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Section 20 – Coir Board General Provident Fund Bye-Laws,1977

Coir Board General Provident Fund Bye-Laws,1977

20. Retirement of subscriber.

When a subscriber

(a) has proceeded on leave preparatory to retirement, or

(b) while on leave, has been permitted to retire or been declared by a competent medical authority to be unfit for further service;

the amount standing to his credit in the Fund shall, upon application made by him in that behalf to the Secretary, become payable to the subscriber:

Provided that the subscriber if he returns to duty shall, if required to do so by Board, repay to the Fund for credit to his account, the whole or part of any amount paid to him from the Fund in pursuance of this bye-law with interest thereon at the rate provided in Bye-law 12 in cash or securities or partly in cash and partly in securities, by instalments or otherwise, by recovery from his emoluments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which, special reasons are required under Cl. (2) of Bye-law 13.

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Coir Board General Provident Fund Bye-Laws,1977

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