Section 54 in The Arunachal Pradesh Co-operative Societies Rules, 1984
54. Maintenance and administration of provident fund.
- A society which has established a provident fund for its employees under Section 72 shall, with the previous approval of the Registrar, frame regulations for the maintenance and utilisation of the provident fund for its employees. Among other matters, such regulations shall provide for the following:(i)amount (not exceeding ten per cent of the employees' salary) of contribution to be deducted from the employees' salary;(ii)the rate of contribution (not exceeding the annual contribution made by the employee)- to be made by the society;(iii)advances which may be made against the security of the provident fund;(iv)refund of employees' contribution and contributions made by the society; and(v)mode of investment of the provident fund and payment of interest thereon.
