Coal Mines Provident Fund and Miscellaneous Provisions Act,1948
Act No : 46
Section :
Transfer of accounts.
3D. Transfer of accounts.- (1) Where any employee who is a subscriber to any provident fund of the coal mine in which he is employed becomes a member of the Fund in accordance with the provisions of any Coal Mines Provident Fund --------------------------------------------------------------------- 1. Ins. by Act 16 of 1971, s. 6 (w.e.f. 13-2-1971). 2. Ins. by Act 99 of 1976, s. 5 (w.e.f. 1-8-1976). 3. Subs. by Act 16 of 1971, s. 6, for "the scheme aforesaid" (w.e.f. 13-2-1971). 4. Subs. by Act 99 of 1976, s. 5. for certain words (w.e.f. 1-8- 1976). 5. Subs. by s. 6, ibid., for certain words (w.e.f. 1-8-1976). 280B Scheme, the accumulations in the provident fund of the coal mine standing to the credit of the employee shall, notwithstanding anything to the contrary contained in any law for the time being in force or in any deed or other instrument establishing the provident fund but subject to the provisions, if any, contained in the Scheme, be transferred, by such person and within such time as may be provided in the Scheme, to the Fund and shall be credited to the account of the employee in the Fund. (2) Where a member of the Fund leaves his employment in a coal mine and obtains re-employment in any other establishment (not being a coal mine to which the Coal Mines Provident Fund Scheme applies) and becomes a subscriber to any provident fund of that establishment, the amount of accumulations to the credit of such employee in the Fund shall be transferred, within such time as may be specified by the Central Government in this behalf, to the credit of his account in the provident fund of the establishment in which he is re-employed, if the employee so desires and the rules in relation to that provident fund permit such transfer. (3) Where any employee who is a subscriber to any provident fund of an establishment (not being a coal mine to which the Coal Mines Provident Fund Scheme applies) leaves his employment in that establishment and obtains re-employment in a coal mine and becomes a member of the Fund, the amount of accumulations to the credit of such employee in the provident fund of the establishment left by him shall, if the employee so desires and the rules in relation to such provident fund so permit, be transferred to the credit of his account in the Fund.]
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