UPCOS Act 63अध्याय VII · Properties and Funds of Co-operative Societies

धारा 63 · Contributory Provident Fund

(1)

A co-operative society having such number or class of employees as may be prescribed, shall establish a contributory provident fund for the benefit of such employees to which shall be credited all contributions made by the employees and the society in accordance with the bye-laws of the society.

(2)

A contributory provident fund, established by a co-operative society under sub-section (1) shall not-

(a)

be used in the business of the society;

(b)

form part of the assets of the society;

(c)

be liable to attachment or be subject to any other process of any court or other authority; and

(d)

be subject to charge or liable to be set off towards payment of any debt or outstanding demand owing to a co-operative society under Section 41.

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