Employees Provident Fund and Miscellaneous Provisions Act 1952: Applicability, Constitution of Central Board of Trustees and- Executive committee, Functions of Central Board of Trustees and Executive committee

Applicability of Employees Provident Fund Act:

According to sec 1 Employees Provident Fund Act is applicable in whole of India except J&K.

The Employees Provident Fund Act applies to those businesses in which 20 or more workers are employed by the employer. Hence Employees Provident Fund Act does not apply to those businesses in which less than 20 workers are employed.

Constitution of Central Board of Trustees and Executive committee:

The Central Board of Trustees consists of following members :

• One Chairman.
• One Wise Chairman.
• Provident fund Commissioner.
• Fifteen officers of central government.
• Fifteen officers of state government.
• Ten representatives of employers and
• Ten representatives of employees.

The Executive committee consists of following members:

• One Chairman.
• One Wise Chairman.
• Provident fund Commissioner.
• Three officers of central government.
• Three officers of state government.
• Two representatives of employers and
• Two representatives of employees.

Note: The Central Board of Trustees and Executive committee have the basic function of managing the Employees Provident Fund Act hence in the Employees Provident Fund Act these bodies have to perform various functions.

Functions of Central Board of Trustees and Executive committee:

Management and administration of:

• Employee’s provident fund.
• Pension fund for employees.
• Deposit link insurance.

The Central Board of Trustees and Executive committee shall have the power to manage the provident fund and Central Board of Trustees and Executive committee shall supervise the working of provident fund department.

Also Read:

• Meaning, Contribution, Salary for Employees Provident Fund and Benefits and purpose of Employees Provident Fund.
• Pension Fund and Pension of Employees: Sec 6A