CMA Intermediate · Business Laws and Ethics · Employees Provident Fund and Miscellaneous Provisions Act, 1952
Under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, which authority is empowered to frame the Employees' Deposit-linked Insurance Scheme, and how is it framed?
The Central Government frames the Employees' Deposit-linked Insurance Scheme by notification in the Official Gazette under section 6C(1). Its purpose is to give life insurance benefits to employees of covered establishments. The Central Board administers the fund but does not frame the scheme.
- AThe Central Board, by a resolution passed at its meeting
- BThe Central Government, by notification in the Official GazetteCorrect
- CThe State Government, by an order issued to each establishment
- DThe Regional Provident Fund Commissioner, by a circular to employers
Explanation
Section 6C(1) says the Central Government may, by notification in the Official Gazette, frame the Employees' Deposit-linked Insurance Scheme to provide life insurance benefits to employees of establishments to which the Act applies. The Central Board only administers the Insurance Fund and does not frame the scheme. State Governments and Commissioners have no such power.
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