The Punjab Social Security Act, 2018.
punjab · 2018
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1(1) This Act may be called the Punjab Social Security Act, 2018
- S. 2Section 2 defines key terms used in the Punjab Social Security Act, 2018, including "collecting authority," "Fund," "Government," and "Social Security."
- S. 3Section 3 imposes various surcharges on petrol, vehicles, transportation, electricity, and excise to fund social services.
- S. 4(1) There shall be constituted a Fund to be called the Punjab Social Security Fund
- S. 5(1) The Fund shall be applied for the social services as defined in clause (h) of section 2
- S. 6(1) The Fund constituted under section 4 shall be managed by a Trust established by the Government
- S. 7Section 7 mandates authorities to collect social security surcharges and CSR contributions, depositing proceeds into a specified fund.
- S. 8Section 8 outlines the procedure for maintaining accounts and submitting returns for the Social Security Surcharge under the Punjab Social Security Act, 2018.
- S. 9Section 9 outlines procedures for depositing, managing, and investing funds collected under the Punjab Social Security Act, 2018.
- S. 10Section 10 allows the government to borrow money and secure repayments through various forms of asset security and guarantees.
- S. 11The accounts of the Fund shall be audited by the Local Fund Examiner, Punjab
- S. 12Section 12 protects government officials from legal action for actions done in good faith under the Punjab Social Security Act, 2018.
- S. 13(1) The Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act
- S. 14Section 14 allows the government to amend the Act for two years to resolve difficulties, but not thereafter.
- S. 15(1) The Punjab Social Security Act, 2000 (Punjab Act No