Employees’ Deposit-Linked Insurance Scheme, 1976 Employees’ Deposit-Linked Insurance Scheme, 1976 Employees’ Deposit-Linked Insurance Scheme, 1976
 
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Employees’ Deposit-Linked Insurance Scheme, 1976

 

Sections

Employees’ Deposit-Linked Insurance Scheme, 1976

   
 

Notification

   
 

CHAPTER I: PRELIMINARY

1.

Short title, commencement and application

2.

Definitions

3.

Administration of the Scheme

4.

Regional Committee

5.

Delegation of power by the Central Board

6.

Administrative and financial powers of the Commissioner

7.

Contribution

8.

Mode of payment of contribution

8A.

Recovery of damages for default in payment of any contribution

8B.

Terms and conditions for reduction or waiver of damages

9.

Employer’s contribution not to be deducted from the wages of the employees

10.

Duties of employers

11.

Inspection of records and registers by the Commissioner or Inspector

12.

Supply of forms to employers

13.

Administration Account

14.

Deposit-Linked Insurance Fund Account

15.

Investment of moneys belonging to the insurance fund

16.

Interest

17.

Disposal of the Insurance Fund

18.

Expenses of Administration

19.

Forms and manner of maintenance of accounts

20.

Audit

21.

Budget

22.

Scales of assurance benefit and the minimum average balance to be maintained by an employee

23.

Assurance benefit to whom payable

24.

Assurance amount - How to be paid

25.

Registers, Records, etc.

26.

Annual report on the working of this Scheme

27.

Power to issue directions

28.

Special provisions relating to coal mines in respect of which applications are received for exemption from the provisions of this Scheme

29.

Punishment for failure to submit returns, etc.

   
 

FORM 1

 

FORM 2

 

FORM 3

 

SCHEDULE NO. I

 

SCHEDULE NO. II

 

SCHEDULE NO. III

 

SCHEDULE NO. IV

 

SCHEDULE NO. V

 

SCHEDULE NO. VI

 

SCHEDULE NO. VII

 

SCHEDULE NO. VIII

 

Employees’ Deposit-Linked Insurance Scheme, 1976

 

 

 

 

 

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