Question

Which one of the following statements under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952, is not correct?

A It makes provision for pension scheme including family pension.
B It makes provision for Employees' Deposit Linked Insurance Scheme.
C The provisions of the Act shall not be applicable to Cooperative Societies employing fifty or more persons working without the aid of power.
D The contribution by the employer to the Fund shall be on the basis of the basic wage, dearness allowance and retaining allowance (if any) of the employee.
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