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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.
Premium Residency is separate from the current iqama residency because it grants more of the rights and privileges given to permanent residents in other countries. Current iqama holders must have a sponsor and must still regularly renew their permits based on their employment status as well as the government's migration policy decisions. These ...
Iqāma is the maṣdar form of the fourth stem (stem 'af`ala) from the triliteral root Q-W-M, which relates to setting things up, carrying things out, existence, and assorted other meanings. The word iqāma itself is multivalent, but its most common meaning outside the inauguration of prayer is in the context of immigration law , referring to a ...
To alleviate the problem, many software companies distribute free file viewers for their proprietary file formats (one example is Adobe's Acrobat Reader). The other solution is the development of standardized non- proprietary file formats (such as HTML and OpenDocument ), and electronic documents for specialized uses have specialized formats ...
The same year the present Karmachari Sanchaya Kosh (KSK), or Employees Provident Fund (EPF) in English, was established under the act as an autonomous provident fund organization. After the establishment of EPF, the erstwhile Sainik Drabya Kosh, Nijamati Provident Fund and Provident Fund Department were merged into the EPF. [ 4 ]
Mandatory digital documentation of labor contracts. Dropping the stipulation of sponsor consent for exit visas, final exit visas, re-entry visas, and change of sponsor, so long as they are to be applied for after the end of a contractual term or an appropriate notice period previously specified in the contract.