The Provident Funds Act, 1925

The Provident Funds Act, 1925 is a legislation in India that governs the establishment, management, and regulation of provident funds, pension funds, and deposit-linked insurance funds for employees. The Act is applicable to establishments that employ 20 or more employees and is aimed at providing social security benefits to employees in India. The Act establishes the legal framework for the operation of provident funds, pension funds, and deposit-linked insurance funds, and sets out the rules and regulations that govern their management, investment, and withdrawal. It also establishes the Central Board of Trustees, which is responsible for administering the funds, and outlines the roles and responsibilities of employers and employees with respect to the funds.