Clause 12
Amendment of section 25
of Central Provident Fund (Amendment No. 2) Bill
BillNot in forceProvision 12 of 20
Clause 12
Section 25 of the principal Act is amended by deleting subsection (5) and substituting the following subsection:“(5) Any nomination made by a member of the Fund under subsection (1) shall be revoked —
(a)
by his marriage, whether the marriage was contracted before, on or after 15th May 1980; or
(b)
in such other circumstances, and in such manner, as the Board may prescribe.”.