India - Income Tax Act 2010 - Saarc

1.1061 APPENDIXSECTION 1 OF EMPLOYEES’ PROVIDENT FUNDS ANDMISCELLANEOUS PROVISIONS ACT, 1952Short title, extent and application.1. ** ** **(3) Subject to the provisions contained in section 16, it applies—(a) to every establishment which is a factory engaged in any industry specified inSchedule I and in which twenty or more persons are employed, and(b) to any other establishment employing twenty or more persons or class of suchestablishments which the Central Government may, by notification in theOfficial Gazette, specify in this behalf :Provided that the Central Government may, after giving not less than two months’ noticeof its intention so to do, by notification in the Official Gazette, apply the provisions of thisAct to any establishment employing such number of persons less than twenty as may bespecified in the notification.(4) Notwithstanding anything contained in sub-section (3) of this section or sub-section (1)of section 16, where it appears to the Central Provident Fund Commissioner, whether onan application made to him in this behalf or otherwise, that the employer and the majorityof employees in relation to any establishment have agreed that the provisions of this Actshould be made applicable to the establishment, he may, by notification in the OfficialGazette, apply the provisions of this Act to that establishment on and from the date of suchagreement or from any subsequent date specified in such agreement.Definitions.SECTION 2 OF FOREIGN EXCHANGE MANAGEMENT ACT, 19992. In this Act, unless the context otherwise requires,—** ** **(c) “authorised person” means an authorised dealer, money changer, offshore bankingunit or any other person for the time being authorised under sub-section (1) ofsection 10 to deal in foreign exchange or foreign securities;** ** **(h) “currency” includes all currency notes, postal notes, postal orders, money orders,cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissorynotes, credit cards or such other similar instruments, as may be notified by theReserve Bank;** ** **(m) “foreign currency” means any currency other than Indian currency;(n) “foreign exchange” means foreign currency and includes,—(i) deposits, credits and balances payable in any foreign currency,(ii) drafts, travellers cheques, letters of credit or bills of exchange, expressed ordrawn in Indian currency but payable in any foreign currency,(iii) drafts, travellers cheques, letters of credit or bills of exchange drawn bybanks, institutions or persons outside India, but payable in Indian currency;** ** **(q) “Indian currency” means currency which is expressed or drawn in Indian rupeesbut does not include special bank notes and special one rupee notes issued undersection 28A of the Reserve Bank of India Act, 1934 (2 of 1934);** ** **(v) “person resident in India” means—