Administration Manual - B.E.S.T. Undertaking.

Mahapalika to meet the expenditure to be incurred for Generation of
Electricity.
The investment under this fund is made in accordance with the
provisions under Section 460 JJ (1) of MMC Act as follows:-
1) Term Deposit with Bank who are on our approved list.
2) In Public Securities.
3.A-12.7 Provident Fund Investment:
Every month contribution towards Provident Fund is deducted from
the salary of the employees by EDP Department as per the notification
R.P.F.C. from time to time. The Undertaking contributes equal amount
to this contribution. The statement showing total amount is sent to
AOPF by EDP Department every month. AOPF after making provision
for payment of Gratuity, P.F. loans (Refundable / Non-refundable etc.)
informs to the Cash Department, the Provident Fund Investible
amount.
The fund of the P.F. Trust required to be invested in accordance with
the pattern prescribed by the RPFC from time to time. The present
pattern prescribed by RPF is as under:-
Sr.
No.
Investment Pattern Percentage of
amount to be
invested.
1 Central Government Securities 25%
2 Securities fully and
unconditionally guaranteed by
Central or any State Government.
15%
3 Public Sector Undertaking Banks
and / or Certificate of Deposits
issued by Public Sector Banks.
30%
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