Section 53B
Withdrawal of the transferred amount
of Employees Provident Fund Act 1991
Notwithstanding any relevant provisions of this Act, the amount which has been transferred into the account of the receiver named in the order under subsection 53A(1) shall not be withdrawn or transferred except in accordance with subsection (2).
(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