This Act was enacted in the year of 1952. It makes provision for periodic contributions by the employees and the employers, in order to provide retirement benefits to the employees. It aims at securing the future of the employees after the retirement and also governs the application and institution of funds.
Look at the Contents:
What are the applicability conditions under this Act?
Whether applicability is separate factory wise or company wise?
What is the liability of the transferor and transferee company in case of transfer of establishment?
Is section 17B of the Act applicable in case of demerger?
Which date shall be taken as the transfer date under section 17B of this Act?
What is appointed date?
What shall be the quantum of assets on which the liability of the transferee employer be ascertained?
Value of assets shall be taken at book value or market value ?
