Page 119 - DMGT306_MERCANTILE_LAWS_II

Mercantile Laws – II

Notes 6. What are the powers of the inspectors appointed under the Act?
7. What are the offences under the Act and what is the punishment for them?
8. Is any damage leviable on the employer delaying any payment due from him under the
Act or the Schemes?

9. Could the employer be punished under section 14-B in case the remittance of contribution
by him is delayed in a bank or post office?
10. Who is eligible to become a member of the fund?
11. Are the persons employed by or through a contractor covered under the Scheme?
12. What is the contribution payable by the employer and the employee under the Scheme?

13. Is it permissible for any member to contribute at a rate higher than the rate of 8 1/ 3
percent?
14. Is any interest payable on the provident fund accumulations of a member?
15. What are the benefits provided under the Scheme?

Answers: Self Assessment

1. False 2. True
3. False 4. Insurance Fund

5. Superannuation 6. Pension Fund
7. True 8. False
9. True 10. 10%
11. Provident Fund 12. Exempted
13. False 14. True
15. False 16. Civil
17. Contractor 18. Employers
19. True 20. True

6.11 Further Readings

Books B.D. Singh, Industrial Relations & Labour Laws, Excel Books, New Delhi, 2008
B.D. Singh, Industrial Relations: Emerging Paradigms, Excel Books, New Delhi, 2008
B.D. Singh, Labour Laws, Excel Books, New Delhi, 2007
D. Agarwal, Industrial Relations and Collective Bargaining, Deep & Deep Publications,
New Delhi, 1982
PR.N.Sinha, Indu Bala Sinha, Industrial Relations: Trade Union & Labour Legislation,
Pearson Education, 2009
VSP Rao, Industrial Relations & Labour Laws, Excel Books, New Delhi, 2008

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