Source

Employees Provident Fund Act 1991 Part IIIA — Investment by member of the fund

s 29A · 1 section

Investment by member of the Fund

s 29A

(1) Notwithstanding anything contrary to the provisions of this Act, the Board may, subject to any regulations and rules made under this Act, authorize an application for investment, made by a member of the Fund, partly any amount standing to the credit of such member of the Fund in fund management institutions approved by the Minister, subject to such terms and conditions as he thinks fit. (2) Where the Board has authorized such transfer of a sum of money standing to the credit of such member under subsection (1), such amount so authorized shall not be paid dividend as declared by the Board under section 27.

Back to Employees Provident Fund Act 1991 — full text

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Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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