EPF & Miscellaneous PROVISIONS ACT, 1952.
It was interesting to note from the Post of Shri C.N.Venugopan the provisions. After reading, I referred to the Act itself. I am quoting the extract of Sec. 16 of the Act. He may kindly examine whether this section has undergone any amendment to decide on the applicability of the Act itself to the Nationalised Banks and Corporations like the LIC.
16. ACT NOT TO APPLY TO CERTAIN ESTABLISHMENT . -
1[(l) This Act shall not apply. -
(a) To any establishment registered under the Co-operative Societies Act, 1912 (2 of 1912), under any other law for the time being in force in any State relating to co-operative societies, employing less than fifty persons and working without the aid of power; or
2[(b) To any other establishment belonging to or under the control of the Central Government or a State Government and whose employees are entitled to the benefit of contributory provident fund or old-age pension in accordance with any scheme or rule framed by the Central Government or the State Government governing such benefits; or
(c) To any other establishment set up under any Central, Provincial or State Act and whose employees are entitled to the benefits of contributory provident fund or old-age pension in accordance with any scheme or rule framed under that Act governing such benefits;