![]() Amendment Act 16 of 1971-Statement of Objects and Reasons.-The Coal Mines Provident Fund and Bonus Schemes Act, 1948 and the Employees' Provident Funds Act, 1952 provide for the institution of provident funds for employees in coal mines, factories and other establishments. The Bill seeks to give effect to the above proposals. (v) Provision is also being made for the recovery of damages from the employers in cases of default in the payment of any contribution or any charges under any Scheme or in transferring provident fund accumulations. (iv) In view of the difficulties experienced in giving the benefit of the provident fund to the employees employed by or through contractors provision is being made to enable the contractors to recover the amount of members' contributions from such employees and to make it obligatory on the contractors to pay to the employer the amount paid by the employers on account of the employees employed through the contractors. 2,000 or both for contravention of any of the provisions of the Act or the Schemes within two years of previous conviction. (iii) Provision is also being made for enhanced penalty of imprisonment up to one year or fine of Rs. (ii) A new provision is being made for transfer of provident fund accumulations from other provident funds to Coal Mines Provident Fund and vice versa on transfer of the employees from one establishment to another to ensure the continuity of their provident fund. Malis, sweepers, domestic servants and teachers employed in or in connection with coal mines along with apprentices or trainees who receive stipend or other remuneration directly from the employer are also proposed to be included within the definition of the term "employee" to enable them to get the benefit of provident fund. The term "employee" will now include persons employed by or through a contractor. ![]() (i) The existing definitions of the terms "coal mine", "employee" and "employer" are being suitably revised to make them more comprehensive and to bring them in line with the amendments made in the Mines Act, 1952 and the Employees' Provident Funds Act, 1952. The main amendments proposed to the original Act are as follow:. Since then the working of the Act has revealed certain lacunae which are proposed to be rectified by means of this Bill. 44.30 crores at the end of September, 1964. The accumulations in the Fund invested in the Central Government securities amounted to Rs. The number of subscribers under the schemes is more than four lakhs. ![]() Amendment Act 45 of 1965-Statement of Objects and Reasons.-The Coal Mines Provident Fund and Bonus Schemes Act, 1948, makes provision for the framing of Provident Fund and Bonus Schemes for persons employed in coal mines. that date, this Bill seeks to replace the Ordinance by an Act. As the schemes which are being framed under it must be continued beyond. A Coal Mines Bonus Scheme has since been framed under that Ordinance and the details of a Provident Fund Scheme are being worked out.Īs the life of an Ordinance is six months the Ordinance will cease to be effective on the 23rd October, 1948. With a view to implement these recommendations, Government promulgated the Coal Mines Provident Fund and Bonus Schemes Ordinance, 1948, on the 23rd April, 1948. Statement of Objects and Reasons.-The Board of Conciliation appointed in 1947 in connection with certain disputes in the Bengal and Bihar Coal fields recommended the payment of bonus to, and the establishment of a provident fund for, the employees in coal mines.
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