Provident fund

Souvik Kumar Ghosh (CA Final) (1368 Points)

30 October 2012

Is a partnership firm engaged trading of tools & machines & allied repair & maintenance service required to maintain Provident Fund?

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Venkateswara Rao Sapare (Accountant) (1500 Points)
Replied 30 October 2012

EMPLOYEES’ PROVIDENT FUNDS SCHEME, 1952

[SRO 1509, dated 2-9-1952]

In exercise of the powers conferred by section 5 of the Employees’ Provident

Funds Act, 1952 (19 of 1952), the Central Government hereby frames the

following Employees’ Provident Funds Scheme, 1952, namely:—

(xxiv) as respects every trading and commercial establishment

engaged in the purchase, sale or storage of any goods including

establishments of exporters, importers, advertisers, commission

agents and brokers, and commodity and stock exchanges, but not

including banks or warehouses established under any Central or State

Act, covered by the notification of the Government of India in the

Ministry of Labour and Employment, No. G.S.R. 346, dated the 7th

March, 1962, come into force on the 30th day of April, 1962;

Please refer this.

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