Section 50A in The Coal Mines Provident Fund Scheme
50A. [ Remittance of Coal Mines Provident Fund Money. [Inserted vide Government of India, Ministry of Labour Notification No. PF 21(23)/11 dated 23rd June 1952.]
(1)All amount deposited into Government Treasuries under paragraph 31(2), 32(2), [@] and 50 shall be remitted to the Current Account No. I of the Coal Mines Provident Fund with the Imperial Bank of India, Dhanbad, [by the third day of the week following the week of deposit] [The words 'in the first week of the month following the month of deposit' substituted vide S.R.O. 2226 dated 5.10.55.], under advice to the Government of India in the [Ministry of Labour, Employment and Rehabilitation (Department of Labour and Employment)] [The words 'Department of Social Security' substituted vide G.S.R. 1221 dated 28.7.1966.] and the Coal Mines Provident Fund Commissioner. The remittance shall be made by the Treasury Officers by means of Reserve Bank Drafts at par marked "Intra-Provincial" favouring Imperial Bank of India, Dhanbad, for credit to the Current Account No.1 of the Fund. The account shall be operated on by such officers as may be specified by the Board of Trustees of the Coal Mines Provident Fund from time to time.(2)The Coal Mines Provident Fund Commissioner shall submit demand statements to the Accountant General/Comptroller by the 15th of the month in respect of the deposits made into the Government Treasuries during the month preceding the last month. Any difference between the amount remitted by the Treasury Officers and that actually due to the Fund shall be adjusted by the Accountant General/Comptroller concerned in a subsequent month.(3)The amount of administrative charges collected by Post Offices shall be remitted by the Post Masters concerned in the first week of the month following the month of sale of stamps in cash or by means of Reserve Bank Drafts at par marked 'Intra-Provincial' favouring Imperial Bank of India, Dhanbad for credit to the current Account No. 1 of the Fund. The Coal Mines Provident Fund Commissioner shall forward to the Deputy Accountant General, Posts and Telegraphs concerned a monthly statement by the 15th of each month showing the amounts realised by Post Offices within their circle of audit, on account of administrative charges on the sale of Coal Mines Provident Fund contribution stamps during the month preceding the last month, any difference between the amount already remitted by the Post Masters into the Current Account No.1 of the Fund with the Imperial Bank of India, Dhanbad and that due to the Fund being adjusted by the Post Masters concerned in due course on advice from the Deputy Accountant General Posts & Telegraphs concerned.]For J&K See Paragraph 8 of Appendix iv
