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of <h1>Multi-State Co-op Societies Can Establish Provident Funds Under 2002 Act; Funds Protected from Attachment.</h1> A multi-State co-operative society, as per the Multi-State Co-Operative Societies Act, 2002, may establish a contributory provident fund for its employees, subject to the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. This fund will include contributions from both the employees and the society, as outlined in the society's bye-laws. The funds in this provident account cannot be utilized for the society's business, are not considered part of the society's assets, and are protected from court or other authority processes such as attachment.
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