Provident fund payment rules govern nominees, guardians, posthumous children, and bank-credit requirements for international workers. Prompt payment of provident fund balances is required when a member's credit becomes payable, and the Commissioner is responsible for making payment under the Scheme. Where no nominee exists, or no person is otherwise entitled to receive the amount, payment may be made to a claimant after enquiry into title if the Fund balance does not exceed the prescribed limit and the Commissioner is satisfied as to entitlement. Special rules apply for minors, persons of unsound mind, posthumous children, and International Workers, including payment to guardians or recognised representatives and credit of amounts to the relevant bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provident fund payment rules govern nominees, guardians, posthumous children, and bank-credit requirements for international workers.
Prompt payment of provident fund balances is required when a member's credit becomes payable, and the Commissioner is responsible for making payment under the Scheme. Where no nominee exists, or no person is otherwise entitled to receive the amount, payment may be made to a claimant after enquiry into title if the Fund balance does not exceed the prescribed limit and the Commissioner is satisfied as to entitlement. Special rules apply for minors, persons of unsound mind, posthumous children, and International Workers, including payment to guardians or recognised representatives and credit of amounts to the relevant bank account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
