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Supreme Court Issues Interim Order not to Force BFIs to join SSF

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Supreme Court Issues Interim Order not to Force BFIs to join SSF
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August 4: The Supreme Court has issued an interim order not to immediately implement the provision of mandatory enlisting of Banks and Financial Institutions (BFIs) in the Social Security Fund (SSF).

The interim order issued on Tuesday (August 3) has instructed government authorities not to force BFIs to join the social security fund unless they agree to be listed voluntarily.

A full bench of Justices Anil Kumar Sinha, Dr Kumar Chudal and Nahakul Subedi issued the interim order after hearing a writ petition filed by employees and unions of various banks.    
The bench also asked the concerned authorities to keep all the activities related to listing BFIs in the social security fund in status quo.

 

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