Employees’ Provident Fund (Amendment)

Employees’ Provident Fund (Amendment) AN ACT TO AMEND THE EMPLOYEES PROVIDENT FUND ACT, NO. 15 OF 1958. BE it enacted by the Queen’s Most Excellent Majesty, by and with the advice and consent of the Senate and the House of Representatives of Ceylon in this present Parliament assembled, and by the authority of the same, as follows:- Short title. 1. This Act may be cited as the Employees Provident Fund (Amendment) Act, No. 16 of 1970. Amendment of section 5 of Act No. 15 of 1958. 2. Section 5 of the Employees’ Provident Fund Act, No. 15 of 1958, hereinafter referred to as the ” principal Act “,is hereby amended in paragraph (k) of that section as follows: – (a) by the substitution, for the words “shall deduct “, of the words ” shall, subject to the provisions of section 7A, deduct “; and (b) by the substitution, for the words ” in carrying out the provisions of this Act;”, of the words ct in carrying out their respective functions under this Act;”. Insertion of new section 7a in the principal Act. 3. The following new section is hereby inserted immediately after section 7, and shall have effect as section 7A, of the principal Act “Expenses of administration of Act. 7A.The expenses incurred by the Commissioner in carring out the provisions of this Act shall be charged on the Consolidated Fund of Ceylon: Provided ,however ,that the expenses incurred by the Commissioner in carrying out the provisions of this Act shall be paid out of moneys of the Fund.”. Amendment of section 14 of the principal Act. 4. Section 14 of the principal Act is hereby amended in sub-section (1) of that section, as follows: (1) by the omission of paragraphs (a) and (b) of the proviso to that sub-section; (2) by the relettering of paragraphs (c) and (d) of that proviso as paragraphs (a) and (b) thereof; and (3) in relettered paragraph (a) of that proviso, (i) by the substitution, for the words ” interest at the rate of “, of the words ” interest at such rate not less than ”; and (ii) by the substitution, for the words ” date of termination “, of the words” end of the month immediately preceding the date of termination “.