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Section 9 – Coir Board General Provident Fund Bye-Laws,1977

Coir Board General Provident Fund Bye-Laws,1977

9. Rates of subscriptions.

(1) The amount of subscription shall be fixed by the subscriber himself, subject to the following conditions, namely:

(a) it shall be expressed in whole rupees;

(b) it may be any sum, so expressed, which shall not be less than 6 per cent, of his emoluments and not more than his total emoluments :

(2) For the purpose of Cl. (1), the emoluments shall be

(a) in the case of a subscriber who was in Board’s service on the 31st March of the preceding year, the emoluments to which he was entitled on that date.

Provided that

(i) if the subscriber was on leave on the said date and elected not to subscribe during such leave or was under suspension on the said date, his emoluments shall be the emoluments to which he was entitled on the first day after his return to duty;

(ii) if the subscriber was on deputation out of India on the said date or was on leave on the said date and continue to be on leave and has elected to subscribe during such leave, his emoluments shall be the emoluments to which he would have been entitled had he been on duty in India;

(b) in the case of a subscriber who was not in Board’s service, on the 31st March of the preceding year, the emoluments to which he was entitled on the day he joins the Fund.

(3) The subscriber shall intimate the fixation of the amount of his monthly subscription in each year by written communication to the Secretary or in the following manner, as the case may be

(a) if he was on duty on the 31st March of the preceding year, by the deduction which he makes in this behalf from his pay bill for that month;

(b) if he was on leave on the 31st March of the preceding year, and elected not to subscribe during such leave, or was under suspension that date, by the deduction which he makes in this behalf from his first pay bill after his return to duty;

(c) if he has entered Board’s service for the first time during the year, by the deduction which he makes in this behalf, from his pay bill for the month during which he joins the Fund;

(d) if he was on leave on the 31st March of the preceding year, and continues to be on leave and has elected to subscribe during such leave, by the deduction which he causes to be made in this behalf from his salary bill for that month;

(e) if he was on foreign service on the 31 st March of the preceding year, by the amount credited by him to the Board on account of subscription for the month of April in the current year.

(4) The amount of subscription so fixed may be enhanced or reduced once at any time during the course of a year:

Provided that when the amount of subscription is so reduced, it shall not be less than the minimum prescribed in Cl. (1);

Provided further that if a subscriber is on leave without pay or leave on half pay or half average pay for a part of a calender month and has elected not to subscribe during such leave, the amount of subscription payable shall be proportionate to the amount of days spent on duty including leave, if any, other than those referred to above.

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Coir Board General Provident Fund Bye-Laws,1977

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