(a) ” compulsory deposit” means a subscription to, or deposit in, a Provident Fund which, under the rules of the Fund, is not, until the happening of some specified contingency, repayable on demand otherwise than for the purpose of Payment of Premia in respect of a policy of life insurance or the payment of subscriptions or premia in respect of a family pension fund, and includes any contribution 6 and any interest or increment which has accrued under the rules of the Fund on any such subscription, deposit or contribution, and also any such subscription deposit, contribution, interest or increment remaining to the credit of the subscriber or depositor after the happening of any such contingency In this Act, unless there is anything repugnant in the subject or context,. (3) It shall come into force on such date as the Federal Government may, by notification in the official Gazette, appoint.Ģ. (l) This Act may be called the Provident Funds Act, 1925. WHEREAS it is expedient to amend and consolidate the law relating to Government and other Provident Funds An Act to amend and consolidate the law relating to Government and other Provident Funds.
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