Bare ActsThe Assam Tea Plantations Employees Welfare Fund 1959

Section 3

Welfare Fund

Amendment status not verified — confirm the current text below against the official source.

Welfare Fund.--II) There shall be constituted a Fund called the Assam Tea Plantations Employees Welfare Fund and notwithstanding anything contained in any other laws for the time being in force, the sums specified in sub section (2) shall be paid into the Fund. (2) The Fund shall consist of :... (a) all fines realised from the employees in the course of management of the plantation; . (b) all unpaid accumulations ; (c) all grants from the Stale or Central Government or the le a Board constituted under the Tea Act, 1953 (Act 29 of 1953) ; 3 (</) any voluntary donations; (e) any sum borrowed under section 8; ( / ) any sum unclaimed or forfeited in the Provident Fund Account of the employees. (3) The sums specified in sub-section (2), shall be collected by such agencies and in such manner and the accounts of the Fund shall be main­ tained and audited in such manner as may be prescribed: Provided that any amount drawn by the Fund during a financial year shall not be refundable even if the said amount is not spent within the financial year.

Section 3 – The Assam Tea Plantations Employees Welfare Fund 1959 | DailyLaw.ai