{"id":4534,"date":"2025-01-10T12:41:45","date_gmt":"2025-01-10T07:11:45","guid":{"rendered":"https:\/\/indianlawsociety.com\/?p=4534"},"modified":"2025-01-12T14:51:51","modified_gmt":"2025-01-12T09:21:51","slug":"the-seamens-provident-fund-act-1966","status":"publish","type":"post","link":"https:\/\/karma.law\/insights\/law-library\/the-seamens-provident-fund-act-1966\/","title":{"rendered":"The Seamens Provident Fund Act, 1966"},"content":{"rendered":"\n
\n
Download Act<\/span>Download Act<\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n

Ministry of Shipping<\/p><\/blockquote><\/figure>\n\n\n

The Seamen’s Provident Fund Act, 1966, was enacted to establish a provident fund scheme for the benefit of seamen in India. Recognizing the unique nature of seafaring employment and the need for financial security for seamen after retirement or in case of unforeseen events, the Act aims to provide a structured savings plan with contributions from both employers and seamen. This Act falls under the Ministry of Ports, Shipping and Waterways.<\/span><\/p>\n

Enactment Date, Number of Chapters, Number of Sections:<\/span><\/h4>\n

The Act was enacted on March 26, 1966. It consists of 24 sections and a schedule outlining matters to be covered by the Seamen’s Provident Fund Scheme. The Act isn’t divided into chapters.<\/span><\/p>\n

Act Governed By:<\/span><\/h4>\n

The Act is administered by a Board of Trustees constituted by the Central Government. The Board is responsible for managing the fund, investing the contributions, and disbursing benefits to members. The Seamen’s Provident Fund Commissioner, appointed by the government, serves as the chief executive officer of the Board.<\/span><\/p>\n

On Whom It Is Applicable:<\/span><\/h4>\n

The Act applies to all seamen (as defined in the Act) and their employers in India. It covers all aspects related to the provident fund scheme, including contributions, withdrawals, and other benefits.<\/span><\/p>\n

Penalties\/Punishments:<\/span><\/h4>\n

The Act prescribes penalties, including imprisonment and fines, for various offenses, such as making false statements, non-payment of contributions, and reducing seamen’s wages to offset the employer’s contribution.<\/span><\/p>\n

Important Pointers:<\/span><\/h4>\n