Employees Provident Fund Act 1991 · Updated to 1 Jul 2022 · Part VI · Withdrawal of Contributions
54A. Payment of dividend in such manner as determined by the Board
Feedback & supportWhere any amount—
(a)
is withdrawn from the Fund under subsection 53B(2), section 54, 54C, 55A or 58B, the Board shall pay dividend on such amount so withdrawn or credit such dividend on the amount so withdrawn into the account of a member of the Fund in such manner as determined by the Board from time to time; and
(b)
is paid from the Fund under section 56, the Board shall pay dividend on such amount so withdrawn in such manner as determined by the Board from time to time.
Board
Defined · s 2
“Board” means the Employees Provident Fund Board established under section 3;