Section 23D
Reference to Shariah Advisory Committee
of Employees Provident Fund Act 1991
ActIn forceProvision 27 of 147
Section 23D
(1)
The Board and the Investment Panel shall refer to the Shariah
Advisory Committee any matter relating to Shariah and any matter which requires the ascertainment of Shariah principles by the Shariah
Advisory Committee relating to the accounts of the members of the
Fund whose elections under section 43A have come into effect.
(2)
The advice given by the Shariah Advisory Committee on any matter referred under subsection (1) shall be binding on the Board and the Investment Panel.