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Provident Fund Contributions of the Seafarers / Seaman.
Applicable to:
All Shipping Companies
Effective Date:
2017-03-23
Superseded Circulars:
None mentioned
Key Changes and Requirements
1. Provident Fund Contributions
All Shipping Companies are directed to ensure Provident Fund contributions for all seafarers, including officers, as per Section 2(1) of the SPF Act 1966. Contributions should be remitted as per Para 26(3) & (4) of the Seamen's Provident Fund Scheme 1966.
- Action Required: Remit Provident Fund contributions for all seafarers, including those retained for past periods.
- Non-compliance: May lead to action against directors under the Proviso of Para 66(b), & (c) of the Seamen's Provident Fund Scheme, 1966.
2. Remittance Information
Shipping companies should provide information while remitting Provident Fund contributions to ensure accuracy and cross-verification.
- Mandatory: Remit Provident Fund contributions as per Section 2(1) of the SPF Act 1966 and Para 26 of the Scheme 1966.
- Voluntary Contributions: Attach copy of TCC/CBAJITF Agreement mentioning applicable rate for Provident Fund and Annuity.
Important Note
Ignoring the above directions may lead to action against your Directors under the Proviso of Para 66(b), & (c) of Seamen's Provident Fund Scheme, 1966.
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