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Q121 (CISF/2020) Polity & Governance › Governance, Policies & Social Justice

Under the Employees' Provident Funds and Miscellaneous Provisions Act, the Central Government may authorize an employee. to maintain a Provident Fund Account in relation to the establishment, upon an application made by the employer and majority of such establishment's employees provided that the number of persons employed in that establishment is not less than

Explanation

According to Section 16A of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, the Central Government may authorize an employer to maintain a provident fund account for an establishment. This authorization is subject to the following statutory requirements:

  • An application must be submitted to the Central Government by the employer and a majority of the employees.
  • The number of persons employed in that establishment must not be less than 100.

While the Act generally applies to establishments with 20 or more employees (as per Section 1), the specific provision for an establishment to maintain its own provident fund accounts under Section 16A mandates this higher threshold of 100 employees. This provision allows larger establishments to manage their own PF accounts instead of the Central Board, provided they comply with the conditions specified in the EPF Scheme.

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SIMILAR QUESTIONS

CISF · 2021 · Q102 Relevance score: 5.05

The Central Government may frame a scheme to be called the Employees' Pension Scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 for the purpose of providing

1. Superannuation pension.

2. Retiring pension.

3. Partial disablement pension.

4. Permanent total disablement pension.

Select the correct answer using the code given below :

CISF · 2019 · Q119 Relevance score: 4.25

The Chairman and Vice-Chairman of the Central Board under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 are to be appointed by

CISF · 2019 · Q102 Relevance score: 3.80

Which of the following are included under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952?

1. Employees' Provident Fund

2. Employees' Deposit Linked Insurance Scheme

3. Employees' Permanent Disablement Pension

4. Pension of the Employees' Widows

Select the correct answer using the code given below.

CISF · 2022 · Q118 Relevance score: 3.39

Which of the following statements is/are correct ?

The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 is generally applicable to every establishment :

1. which deposits GST of more than ₹ 50,000 per year.

2. employing twenty or more persons.

Select the correct answer using the code given below :