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The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
The concept of registration of persons and issuing identity cards was the subject of an agreement made between India and Sri Lanka in 1954, The draft bill submitted to the Sri Lankan parliament in 1962 was passed as the Act of Registration of Persons No. 32 of 1968. With the aim of activating the provisions of this Act, the Department of ...
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
Sri Lankan nationality law details the conditions in which a person is a national of Sri Lanka. The primary law governing nationality regulations is the Ceylon Citizenship Act, which came into force on 15 November 1948. Any person born in Sri Lanka to a Sri Lankan parent is automatically a citizen by descent.
The legal system in Sri Lanka comprises collections of codified and uncodified forms of law, of many origins subordinate to the Constitution of Sri Lanka which is the highest law of the island. Its legal framework is a mixture of legal systems of Roman-Dutch law , English law , Kandian law , Thesavalamai and Muslim law .
In 1972, the country was renamed as the Free, Sovereign and Independent Republic of Sri Lanka, and the position was known as the prime minister of Sri Lanka from then onwards. The prime minister also held the unified Ministry of External Affairs and Defence until 1977, when the government of J. R. Jayewardene split the ministry into two ...
The National Identity Card(abbreviation: NIC) is the identity document in use in Sri Lanka. It is compulsory for all Sri Lankan citizens who are fifteen years of age and older to have their NICs. NICs are issued by the Department for Registration of Persons. The Registration of Persons Act No. 32 of 1968 as amended by Act Nos 28 and 37 of 1971 ...