Section 69 - Contributory provident fund. - Multi-State Co-Operative Societies Act, 2002

Contributory provident fund . 69. (1) Subject to the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952 (19 of 1952), a multi State co operative society having such number or class of employees as may be prescribed, may establish a contributory provident fund for the benefit of its employees to which shall be credited all contributions made by the employees and the society in accordance with the bye laws of the society. (2) Monies standing to the credit of any contributory provident fund established by a multi State co operative society under sub section (1) shall not ( a ) be used in the business of the society; ( b ) form part of the assets of the society; ( c ) be liable to attachment or be subject to any other process of any court or other authority.