Provident Funds Act, 1925
The Provident Funds Act, 1925 is a federal legislation which extends to whole of Pakistan. The Provident Funds Act, 1925 defined the terms such as “compulsory deposit”, “contribution”, “dependent”, “Government Provident Fund”, and “Provident Fund”. The Act provides for the protection of compulsory deposits in Government and Railway Provident Funds, ensuring they cannot be assigned, charged, or attached under Court decrees. The Act also details the procedures for repayments, specifying conditions under which sums are payable to dependents of the deceased subscribers. The Provident Funds Act, 1925 states the rights of nominees under the section 5 of the Act. The Act provides the power to make deductions from Provident Funds for various reasons, such as outstanding liabilities or dismissal from employment. The Act protects the acts performed in good faith under this law and provides the Government with the authority to extend its application to Provident Funds established by local authorities or specific institutions. The Provident Funds Act, 1925 allows the appropriate Government to add institutions to its scope and defines the appropriate Government concerning different types of institutions. Sections related to savings as to estates of soldiers and repeals have been omitted or repelled, respectively, by subsequent legislation.
