Provident Fund Account consolidation governs crediting contributions, debiting benefits, and transferring existing fund liabilities under the Scheme. A Provident Fund Account is to be established under the Scheme for crediting contributions and charges and debiting benefits payable to subscribers. All assets and liabilities of the Provident Fund under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, are to be transferred to the Fund constituted under the Scheme, consolidating provident fund obligations within the statutory fund structure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provident Fund Account consolidation governs crediting contributions, debiting benefits, and transferring existing fund liabilities under the Scheme.
A Provident Fund Account is to be established under the Scheme for crediting contributions and charges and debiting benefits payable to subscribers. All assets and liabilities of the Provident Fund under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, are to be transferred to the Fund constituted under the Scheme, consolidating provident fund obligations within the statutory fund structure.
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