TEITOE Rules 16

धारा 16 · Section 16

(1)

Out of the money relating to Provident Fund which has been transferred to and vested in the Government under sub-section (1) of Section 10 of the Act, the contribution made to the fund by an observed employee, together with proportionate interest accruing on such contribution, shall, Provident Fund account of that employee and General Provident Fund Rules, which apply to an employee of the Government, shall also apply and be deemed to have always applied to such absorbed employee on and from the appointed day.

(2)

For the purpose of sub-section (1) the competent authority shall open or take steps for opening separate Provident Fund account in the name of every absorbed employee in accordance with the rules relating to Provident Fund that may apply to the employees of the Government from time to time.

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