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Section 15 – Coir Board General Provident Fund Bye-Laws,1977

Coir Board General Provident Fund Bye-Laws,1977

15. Wrongful use of advance.

Notwithstanding anything contained in these e-laws, if the sanctioning authority is satisfied that money drawn as an advance from ; Fund under Bye-law 13 has teen utilised for a purpose other than that for which sanction was given for the drawal of money, the amount in question shall with interest at ; rate provided in Bye-law 12 forthwith be repaid by the subscriber to the Fund, or in u -fault, be ordered to be recovered by deduction in a lump-sum or in such number of monthly instalments as may be determined by the Secretary/Chairman, from the emoluments of the subscriber, even if he be on leave. If the total amount to be repaid be n ore than half the subscriber’s emoluments recoveries shall be made in monthly instalment from his emoluments till the entire amount is repaid by him.

Note.-The term ’emoluments’ in this bye-law does not include subsistence grant.

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Coir Board General Provident Fund Bye-Laws,1977

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