Clause 7
Amendment of section 11
of Central Provident Fund (Amendment No. 2) Bill
BillNot in forceProvision 7 of 15
Clause 7
Section 11 of the principal Act is amended —
(a)
by deleting the words “subsection (6) of section 13” in the fourth line of subsection (1) thereof and substituting therefor the words “subsection (2) of section 13A”; and
(b)
by deleting subsection (4) thereof and substituting therefor the following: —“(4) After the death of a member of the Fund a person nominated by such member in accordance with the provisions of subsection (1) of section 13A of this Act shall be entitled to withdraw such portion of one-half of the sum standing to the credit of such member in the Fund as is set out in the memorandum executed in accordance with that subsection.”.