(1) A Co-operative society may establish 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) A Contributory Provident Fund established by a co-operative society under sub-section (1) -
(a) shall not be used in the business of the society;
(b) shall not form part of the assets of the society; and
(c) shall not be liable to attachment or be subject to any other process of any court or other authority.
(2) A Contributory Provident Fund established by a co-operative society under sub-section (1) -
(a) shall not be used in the business of the society;
(b) shall not form part of the assets of the society; and
(c) shall not be liable to attachment or be subject to any other process of any court or other authority.
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More sections of this act
Section 1 · Short title, commencement and extentSection 2 · DefinitionsSection 3 · Promotion of Co-operative movementSection 4 · RegistrarSection 5 · Application for registration of co-operative societiesSection 6 · RegistrationSection 7 · Co-operative Societies to be bodies corporate -Section 8 · Bye-lawsIndia Code, Government of India. Text fetched 21 Oct 2026. Source metadata reports last modification: 2024-01-24. Check the linked official text and subsequent notifications when applying a provision.