Section Text
(1) This Chapter shall not apply—
(a) to any establishment registered under the Co-operative Societies Act, 1912 (2 of 1912) or under
any other law for the time being in force in any State relating to co-operative societies employing less
than fifty persons and working without the aid of power; or
(b) to any other establishment belonging to or under the control of the Central Government or a State
Government and whose employees are entitled to the benefit of contributory provident fund or old age
pension in accordance with any scheme or rule framed by the Central Government or the State
Government governing such benefits; or
(c) to any other establishment set up under any Central or State or any other law for the time being in
force and whose employees are entitled to the benefits of contributory provident fund or old age pension
in accordance with any scheme or rule framed under that law governing such benefits; or
(d) to the employees who, immediately before the commencement of this Code, were receiving
benefits of Provident Fund under any Central or State enactment.
(2) If the Central Government is of the opinion that having regard to the financial position of any class
of establishment or other circumstances of the case, it is necessary or expedient so to do, it may, by
notification and subject to such conditions, as may be specified in the notification, exempt, whether
prospectively or retrospectively, that class of establishments from the operation of this Chapter for such
period as may be specified in the notification.