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55. Limitation on contribution by a shareholder who is an employee,—
Where an employee of a company owns shares in the company 1( with a voting power exceedign five percent of the whole of such power), the sum of the contributions of the employee and employer to the recognised provident fund maintained by the company shall not exceed taka 500 in any month.
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1 Ins. vide S.R.O. No. 150-L/87, dt: 16-07-1987
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