(c) "retaining allowance" means an allowance payable for the time being to an employee of any coal mine during any period in which the coal mine is not working, for retaining his services.
(3) The Central Government shall, after due appropriation made by Parliament by law, contribute to the Insurance Fund in relation to each employee covered by the Coal Mines Provident Fund Scheme, an amount representing one-half of the contribution which an employee is required, by sub-section (2) to make.
(4) (a) The employer shall pay into the Insurance Fund such further sums of money, not exceeding one-fourth of the contribution which he is required to make under sub-section (2), as the Central Government may, from time to time, determine, to meet all the expenses in connection with the administration of the Insurance Scheme other than the expenses towards the cost or any benefits provided by or under that scheme.
(b) The Central Government shall, after due appropriation made by Parliament by law, pay into the Insurance Fund such further sums of money representing one-half of the sums payable by the employer under Cl. (a), to meet all the expenses in connection with the administration of the Insurance Scheme other than the expenses towards the cost of any benefits provided by or under that scheme.
(5) The Insurance Fund shall vest in the Board and shall be administered by the Board in such manner as may be specified in the Insurance Scheme.
(6) Any scheme framed under the provisions of sub-section (1) may provide for all or any of the matters specified in the Third Schedule.]
4. Fund to be recognised under Act XI of 1922.-For the purposes of the Indian Income-tax Act, 1922 (XI of 1922),' the Fund shall be deemed to be a recognised provident fund within the meaning of Chapter IX-A of the Act.
5. Coal Mines Bonus Scheme.-(1) The Central Government may, by notification in the Official Gazette, frame a scheme to be called the Coal Mines Bonus, Scheme for the payment of bonus to '[employees] and specify the coal mines to which the said scheme shall apply.
(2) A scheme framed under the provisions of sub-section (1) may provide for all or any of the matters specified in the 2[Fourth Scheme].
3[(3) The employer shall pay the bonus in accordance with the Scheme as aforesaid.]
6.Retrospective operation of a scheme.-A scheme framed under this Act may provide that any of its provisions shall come Into force either prospectively or retrospectively with effect from such date as may be specified in this behalf in the scheme.
7. Modification of a scheme.-The Central Government may, by notification in the Official Gazette, add to, amend or vary "[either prospectively or retrospectively] a scheme framed under this Act.
5[7-A. Schemes to be laid before Parliament.-Every Scheme made under this Act shall be laid as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in the one session or in 6[two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid] both Houses agree in making any modification in the scheme or both Houses agree that the scheme should not be made, the scheme shall thereafter have effect only is such modified form or be of no effect, as the case may be ; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that scheme.
