Senior Citizens' Welfare Fund expansion adds specific unclaimed financial assets and insurance proceeds to the fund. The 2017 amendment expands the Senior Citizens' Welfare Fund Rules by inserting into rule 3(3) four new clauses covering accounts maintained by banking and co-operative banks, State Bank group and regional rural banks; dividend accounts, deposits and debentures of companies; life and non-life insurance schemes or policies; and accounts of the Coal Mines Provident Fund, thereby bringing these unclaimed balances and holdings within the Fund's scope.
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.
Senior Citizens' Welfare Fund expansion adds specific unclaimed financial assets and insurance proceeds to the fund.
The 2017 amendment expands the Senior Citizens' Welfare Fund Rules by inserting into rule 3(3) four new clauses covering accounts maintained by banking and co-operative banks, State Bank group and regional rural banks; dividend accounts, deposits and debentures of companies; life and non-life insurance schemes or policies; and accounts of the Coal Mines Provident Fund, thereby bringing these unclaimed balances and holdings within the Fund's scope.
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