Provisions applicable to provident funds of employees.

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..... y the employees) or received or accruing by way of interest or otherwise to such fund shall, within fifteen days from the date of contribution, receipt or accrual, as the case may be, either ____ (a) be deposited ____ (i) in a post office savings bank account, or (ii) in a special account to be opened by the company for the purpose in the State Bank of India or .....

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..... nvestment. (3) Nothing in sub-section (1) shall affect any rights of an employee under the rules of a provident fund to obtain advances from or to withdraw money standing to his credit in the fund, where the fund is a recognised provident fund within the meaning of clause (a) of section 58A of the Indian Income-tax Act, 1922, [2] or where the rules of the fund contain provisions corresponding .....

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..... ome-tax Act, 1961, section 2(38). [3] The word "separate" omitted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 159. [4] Inserted, by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 159. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagement .....

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