Corpus fund interest and accretions must be applied to meet welfare fund purposes specified in governing rules. The rule requires the corpus fund to be placed in an interest-bearing account and directs that the interest accruing on the corpus, together with ... Summary
Corpus fund interest and accretions must be applied to meet welfare fund purposes specified in governing rules.
The rule requires the corpus fund to be placed in an interest-bearing account and directs that the interest accruing on the corpus, together with accretions, be used to meet expenditure for the purposes specified in Para 2.
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