Section 4: Director of the National Provident Fund.
There shall from time to time, be appointed a fit person to be called the Director of the National Provident Fund, who shall be the administrative head of the Fund; and subject to the direction of the Board, the Director shall be responsible -
(a)
for the assessment of contributions under this Act and for the collection and payment of moneys into the Fund;
(b)
for the payment out of the Fund of the benefits and claims authorised under this Act;
(c)
for the investment, where not inconsistent with this Act or any other Act, of surplus funds from time to time; and
(d)
for accounting for all moneys collected, paid or invested under this Act.
Cite this section
Section 4, NATIONAL PROVIDENT FUND ACT (1961).
https://repo.podus.ai/laws/national-provident-fund-act/section/4/