Malaysia legislation

Section 53B

of *EMPLOYEES PROVIDENT FUND ACT 1991

Section 53B

(2)

The Board may authorize the withdrawal of all amounts so transferred subject to any terms and conditions as may be prescribed by the Board if the Board is satisfied that the receiver—

(a)

has died;

(b)

has attained the age of fifty-five years;

(c)

is physically or mentally incapacitated from engaging in an employment; or

(d)

is not a Malaysian citizen and is about to leave Malaysia.

(3)

Where such authority for withdrawal under paragraph 2(a) or 2(c)

has been granted, no additional amount under section 58 may be paid.

PART VB

ELECTION BY MEMBER OF THE FUND TO TRANSFER

HIS CONTRIBUTIONS

Transfer of employee’s contributions

Section 53B — EMPLOYEES PROVIDENT FUND ACT 1991 | mylaw.my