The Companies Act 1956 Section 418 Provisions applicable to provident funds of employees. India Bareacts - Indian Bare Acts - India Bare Acts - 0 views
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sangam kumar on 01 Jun 12Provisions applicable to provident funds of employees. (1) Where a provident fund has been constituted by a company for its employees or any class of its employees, all moneys contributed to such fund (whether by the company or by the employees) or received or accruing by way of interest or otherwise to such fund shall, within fifteen days from the date of contribution, receipt or accrual, as the case may be, either - (a) be deposited - (i) in a post office savings bank account, or