Regulation 11
Transfer of moneys to general moneys of Fund under section 13(7A)(b) of Act where member’s accounts in Fund are deemed to be dormant
of Central Provident Fund Regulations 1987
Subsidiary LegislationIn forceProvision 12 of 23
Regulation 11
Where a member’s accounts in the Fund are deemed to be dormant under section 2(1B) of the Act, whether before, on or after 1 April 2022, the Board may transfer any moneys standing in the member’s account in the Fund (other than a nominee account, if any) to the general moneys of the Fund on or after the later of the following dates:
(a)
1 April 2022;
(b)
the date on which the member’s accounts in the Fund are deemed to be dormant.