The coal mines provident fund and miscellaneous provisions act 1948, act no. Coal mines provident fund organisation, a statutory organisation under direct supervision of ministry of coal, government of india was established under coal mines provident fund and miscellaneous provisions act, 1948 for administration and implementation of following schemes. Provident fund and miscellaneous provisions act, 1948 46 of 1948 and in super session of the coal mines family pension scheme, 1971, except as respects things done or omitted to be done before such super session, the central government hereby makes the following scheme, namely. The first legislation on provident fund for industrial workers dates back to the year 1948 wherein coal mines provident fund and miscellaneous provisions act, 1948. Administration of the coal mines provident fund and miscellaneous provision act, 1948 46 of 1948. The coal mines provident fund scheme framed under the coal mines provident fund and. Provisions act, 1948 provides for constitution of a board of trustees. Accordingly, close of the year 1951 witnessed the promulgation of the employees provident funds ordinance. The centre government plans to merge coal mines provident fund organisation cmpfo with the employees provident fund organisation epfo.
Short title, commencement and application 1 this scheme may be called the coal mines pension scheme. The employees or class of employees who shall join the fund, the contributions payable to the fund and the conditions under which an employee may be exempted from joining the fund or from payment. Get a free quote coal mines provident fund organisation. An act to make provision for the framing of a provident fund scheme 1, a family pension scheme 2, a depositlinked insurance scheme and a bonus scheme for persons employed in coal mines.
An act to make provisions for the framing of a provident fund scheme 1, a 2pension scheme 3, a deposit linked insurance scheme and a bonus scheme for persons employed in coal mines. The coal mines provident fund and miscellaneous provisions act, 1948 formerly known as the coal mines provident fund, family pension and bonus schemes act, 1948 act no. The coal mines provident fund and miscellaneous provisions act, 1948 act was enacted to make provisions for the framing of a provident fund scheme, a family pension scheme and a deposit linked insurance scheme for persons employed in coal mines. Coal mines provident fund organisation is an agency of the indian government established in 1948 under the coal mines provident fund and miscellaneous provisions act 1948. Reliance capital asset management company rcam and icici securities primary dealership were selected by the cmpfos board of. Coal mines provident fund organisation home facebook. Fund scheme, 1948, coal mines pension scheme, 1998 and coal mines.
Coal mines provident fund and bonus schemes act, 1948. Section iof of the coal mines provident fund and bonus scheme act 1948 is a penal section under which for default in the payment of any provident fund contribution, the central government may recover from such employer or person as the case may be, such damages, not exceeding 25% of the amount of arrears, as it may think fit to impose. Coal mines provident fund and miscellaneous provisions act. Coal mines provident fund and miscellaneous provisions act, 1948 xlvi of 1948, the central government is pleased to frame the following. The coal board established under the coal mines conservation and safety act,1952.
The coal mines provident fund organisation has been entrusted with the responsibility of administering the coal mines provident fund and miscellaneous provision act, 1948 and different schemes framed there under. Coal pf to take fresh look at managers for rs 70,000 crore. The act was enacted to make provisions for administering provident fund pf scheme, pension scheme and deposit linked insurance dli scheme for persons employed in coal companies, and to provide them with lump sum retirement benefits, monthly pensionfamily pension, insurance coverage etc. Employees provident fund and miscellaneous provisions act,1952 the coal mines provident fund and miscellaneous provisions act, 1948 the seamens provident fund act, 1966 the assam tea plantations provident fund and pension fund scheme act, 1955 the jammu and kashmir employees provident fund act, 1961 4. The coal mines provident fund and miscellaneous provisions act, 1948 46 of 1948 provides for the framing of a provident fund scheme, a family pension scheme, a depositlinked insurance scheme and a bonus scheme for persons employed in coal mines. The coal mines provident fund organization formed under this act, is a statutory organization. Companies and agencies under administrative control. In this scheme, unless the context otherwise requires. Miscellaneous provisions act, 1948 provides provident fund benefits. Cineworkers welfare fund act, 1981 519 cineworkers welfare fund rules, 1984 523 16. Coal mines provident fund and miscellaneous provisions act, 1948 555 coal mines pension scheme, 1998 574 17. In the long title to the coal mines provident fund and bonus amendschemes act, 1948 hereinafter referred to as the coalmines act, after ment of the words provident fund scheme, the words, a family pension long title. It is an autonomous organisation governed by a board of trustees and functions under the overall supervision of ministry of coal.
Collection of statistics act, 2008 606 collection of statistics rules, 2011 617 19. The success of this scheme led to the demand for its expansion to other industries. Government plans to merge cmpfo with epfo sightsin plus. Under section 3, the central government may, by notification in the official gazette, frame the coal mines provident fund scheme for the establishment of a provident fund for employees and specify the coal mines to which the said scheme shall apply. An act to make provisions for the framing of a provident fund scheme, a pension scheme, a deposit linked insurance scheme and a bonus scheme for persons employed in coal mines. To test such a scheme in a restricted field the coal mines provident fund scheme was launched in 1948. This scheme may be called the coal mines pension scheme 1998 it shall come into force from such date as the central government may by notification in the official gazette appoint it shall apply to the employees of the coal mines to which the coal mines provident fund scheme 1948 the andhra pradesh coal mines provident fund scheme. This organization is a repository and custodian of the provident fund and other contributions received from the members and their employer. Coal yield analysis coyla android app coal yield analysis coyla ios app. Provident funds act 1925 schedule i citation 14068. The fund shall vest in, and be administered by the board constituted under section 3a. Coal mines provident fund and miscellaneous provisions act, 1948. The coal mine workers are governed by the coal mines provident fund and miscellaneous provisions act, 1948. Rules under the mines act, 1952 32 of 1952 for the levy and collection of duty of excise on coke and coal produced and dispatched from mines and administration of rescue fund.
In the indian labour conference held in 1948, it was generally agreed that the introduction of a statutory provident fund scheme for industrial workers might be undertaken. Whereas it is expedient to make provision for the framing of a provident fund scheme and a bonus scheme for persons employed. The coal mines provident fund organisation cmpfo is likely to have a fresh look at the selection of private fund managers for its rs 70,000 crore corpus of pension money belonging to 4. Travails of pensioners of indian coal mining industry. In this act, unless there is anything repugnant in the subject or context.
Rules under the mines act, 1952 32 of 1952 for the levy and collection of duty of. Administration of the coal mines labour welfare fund act, 1947 32 of 1947. The employees or class of employees who shall join the fund, the contributions payable to the fund and the conditions under which an employee may be exempted from joining the fund or from payment of contributions. Short title and application i this scheme may be called the coal mines provident fund scheme.
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