provident fund or not. without payment by the employees of any separate contribution or premium in that behalf.
(4) Any exemption granted under this section may be cancelled by the authority which granted it, by order in writing, if an employer fails to comply-
(a) in the case of an exemption granted under sub-section (1), with any of the conditions imposed under that sub-section or with any of the provision of sub-section (3).
(b) in the case of an exemption granted under sub-section (2), with any of the provisions of sub-section (3).
(5) Where any exemption granted under sub-section (1) or sub-section (2) is cancelled, the amount of accumulations to the credit of every employee to whom such exemption applied, in the insurance fund of the coal mine in which he is employed shall be transferred within such time and in such manner as may be specified in the Insurance Scheme to the credit of his account in the Insurance Fund.
12. Repeal of Ordinance VII of 1948.-(1) The CoaJ Mines Provident Fund and Bonus Schemes Ordinance. 1948 (VII of 1948), is hereby repealed.
(2) Notwithstanding any such repeal, anything done or any action taken in exercise of any power conferred by or under the said Ordinance shall be deemed to have been done or taken in exercise of the powers conferred by or under this Act. as if this Act had commenced on the 23rd day of April, 1948.
THE FIRST SCHEDULE |Sec. Sec 3] Matters to be provided for in the Coal Mines Provident Fund Scheme
1. The employees or class of employees who shall join the Fund, the contributions payable to the Fund and the conditions under which an employee may be exempted from joining the Fund or from payment of contributions.
2. Payment of contributions to the Fund by employers and by, or on behalf of 2[employees (whether employed by an employer directly or by or through a contractor)), the rate, time and manner of such payment and the manner in which such contributions may be recovered).
3[2-A, The manner in which employees' contributions may be recovered by contractors from employees employed by or through such contractors.)
3. The payment by the employer of such sums of money as may be considered necessary to meet the cost of administering the fund and the rate at which and the manner in which 4[the payment shall be made.]
4. The constitution of any committee for assisting (he Board).
5. The opening of regional and other offices.)
6. The manner in which accounts shall be kept, the investment of money belonging to the Fund, the preparation of budget, the audit of accounts and (he submission of reports to the Central Government.
7. The conditions under which withdrawals from the Fund may be permitted and any deduction or forfeiture may be made 6[the maximum amount of such deduction or forfeiture and the utilisation of such deducted or forfeited amounts).
The fixation of the rate of interest payable to members by the Central