Seksyen 18
of Akta 272
Seksyen 18
No sum of money standing to the credit of an employee may be withdrawn from the Fund except with the authority of the Board and, subject to any regulations and rules made under |sections 20 and 21
of this Ordinance, such authority|shall not be given unless the Board is satisfied that
(a)
the employee has died; or
(b)
the employee has attained the age of fifty-five years; or
(c)
on medical evidence, the employee is no longer capable of being, and ib not likely to be again, an employee; or
(d)
the employee is about to l¢ave Malaya with oy no intention of returning thereto; or period of at least two years and it is not likely that he will again be an employee :
Provided that where the number of monthly contributions paid under this Ordinance in respect of an employee is less than sixty, the lauthority of the
(e)
a person has ceased to be employee for a shall credit each |
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21
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EMPLOYEES PROWIDENT FUND.
Board for the withdrawal jof money in the circum-stances mentioned in paragraphs (d) and (e) of this sub-section shall be limited to a sum not exceeding the amount of the contributions |of such employee and the interest thereon :
Provided further that, in|
the case of an employee who immediately before being about to leave Malaya or before ceasing to be an employee, as the case may be, had been employed by ype same employer for a
Ss period of at least five year the five years immediately f force of this section, at its withdrawal of the amount employer and the interest tl amount of contributions of interest thereon.
(2)
When a person withdr to his credit in the Fund, h treated as an employee, nd for the provisions of this su employee, for the purposes