Seamen's Provident Fund Act,1966
Act No : 4
Section : SHORT TITLE AND APPLICATION
SEAMEN'S PROVIDENT FUND ACT, 1966
4 of 1966
26th March, 1966
The question of providing social security for Seafarers has been under consideration of the Government of India for a long time. The National Welfare Board for Seafarers, a statutory body, set up under Merchant Shipping Act, 1958, at its meeting held at Madras on 11th January, 1964, appointed a Tripartite Committee comprising of the representatives of the Ship owners, Seamen and Government. This Committee recommended that the Contributory Provident Fund Scheme for Seamen should be introduced with effect from 1st July, 1964, the rate of contribution by the employee and the employer being 6% of the wages up to 31-6-1968 and 8% of wages thereafter. The report of the Tripartite Committee was placed before the National Welfare Board for Seafarers at its meeting held in Bombay on the 23rd December, 1964 and was unanimously approved by the Board.
2. The Bill which generally follows the pattern of the Employees' Provident Funds Act, 1952, seeks to implement the above recommendations of the National Welfare Board for Seafarers. To being with, the proposed Provident Fund Scheme will benefit about 50,000 seamen.-Gaz. of Ind., 11-5-1965, Pt. II, section 2, Ext., p. 462.
An Act to provide for the institution of a provident fund for seamen. BE it enacted by Parliament in the Seventeenth Year of the Republic of India as follows:-
SECTION 01: SHORT TITLE AND APPLICATION
(1) This Act may be called The Seamen's Provident Fund Act.
(2) Unless otherwise expressly provided, the provisions of this Act shall apply lo every seaman and to the employer of such seaman.
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