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

Which of the following is a matter for which provision may be made in a Scheme under Schedule II of the 1952 Act, in relation to Boards of Trustees?

A Scheme may provide for constituting committees to assist any Board of Trustees and for opening its regional and other offices, as Schedule II items 4 and 5 state. Interest rates are fixed by the Central Government in consultation with the boards.

  1. AAppointment of the Chairman of the Central Board by the employers' association
  2. BConstitution of any committee for assisting any Board of Trustees and opening of regional and other offices of any Board of TrusteesCorrect
  3. CRemoval of members of a Board of Trustees by the Executive Committee
  4. DFixing of the rate of interest on members' balances by the Board alone, without Central Government

Explanation

Items 4 and 5 of Schedule II allow a Scheme to provide for committees assisting any Board of Trustees and for regional and other offices. Item 8 says the Central Government fixes the interest rate in consultation with the boards, so the interest option is wrong.

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