Important Points for IC 83 - Group Insurance and Retirement Benefit Schemes Exam
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Paid up share capital means market valu of paid up and subscribed equity capital.
Net worth would comprise of Paid-up capital plus Free Reserves including Share Premium but excluding Revaluation Reserves, plus Investment Fluctuation Reserve and credit balance in Profit and Loss account, less debit balance in Profit and Loss account, Accumulated Losses and Intangible Assets.
Employees Provident Fund Organisation (EPFO) provides social security to the organised work force of the country. This security cover allows monetary benefits in lump sum as well as through monthly accurals to the beneficiaries.
The EPFO will be allowed to invest up to 55 per cent of its funds in debt securities issued by banks and financial institution and other body corporates/
Till now EPFOs corpus is being put to investment in fixed income instruments which are considered safe. These instruments could be the: Central Government Securities, Central Government Guaranteed Securities, State Development loan, State Guaranteed Securities, Public Sector undertaking, Public Sector Financial institutions.
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