Provident fund investment pattern governs prescribed allocation of fund moneys across securities, debt, equities, and bank accounts. Provident fund moneys, including contributions, transfers from a former employer's recognised provident fund account, and amounts accrued by interest or otherwise, must be invested in prescribed categories of instruments with minimum and maximum allocation percentages. The investment categories take their meanings and conditions from the relevant Ministry of Labour and Employment notification, as amended. Uninvested amounts may be placed in a Post Office Savings Bank Account or in a current or savings bank account with a scheduled bank, and receipts from transfer, maturity, realisation, or withdrawal are treated as moneys accruing to the fund.
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Provisions expressly mentioned in the judgment/order text.
Provident fund investment pattern governs prescribed allocation of fund moneys across securities, debt, equities, and bank accounts.
Provident fund moneys, including contributions, transfers from a former employer's recognised provident fund account, and amounts accrued by interest or otherwise, must be invested in prescribed categories of instruments with minimum and maximum allocation percentages. The investment categories take their meanings and conditions from the relevant Ministry of Labour and Employment notification, as amended. Uninvested amounts may be placed in a Post Office Savings Bank Account or in a current or savings bank account with a scheduled bank, and receipts from transfer, maturity, realisation, or withdrawal are treated as moneys accruing to the fund.
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