Employees' Provident Fund Chapter exempts certain cooperative, government and statutory establishments and permits governmental exemptions. Section excludes from the Employees' Provident Fund Chapter cooperatives with under fifty employees working without power, government establishments whose ... Summary
Employees' Provident Fund Chapter exempts certain cooperative, government and statutory establishments and permits governmental exemptions.
Section excludes from the Employees' Provident Fund Chapter cooperatives with under fifty employees working without power, government establishments whose employees already receive contributory provident fund or old age pension benefits under government schemes, statutory establishments with similar scheme entitlements, and employees who received provident fund benefits immediately before the Code's commencement. The Central Government may notify conditional exemptions for classes of establishments, prospective or retrospective, for specified periods based on financial position or other circumstances.
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