Section 11
Amendment of section 50
of Employees Provident Fund (Amendment) Act 2016
Amendment ActIn forceProvision 11 of 24
Section 11
Subsection 50(2b) of the principal Act is amended by substituting for paragraph (b) the following paragraph:
“(b) dividend shall be credited on any amount standing to the credit of a member of the Fund until all sums of money standing to the credit of such member are transferred to the Registrar of Unclaimed Money under section 51a.”.
Amendment of section 51