Amendment status not verified — confirm the current text below against the official source.
Specie/provision for transfer and vesting ofwelfarefrnds established by custom or agreement—MI welfare funds established either by custom or agreement before the date of commencement of this Act and standing to the credit of the employees on the date of commencement of thisAct shall, notwithstanding anything to the contrary contained in any law for the time being in fbrce or in any deed or other instrument, stand transferred to and vest in the find established under section 3 and shall be credited to the accounts of the employees entitled thereto in the jtñid * 19. P6wer to make rute.c.—(t) The Government, may by notification in • the Gazette, make rules for the purpose of carrying into effect the provisions of this Act.. (2) Every rule made under this Act shall be Laid, as soonas may be after it is made, before the Legislative Assembly while it is in sessiorf for a total period of fourteen days which may be comprised in one session or in two successive sessions, and if, bakre the expiry of the session in which it is so laid or the session immediately following, the Legislative Assembly r.oakes any modification in the rule or detides that the rule should not be made 1 the rule ihall thereafter have effect only in such nwdified form or be no effect, as they case may be; so however that any sash modification or annulment shall be without prejudice to the validity of aaything previouslydorie under that nile". - ScMto [See Section 3 (3)] :•-- MATrFRS FO!. WmCR!aovIsloN MAY BEMAD N Tlili I. The time and maimer in which contributions shall be made to the Sd by. employers ardby, or on behalf of emptâyecs (whether employed directly, or by or through a cohtractor) the contributions which an.employee may-make tinder section 4 and The manner in which such ctntributivnj may he recovered. the manner in which cmploya'. cottribrstians may be recovered by colincton from employees employed by or through such contractors, ,_y payment by the employer of such sum of money as may be necessary to meet the cost of administetisig the fund and the rate at which and the manner in which such payment shall be made. The constitution bf any con4nijtee for assisting the BqaM The manner in which accounts shall be kepi, the invesünent of inoney belonging- to the fluid in accotdance with any directions issued or conditions specified by the Government, the preparation of the budget, the audit of accounts and the submission of reports to the Government. .: The conditions wider which 1withdrawals from the fund may be permitted and any deduction or forfeiture may be made and the maximum amount of such deduction or forfeiture. . The fixation by the Governnnt in consultation with the Board thente of interest payible to membEà. The form in which an employee shall throish pafliculara about himself and. his family whenever required.. S. The nómindtion of a person to receive the amount standing to the credit of a member after his dcath and the cancellition or variation of such nomination,