Amendment status not verified — confirm the current text below against the official source.
A co-operative society may, notwithstanding anything contained in the Employees' Provident Funds and Miscellaneous Provisions Act, 19 of 1952. 1952, establish a provident fund for the benefit of its whole-time employees with the contributions of such employees and may make contribution to the fund at the prescribed rate and the fund shall be administered in such manner as may be prescribed. Gratuity 67. A co-operative society may establish a Gratuity Fund in Fund. accordance with the provisions of the Payment of Gratuity Act, 1972 39 of 1972. for the benefit of its employees. Distribution