Amendment status not verified — confirm the current text below against the official source.
Contribution and matters which maji beprovided for 41s Me chone.- (I) The contnbuhon which shall be paid by the aap$yqqo the md shall be ****ten per cent of the wages for the time being payftblc latacb of the employees, and employees contribution shall be equal to the coathbütIótij'i$'a11e bythcemployerinrespeètofhjtm . . - .. . The employer shall, in addition to the contribution payible un4er'- sub-section (1), contribute to the fund as grawityan amount equal to five p of the wages for the time being payable:;o' each of the employees: . , - Provided that where the amount of any contribution payable under this Act" involves a fraction of a rupee, the scheme may provide for the rounding off such fraction to the nearest rupee, half of a nsee or quarter of a rupee. **CThe government shall contribute to the Rand every year an amount not less than 7.5 per cent of the'employees' Contribution to the Rand by way of grant. Every employer shill payto the fund ten rupees eachfor every: half year in the case of every coconut tree and twenty rupees each for every year. in the case of every palmirab flee tapped, under his control to be utilized for tlt. payment of compensation. (4:A.) " Power of exemption._—(l) Notwithstanding anything contained in section 4, where the Govemmcnt, on the recommendation of the Roanj are of opinion that it is necessary in the public interest so to do, they may, by notification in the Gazette, exempt any class of employers, either prospectively or retrospectively, from payment of contribution under that section for such period as may be specified in the notification. (2) For the removal of doubt it is hereby declared that an employee shall not be.liable to pay his contribution under sub-section (I) of section 4 for the period for which his employer is exempted from payment of contribution. S. Modificorion of Scheme..—Ø) The Govetnniint may, by notification in the Gazette add to, amend or vary the scheme framed under this Act • J pro nectivelv or reiosoectivcv (2) Every notification under sub-section (I) shall be laid as son as may be, after it is issued, before the Legislative Assembly while it is in session for 'a total period of fourteen days which may be comprised in one session or in two successive sessions, and if before the expiry of the session in which it is so laid or the session inunediatcly following, the Legislative Assembly agrees in making any modification in the notification or agrees that the notification should not be issued, the notification shall thereafter have effect anl in such 'modified form or be of no - effect, as the.case may be; so however that any such modification o. a annulment shall be without prudice to the validity Of any hing Øeviousty done under that notification. Note: As per U 0. (Ia.) No. 2 114/99LLBR dt' 7-1-1999 the Govemmeni have enhanced the contribution to 10 per cent. . 4 1