(1) A Co-operative society may establish Contributory
Provident Fund for the benefit of its employees to which shall be credited
all contributions made by the employees and the society in accordance
with the bye-laws of the society.
(2) A Contributory Provident Fund established by a co-operative society under sub-section (1) -
(a) shall not be used in the business of the society;
(b) shall not form part of the assets of the society; and
(c) shall not be liable to attachment or be subject to any other process of any court or other authority.
(2) A Contributory Provident Fund established by a co-operative society under sub-section (1) -
(a) shall not be used in the business of the society;
(b) shall not form part of the assets of the society; and
(c) shall not be liable to attachment or be subject to any other process of any court or other authority.