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Section 63: Contributory Provident Fund

The Uttar Pradesh Co-Operative Societies Act, 1965State Act of Uttar Pradesh · Act 11 of 1966

(1) A co-operative society having such number or class of employees as may be prescribed, shall establish a contributory provident fund for the benefit of such 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) shall not-

(a) be used in the business of the society ;

(b) form part of the assets of the society ;

(c) be liable to attachment or be subject to any other process of any court or other authority ; and

(d) be subject to a charge or liable to be set off towards payment of any debt or outstanding demand owing to a co-operative society under section 41.

Where this provision sits

ActThe Uttar Pradesh Co-Operative Societies Act, 1965
Section63
Marginal noteContributory Provident Fund
JurisdictionState of Uttar Pradesh
StatusIn force as published by the source

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