Clause 21

by inserting, immediately after subsection (1), the following subsection:“(1A) Where —

a member of the Fund has withdrawn any amount from his ordinary account or special account in connection with any investment made under any scheme in accordance with any regulations made under section 77(1)(n);

the member is convicted of an offence under this Act or any other written law in connection with that investment; and

the Board has required that member to refund or transfer to his ordinary account or special account such amount as may be prescribed by those regulations,the court before which the conviction is had may, in addition to the fine prescribed under this Act or penalty prescribed under that law, order that member to refund or transfer to his ordinary account or special account, as the case may be, in accordance with such directions as the Board may give, the amount certified by an officer appointed by the Board in that behalf to be due from that member, under paragraph (c), at the date of the refund or transfer.”;

by inserting, immediately after the words “paid under subsection (1)” in subsections (2) and (3), the words “, or refunded or transferred under subsection (1A),”;

by inserting, immediately after the words “amount to be paid” in subsection (3), the words “, refunded or transferred”; and

by inserting, immediately after the word “contributions” in the section heading, the word “, etc.,”.