Rule – 85, Investment of fund moneys
March 28, 2018
Rule – 87, Ordinary annual contributions
March 28, 2018

Rule – 86, Admission of directors to a fund

86. Where the employer is a company17 as defined in clause (i) of sub-section (1) of section 3 of the Companies Act, 1956 (1 of 1956), a director of the company may be admitted to the benefits of the fund only if he is a whole-time bona fide employee of the company and does not beneficially own shares in the company carrying more than five per cent of the total voting power.

Reference: www.incometaxindia.gov.in

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