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16. Provident fund.—(1) The IBCC may create a provident fund for the benefit of its existing employees, in accordance with the provisions of the Provident Funds Act, 1925 (XIX of 1926). (2) The salary or their remunerations and pension of the new incumbent employees of IBCC shall be determined by the BoG on such terms and conditions as may be prescribed.

Effective date: 2023-04-13

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