Deposit Linked Insurance Scheme,2010

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sndep

sndep (Querist)
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17 April 2011 PLZ EXPLAIN .................URGENT

Ranjan Dayal

Ranjan Dayal (Expert)
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18 April 2011 In exercise of the powers conferred by section 6C of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes Employees deposit linked insurance scheme & according to the provision this act "payment linked to the average balance in the Provident Fund
Account of an employee, payable to a person belonging to his family or otherwise entitled to it in
the event of death of the employee while being a member of the Fund.
(1) The contribution by the employer shall be remitted by him together with administrative charges at such rate as the Central Government may fix from time to time under sub-section (4)of section 6C of the Act, to the Insurance Fund within fifteen days of the close of every month by
a separate bank draft or cheque or by remittance in cash in such manner as may be specified in this behalf by the Commissioner.

Here Act means Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952).