Multi-State Co-Operative Societies Act, 2002

Contributory provident fund

69. (1) Subject to the provisions of the Employees' Provident Funds 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 funds 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.