Section 50 in The Coal Mines Provident Fund Scheme
50. Procedure for the Purchase of Contribution Stamps by Employers - Rate of Administrative Charge.
- The contribution stamps to be affixed to the Contribution cards of the members under this Scheme shall be obtained by the employer from one of the Government treasuries [and post offices] [Inserted vide Government of India, Ministry of Labour Notification NO.PF 21(23)/11 dated 23rd June, 1952.] specified in Schedule 'A' on indent in Form 'N' annexed hereto and the nominal value of the stamps indented for, together with an administrative charge of 5 per cent of the nominal value of the stamps shall be paid into the treasury [and post office] [Inserted vide Government of India, Ministry of Labour Notification NO. PF 21(23)/11 dated 23rd June, 1952.] under the Head of account to be specified by the Central Government in this behalf ;Provided that the rate of administrative charge shall be reviewed by the Central Government in consultation with the Board, before the expiry of three years from the date of publication of this Scheme.[For J&K See paragraph 7 of Appendix iv]
