Section 48, Provident Funds Act, 1925 [S17-9NH]
As at 7 September 2026. In force from 9 February 1925.
48. Grant of licence.—(1) An application for a licence to undertake membership of the Fund shall be made to the Central Board in Form 10, accompanied by a fee of nil rupees. (2) The Central Board may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Central Board may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
Fund: Section 2, Provident Funds Act, 1925 [S1787M] (In this Act, unless the context otherwise requires,—): "Fund" means the fund established under section 4
Fund: 4 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 47, Provident Funds Act, 1925 [S17-9MK], 9 February 1925, Band A. "section 48".
Not held (0)
none
Duties published under this section (0)
none