3. Compulsory Provident Fund, [Pension and Insurance] Scheme.

(b) The Cenral Gvernment may contribute to the Insurance Fund in relation to each employee covered by the Scheme, an amount representing one-half of the contribution which an employer is required by clause (a) to make.
(c) The employer shall pay into the Insurance Fund such further sum of money, not exceeting one-forth of the contribution which he is required to make under clause (a) as the Board may, with due approval of the Government from time to time, determine to meet all the expenses in connection with the administration of Insurance Scheme.
(d) The Central Government may pay into the Insurance Fund such further sum of money representing one-half of the sum payable by the employer under clause (c) to meet all the expenses in connection with the administration of Insurance Scheme.
(e) The Insurance Fund shall vest in the Board of Trustees and shall be administered by it in such manner as may be specified in the Scheme.
(f) The Insurance Scheme may provide that any of its provisions shall take efect either prospectively or retrospectively on such date as may be specified in this behalf in that Scheme.]