law: Employee's Provident Funds Miscellaneous Provisions Act, 1952
  5. Employees Provident Funds Scheme
  (1)] The Central Government may, by
  
  notification in the Official Gazette, frame a Scheme to be called the
  
  Employees' Provident Funds Scheme for the establishment of provident funds
  
  under this Act for employees or for any class of employees and specify the
  
  [establishments] or class of [establishments] to which the said Scheme shall
  
  apply [and there shall be established, as soon as may be after the framing of
  
  the Scheme, a Fund in accordance with the provisions of this Act and the
  
  Scheme.]
  (1A) The Fund shall vest in, and be
  
  administered by, the Central Board constituted under section 5A.
  (1B) Subject to the provisions of this Act, a
  
  Scheme framed under sub-section (1) may provide for all or any of the matters
  
  specified in Sch. II. ]
  [(2) A Scheme framed under sub-section (1) may
  
  provide that any of its provisions shall take effect either prospectively or
  
  retrospectively on such date as may be specified in this behalf in the Scheme.