The Employees Old Age Benefit Act, 1936

For business information, annual reports, laws, ordinances, regulations and articles.

THE EMPLOYEES OLD AGE BENEFITS ACT, 1976
CHAPTER - I
Preliminary

1 Short title, extent, commencement and application.

2 Definitions.

CHAPTER - II
Insured Persons

3. Compulsory Insurance.

4. Administration.

5. Nomination of a body corporate pending establishment of an institution.

6. Management.

7. Board of Trustees.

8. Powers and functions of the Board of Trustees.

8-A. Appointment, powers, and functions of Chairman.

CHAPTER - III
Contributions

9. Rate and assessment.

9-A. Government contribution.

10. Record and returns by employers.

11. Registration of establishments, etc.

11-A. Cancellation of registration of establishments, etc.

12. Officials of Institution to check employer's books.

13. Increase of unpaid contribution and recovery of contribution, etc., as arrears of land revenue.

14. Safeguard of insured person's right in default of payment of contribution by employer.

15. Refund of contribution paid erroneously.

16. Extinguishment of claims to contributions.

CHAPTER - IV
Finance and Audit

17. Employees' Old-Age Benefit Fund.

18. Investments and loans.

19. Budget, accounts and audit.

20. Annual Report.

21. Valuation of assets and liabilities.

CHAPTER - V
Benefits

22. Old-Age pension.

22-A. Old-age grant.

22-B. Survivor's pension.

23. Invalidity pension.

CHAPTER . VI
Provisions common to all benefits

24. Calculation of qualifying contribution periods.

25. Benefit claims and payment.

26. Extinguishment of benefits.

27. Suspension of old-age pension and survivor's pension.

28. Non-duplication of benefit.

29. Benefit not attachable, chargeable or assignable.

30. Repayment of benefit improperly received.

31. Institution's right to be indemnified in certain cases.

32. Recovery of amount due.

CHAPTER . VII
Determination of questions and Claims

33. Decision on complaints, questions and disputes.

34. Review of decisions.

35. Appeal to Board.

36. Assessment. of invalidity.

37. Offences.

38. Prosecution.

CHAPTER - VIII
Miscellaneous

39. Contributions, etc.

40. Exemption from stamp duty.

41. Exemption from taxes.

42. Member and servants of the Institution to be public servants.

43. Delegation of powers.

44. Powers to make rules.

45. Power to make regulations.

46. Power to exempt.

47. Act not to apply certain persons.

48. Repeal.

SCHEDULE.

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