4. The following new section is hereby inserted immediately after section 44, and shall have effect as section 44A, of the principal enactment: -
| 44A.
| | (1) The board may make rules for or in respect of the following matters : -
| | | (a) the establishment, regulation, administration and management of a provident fund for the grant of benefits to officers and servants (other than daily-paid servants) of the board, the circumstances in which, and the conditions and restrictions subject to which, such officers and servants will be eligible for such grants, fixing the contributions to be made thereto by the board and such officers and servants and the payments to be made therefrom to such officers and servants or their nominees, authorizing the contributions of such officers and servants to be deducted from their salaries, prescribing the procedure for making such deductions, authorizing the payment of all such contributions into the fund and authorizing the investment of moneys paid into the fund and all matters incidental to or connected with the fund, for which no express provision is made ; and |
| (b) the establishment, regulation, administration and management of a scheme for the grant of gratuities to daily-paid servants of the board or their widows and children, the circumstances in which, and the conditions and restrictions subject to which, such servants or widows and children will be eligible for such grants, the payments to be made there under to such servants or widows and children, and all matters incidental to or connected with such scheme. |
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| | (2) No rule made by the board under subsection (1) shall come into force until it is approved by the Minister with the concurrence of the Minister of Finance.". | | |
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Sri Lanka Consolidated Acts