Section 119
Valuation of assets and liabilities.
The Code on Social Security, 2020
About this Act
An Act to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors and for matters connected therewith or incidental thereto.
Each of the fund maintained by a Social Security
Organisation or by an establishment under this Code shall have a valuation of its assets and liabilities made
by a valuer or actuary, as the case may be, appointed, with the prior approval of the appropriate Government,
by such Social Security Organisation or the establishment, as the case may be, in the following manner,
namely:—
(a) in case of Central Board, annually;
(b) in case of Corporation, once in every three years;
(c) in case of any other Social Security Organisation or establishment, as specified by the appropriate Government, by order:
Provided that the appropriate Government, if it considers necessary, may direct such valuation to be made at such intervals other than provided in this section.
(a) in case of Central Board, annually;
(b) in case of Corporation, once in every three years;
(c) in case of any other Social Security Organisation or establishment, as specified by the appropriate Government, by order:
Provided that the appropriate Government, if it considers necessary, may direct such valuation to be made at such intervals other than provided in this section.