 46: Employee's Provident Fund

Madhya Pradesh Co-Operative Societies Act, 1960State Act of Madhya Pradesh · Act 17 of 1960

(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;

(c) shall not be liable to attachment or be subject to any other process of any court or other authority; and

(d) shall be administered in such manner as may be prescribed.

Where this provision sits

ActMadhya Pradesh Co-Operative Societies Act, 1960
Section46
Marginal noteEmployee's Provident Fund
JurisdictionState of Madhya Pradesh
StatusIn force as published by the source

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