The Employees Provident Funds Bill having been passed by both the houses of the Parliament received the assent of the president of india on the 4th march 1952. It came on the statue book as the Employees Provident Funds Act , 1952. Now it stands as The Employees Provident Funds And Miscellaneous Provisions Act , 1952 ( 19 of 1952 )

1. Dr. Bhimrao Ambedkar
University , Agra
Institute Of Social Sciences
Department Of Social Work

2. Submitted To:
Dr. R.K Bharti
Asst. Professor
Presented By:
Mohd Zaid
Msw 3rd Sem
Presentation On
The Employees Provident Fund
And Miscllaneous Provisions Act ,
1952

3. With the industrial growth some of the big
employers had introduced schemes of the
provident funds for the betterment of their
workers.
On 15th November 1951 , The Government Of
India promulagated the Employees Provident
Fund Ordinance which came into force on that
date.
Subsequently The Employees Provident Fund
And Miscellaneous Provisions Bill was
introduced in the Parliament to replace the
Ordinance.
Introduction

4. • To provide compulsary establishment of provident
funds by every employer in industrial concern for the
betterment of employees and their families.
• An Act to Provide for the institution of provident
funds, pension fund and deposit- linked insurance
fund for employees in factories and other
establishments.
• Its object is to help employees save a fraction of their
salary every month to be used in an event that the
employees is temporarily or at retirement.
Objectives

5. • The Employees Provident Funds Bill having been
passed by both the houses of the Parliament
received the assent of the president of india on the
4th march 1952.
• It came on the statue book as the Employees
Provident Funds Act , 1952.
• Now it stands as The Employees Provident
Funds And Miscellaneous Provisions Act , 1952
( 19 of 1952 )
Act 19 Of 1952

6. • It extends to the whole of India except the State of
Jammu and Kashmir.
• To every establishment which is a factory engaged
in any industry specified in Schedule I and in
which twenty or more persons are employed.
• To any other establishment employing 20 or more
persons or class of such establishment which the
central government may, by notification in the
Official Gazette.
(Sec 1) Applicability Of The Act

7. • Establishment registered under co-operative societies
act 1912 ,employing less than fifty persons and working
without the aid of power.
• To any other establishment belonging to or under the
control of the Central Government or a State
Government and whose employees are entitled to the
benefit of contributory provident fund or old age
pension scheme.
• To any other establishment set up under any Central,
Provincial or State Act and whose employees are
entitled to the benefits of contributory provident fund
or old age pension scheme.
(sec 16) Non-Applicability Of The
Act

8. (Sec 5A) Central Board :-
• A Chairman and a vice Chairman appointed by CG.
• The Central Provident fund Commissioner,Ex-Officio.
• Not more than 5 person appointed by the CG from
amongest officials.
• Not more than 15 person appointed by the CG
representing the such Goverments of states.
• 10 person representing employers of the establishment
to which scheme applies appointd by CG.
• 10 person representing employees of the establishment
to which scheme applies appointd by CG.
Administrative Setup

9. (Sec 5B) State Board :-
• The central government can appoint a state
board of trustees for a state in consultation with
the govternment of that state.

10. (Sec 6) Contribution Rate

11. • Employees can take advances/withdraw the PF in
case of retirement ,medical care , housing ,
education of children.
• Equal contribution by the employer
• Up to 90% of the PF amount can be withdrawn at the
age of 54 years or before one year of actual
retirement
• The employee can voluntarily pay higher contribution
above the rate of 12% .called contribution towards
voluntary provident fund(VPF)
• The contribution made to the PF account along with
interest is completely tax free.
• Present rate is 8.55%
• PF account can be transferred if any member
changes from one establishment to other.
Benefits for Employees

12. Appointment Of Inspectors :-
• The appropriate government by notification in
the official gazette appoint person whom it
think fit to be inspector and may define their
jurisdiction.
• The inspector is a public servant
(Sec 13) Inspectors

13. • To furnish information as he may consider
necessary.
• With assistance he may enter and search for
examination any accounts , books , registers
and other document relating to the employment
of person on the payment of wages.
• Examine to any matter relevant to any of
purpose, sieze book, register or other
document.
• Exercise such other power as may provide.
Power To Inspectors

14. (Sec 14) Penalties
Offence
(1) Avoiding any
payment , false
statement , false
representation
(1B) Any employer who
contravenes or make
default in complying with
any provisions of sec 6C
(2) Any person who
contravenes or make
default in complying with
any provision
Penalty
• Imprisonment - 1 year
• Fine - Rs.5000 or both
• Imprisonment – upto 1 year
shall not be less than 6
months
• Fine – upto Rs. 5000
• Imprisonment - upto 1 year
• Fine – upto Rs. 4000 or both