Clause 17
Amendment of section 27L
of Central Provident Fund (Amendment) Bill
BillNot in forceProvision 16 of 37
Clause 17
In the principal Act, in section 27L —
(a)
in subsection (5), after “amount to be refunded”, insert “(including any goodwill sum the Board may, in its discretion, determine)”; and
(b)
in subsection (7), replace “which the Board is liable to refund under” with “to be refunded mentioned in”.