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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952, mandates employers to pay 12% of the salary (consisting of basic wages, Dearness allowance, retaining allowance and value of food contribution) as a contribution on behalf of employer and employee each towards employees provident fund and employees pension fund every month.
Union Territories (Direct Election to the House of the People) Act: 1965: 49 Seamen's Provident Fund Act: 1966: 4 Asian Development Bank Act: 1966: 18 Delhi High Court Act: 1966: 26 Railway Property (Unlawful Possession) Act: 1966: 29 Punjab Reorganisation Act: 1966: 31 Beedi and Cigar Workers (Conditions of Employment) Act: 1966: 32 Police ...
The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987. [ 1 ] A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful employment and to encourage the growth of ...
The act has the following sections: Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Bar of conversion of places of worship. Section 4. Declaration as to the religious character of certain places of worship and bar of jurisdiction of courts, etc. Section 5. Act not to apply to Ram Janma Bhumi-Babri Masjid ...
Taxi Driver is a 1954 Indian Hindi-language romantic musical film produced by Navketan Films. The film was directed by Chetan Anand and stars his brother Dev Anand, along with Kalpana Kartik, Sheila Ramani and Johnny Walker. The film was written by Chetan himself, along with his wife Uma Anand and his other brother Vijay Anand.
Blockbuster among 1992 Deepavali releases and completed 175-days run at the box office, Won 5 National Awards, Dubbed into Telugu under the title Kshatriya Putrudu, later remade into the Hindi film Virasat by Priyadarshan and in Kannada as Thandege Thakka Maga by S. Mahendar.