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Section 22 – Coir Board General Provident Fund Bye-Laws,1977

Coir Board General Provident Fund Bye-Laws,1977

22. Manner of payment of amount in the Fund.

(1) When the amount standing to the credit of a subscriber in the fund becomes payable, it shall be the duty of the Secretary to make payment on receipt of a written application in this behalf as provided in Cl. (3).

(2) If the person to whom under these bye-laws, any amount is to be paid, is a lunatic for whose estate a manager has been appointed in this behalf under the Indian Lunacy Act,1912, the payment shall be made to such manager and not to the lunatic.

(3) Any person who desires to claim payment under this bye-law shall send a written application in that behalf to the Secretary. Payment of amounts withdrawn shall be made in India only. The persons to whom the amounts are payable shall make their own arrangements to receive payment in India.

Note.-When the amount standing to the credit of a subscriber has become payable under Bye-laws 19,20 or 21, the Secretary shall authorise prompt payment of that portion of the amount standing to the credit of a subscriber in regard to which there is no dispute or doubt, the balance being adjusted as soon after as may be.

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Coir Board General Provident Fund Bye-Laws,1977

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