Section 12
Section 51 of the principal Act is amended—
of Employees Provident Fund (Amendment) Act 2016
Amendment ActIn forceProvision 12 of 24
Section 12
(a)
by renumbering the existing section as subsection (1); and
(b)
by inserting after subsection (1) as renumbered the following subsection:
“(2) Notwithstanding subsection (1), the amount standing to the credit of a member of the Fund under paragraph (1)(c) may be forfeited if the amount standing to the credit of such member is subject to an order of forfeiture by a court under the Anti-Money
Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 [Act 613].”.