Section 12
of Employees Provident Fund Act 1951
ActRepealedProvision 12 of 22
Section 12
(1)
All sums recovered or collected on account of contributions under this Ordinance shall be paid into, or carried to, the Fund in such manner as the Board shall direct.
(2)
The Postmaster-General shall credit each employee with the amount of contributions paid in his respect by the employer on his own behalf and on behalf of such employee and, at the end of each quarter, with the interest on such amount in such manner as the Board shall direct.