Contributory Provident Fund definition

Contributory Provident Fund means the Contributory Provident Fund established under section 7B;
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Contributory Provident Fund means a provident fund, the rules of which provide for crediting of contributions.
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Contributory Provident Fund. - means the fund established as per the Employees Provident Fund Act and Rules connected there to.
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Examples of Contributory Provident Fund in a sentence

  • The Bank shall also maintain a Contributory Provident Fund or contribute equally to the EPF Department as the case may be for the benefits of its employees in accordance with the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952.


More Definitions of Contributory Provident Fund

Contributory Provident Fund means a provident fund, the rules of which provide
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Contributory Provident Fund means the defined contribution pension scheme, either conventional pension fund or, as the case may be, the Shariah compliant fund, specified in these rules, in which both the employer and employee contribute, as per First Schedule, to the pension account, and such contributions are invested until retirement of the employee and the accumulated balance in the pension account, at the time of retirement, is withdrawn or invested further to generate monthly income during the post- retirement phase, subject to exceptions under these rules;
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Contributory Provident Fund means the Provident Fund in which an employee contributes a fixed percentage of his salary and the university also contributes an equal amount to the fund in favour of the employee.
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Related to Contributory Provident Fund

  • provident fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • contributory means a person liable to contribute towards the assets of the company in the event of its being wound up.

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • contributory employment and support allowance means an allowance under Part 1 of the Welfare Reform Act 2007 as amended by the provisions of Schedule 3, and Part 1 of Schedule 14, to the Welfare Reform Act 2012 that remove references to an income-related allowance and a contributory allowance under Part 1 of the Welfare Reform Act 2007 as that Part has effect apart from those provisions;