(1) Subject to the provisions of the employees Provident Funds an Miscellaneous Provisions Act, 1952 (19 of 1952), a cooperative society having such number or class of employees as may be prescribe may establish a contributory provident fund for the benefit of its employee to which shall be credited all contributions made by the employees and society in accordance with the bye-laws of the society. (2) Monies standing to the credit of any contributory provident established by a multi state society under sub-section (1) her. (a) be used in the business of the society; (b) form part of the assets of the society (c) be liable to attachment or be subject to any other process any court or other authority. the 2002 Act is corresponding of the Following changes have been brought in the 2002 Act: (1) There is change in sequence of sub-sections. (2) Provision in respect to Employees Provident Funds and cleanouts Provisions Act, 1952 was mentioned in sub-section of the 1984 Act, while in the new Act it is mention sub-section (1) cooperative society having prescribed players may contribute to the scheme established by the society: contributory provident fund for the benefit of its employees. It is mandatory for every cooperative society which has in its service ten regular employees to establish a contributory provident fund. In that shall be credited all contributions made by the employees and the accordance with the bye-laws. All the money kept in such fund she be spent for any business of the society as it is not part of the assets this fund is collected for the benefit of employees under the (F) the Employees& Provident Funds and Miscellaneous Provisions(A) The Employees Provident Funds Scheme has been established establishment of provident fund for employees or for any class of and specify the establishment or class of establishment to which scheme shall apply and then shall be established, as soon as may be framing of the scheme a fund in accordance with the provisions. You will feel great to find this information on powers of liquidator for credit cooperative society.