The Provident Funds Act, 1925

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The Provident Funds Act, 1925

THE PROVIDENT FUNDS ACT, 1925 ACT NO. 19 OF 1925 1*

[27th August, 1925.]

An Act to amend and consolidate the law relating to Government and other Provident Funds.

WHEREAS it is expedient to amend and consolidate the law relating to Government and other Provident Funds:

It is hereby enacted as follows:--

1.

Short title, extent and commencement.

1. Short title, extent and commencement.(1) This Act may be called the Provident Funds Act, 1925.

(2) It extends to the whole of India 2*[except the State of Jammu and Kashmir] 3*.

(3) It shall come into force on such date 4* as the Central Government may, by notification in the Official Gazette, appoint.

2.

Definitions.

2. Definitions. In this Act, unless there is anything repugnant in the subject or context,--

(a) "compulsory deposit" means a subscription to, or deposit in, a Provident Fund which, under the rules of the Fund, is not, until the happening of some specified contingency, repayable on demand otherwise than for the purpose of the payment of premia in respect of a policy of life insurance, 5*[or the payment of subscriptions or premia in respect of a family pension fund], and includes any contribution 6* and any interest or increment which has accrued under the rules

[See footnote 1 for this section]

4. 1st April, 1926, Gazette of India, 1925, Pt. I, p. 1182.

5. Ins. by Act 1 of 1930, s. 2.

6. The words "credited in respect of any such subscription or deposit" omitted by s. 2, ibid.

2 of the fund on any such subscription, deposit or contribution, and also any such subscription, deposit, contribution, interest or increment remaining to the credit of the subscriber or depositor after the happening of an...

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