Provident Funds definition

Provident Funds means a Fund in which subscriptions or deposits of any class or classes of employees are received and held on their individual accounts, and include any contributions and any interest or increment accruing on such subscriptions, deposits or contributions under the rules of the Fund;
Sample 1
Provident Funds means the University of Udaipur Contributory Provident Fund maintained under these statutes;
Sample 1
Provident Funds means the Employees’ Provident Funds Scheme, 1952; The Employees’ Family Pension Scheme, 1971 and the Employers’ Deposit-Linked Insurance Scheme, 1976, promulgated under the provision of the Employees’ Provident Funds and Misc., Provisions Act, 1952.
Sample 1

Examples of Provident Funds in a sentence

  • The contractor shall be liable for making contributions in accordance with the provisions of the Employees Provident Funds Act, 1952, and the scheme framed there-under in respect of the labour employed by him.

  • Provident Funds constituted by companies registered under the Companies Ordinance, 1984, subject to conditions and investment limits as laid down in Employees Provident Fund (Investment in Listed Securities) Rules, 1996, as amended from time to time, including by SROs.

  • The contractor shall be liable for making contributions in accordance with the provisions of the Employees Provident Funds & Misc.

  • He as an employer shall be liable to pay employer’s contribution/deductions towards PF under the PF Act in respect of all labour employed by him for the execution of the contract in accordance with the provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 as amended from time to time.

  • Further, the transporter undertakes to abide by the provision of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 in as much as the “Road Motor Transport Establishments” in the list of Non –Factory Industries to which the EPF & MP Act has been made applicable, is a class of establishments notified at item no.

  • Public/ Private/ Religious/ Charitable Trusts, Provident Funds and Other Superannuation Trusts and other investors requiring “approved security” status for making investments.

  • The Contractor shall be responsible to enroll his employees, deduct, add and deposit in the relevant accounts the contributions as required under the Employees State Insurance Act, 1952 and the Employees Provident Funds and Miscellaneous Provisions Act 1952 and any other enactment's covered under the various applicable labour laws as well as maintain all books of records for the staff and employees deputed by it for this contract such as required under any laws applicable.

  • He, as an employer, shall be liable to pay employer’s contribution/deductions towards PF under the PF Act in respect of all labour employed by him, for the execution of the contract in accordance with the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 as amended from time to time.

  • He, as an employer, shall be liable to pay employer‟s contribution/deductions towards PF under the PF Act in respect of all labour employed by him, for the execution of the contract in accordance with the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 as amended from time to time.

  • The contractor shall be liable for making contributions in accordance with the provisions of the Employees Provident Funds Act’ 1952, and the scheme framed there under in respect for the workers employed by him.

Related to Provident Funds

  • 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.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Fresh Funds means funds that:

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Current Funds means wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Retirement fund means the "Washington law enforcement

  • Public funds means money belonging to the government.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Good Funds means immediately available funds delivered by confirmed wire transfer to an account designated by the Closing Agent.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Grant Funds means any and all funds allocated or disbursed to Grantee under this Agreement.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • DCP means disclosure controls and procedures;