Explanation:

Employees provident funds and miscellaneous provisions act, 1952.

This is an Act to provide for the institution of provident funds, pension fund, and deposit-linked insurance fund for employees. Employees' Provident Fund Organisation (EPFO) is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.he Employees’ Provident Funds and Miscellaneous Provisions Act provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of the employee's early death. It extends to the whole of India except the State of Jammu and Kashmir and is applicable to: every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed. every other establishment employing 20 or more persons or class of such establishments that the Central Govt. may notify. any other establishment so notified by the Central Government even if employing less than 20 persons.