1 Apr Provident Fund Act, (23 of ), the Central Government hereby makes the following rules further to amend the public Provident fund. 31 Mar The Public Provident Fund Act has been incorporated on 21st July This Act has been established for the institution of Provident Fund for. Public Provident Fund Act, , Free online bare acts, rules & regulation, Government Act, rules & regulations, enactment, Laws, statutes, notification.

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This will alert our moderators to take action. Complainants were fully aware of the rules and regulations laid down by the Government Indian-American arrested in Silicon Valley over visa fraud. Interest shall be paid as calculated as that is specified in the provident fund scheme. Get instant notifications from Economic Times Allow Not now.

How to open a PPF account?

Tax Laws & Rules > Acts > Public Provident Fund Act,

If that is not the case, inquire the local bank branch. Madras High Court 1.

T Act was amended. Can’t display summary as content is Scanned, Please open the judgment to see full content.

Public Provident Fund (India)

Should you be worried? National Green Tribunal 0. The subscribers are allowed to withdraw any amount including interest therein to the extent specified in the Scheme. The Scheme is framed under April – June [8].

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The shares of nominees may also be defined by the subscriber. Appellate Tribunal For Forfeited Property1 0. Orissa High Court 1.

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Such withdrawal shall be only after five years at the end of his first subscription. NIFTY 50 10, 7.

Public Provident Fund Act Section 2 Definitions – Judgments | LegalCrystal

Jammu and Kashmir High Court. Supreme Court Of India 0.

These schemes will now fall under the ambit of the Government Savings Banks Act: The amount can be deposited in lump sum or in a maximum of 12 installments per year. After 15 years of maturity, full PPF amount can be withdrawn and all is tax free, including the interest amount as well. Act 68 of on the ground that the impugned order is arbitrary, perverse and is bad in the eye of law.

There must be a guardian for PPF accounts opened in the name of minor children. Start Tour No Thanks. Right to Information 0. In case withdrawal of fund on behalf of the minor shall withdraw any amount only for the usage of the minor. National Consumer Disputes Redressal Commission Supreme Court Of India. Drag according to your convenience. Not only this has the Central Government had to take the assent from the Houses of Parliament before introducing such Laws or provisions that too before the Parliamentary Sessions ends.


Post Office TM to find other cases containing similar facts and legal issues. Competition Commission Of India. All the balance that accumulates over time is exempted from wealth tax. However, they are allowed to continue their existing PPF accounts upto its 15 years maturity period. Railway Claims Tribunal 0. Nominees or legal heirs are not eligible to continue the account of the deceased.

Sikkim High Court 0. From To 4. National Company Law Appellate Tribunal 0. Ordinarily, no interest amount to accrue to the subscriber in such cases. Find this comment offensive? July – September [9]. Any person, who acts as a guardian on behalf of a minor or insane or unsound, etc, shall collect this provident fund with in the maximum and minimum limit as prescribed in this scheme.

Madhya Pradesh High Court. Armed Forces Tribunal 0. Vide reply dated 31 July