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CMA Intermediate · Business Laws and Ethics · Employees Provident Fund and Miscellaneous Provisions Act, 1952

Under the Code on Social Security, 2020, the Employees' Provident Funds Scheme, 1952, the Employees' Deposit Linked Insurance Scheme, 1976 and the Employees' Pension Scheme, 1995 remain in force, to the extent not inconsistent with the Code, for how long from the date of commencement of the Code?

They remain in force for one year from the date of commencement of the Code, to the extent not inconsistent with it. This is stated in section 164(2)(b) of the Code on Social Security, 2020, which covers the EPF Scheme, the EDLI Scheme and the Pension Scheme.

  1. ASix months
  2. BOne yearCorrect
  3. CTwo years
  4. DUntil repealed by Parliament only, with no time limit

Explanation

Section 164(2)(b) states that these schemes remain in force to the extent they are not inconsistent with the Code for a period of one year from the date of commencement. Six months and two years are not provided.

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