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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.
Finance Act 1991 [Act 451] Employees Provident Fund Act 1991 [Act 452] Securities Industry (Central Depositories) Act 1991 [Act 453] Pensions Trust Fund Act 1991 [Act 454] ( Repealed by the Retirement Fund Act 2007 [Act 662] ) Tin Industry (Research and Development) Fund Act 1953 [Act 455] Girl Guides Act 1953 [Act 456]
Employees Provident Fund Act 1951: 272 Repealed by Act 452 Employees Provident Fund Act 1991: 452 In force Employees' Social Security Act 1969: 4 In force Employment Act 1955: 265 In force Employment Information Act 1953: 159 In force Employment Insurance System Act 2017: 800 In force Employment (Restriction) Act 1968: 353 In force Energy ...
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.
The authority under the EPF Act held that the special allowance was to be included in basic wage for deduction of provident fund. The Single Judge of Calcutta High Court set aside the order. The Division Bench initially after examining the salary structure allowed the appeal on 13.01.2005 holding that the special allowance was a part of ...
(Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to ...
Aurora police responded to the Edge at Lowry Apartments just before 2:30 a.m. on Tuesday after receiving a report of an armed home invasion involving a stabbing and kidnapping, the department ...
[4] [5] The Pensions Trust Fund grew from an initial government grant of RM500 million in 1991 to RM42 billion in 2007. [ 4 ] [ 5 ] In March 2007, KWAP was established under the Retirement Fund Act and assumed all powers, functions, activities, assets and liabilities of the Pensions Trust Fund.