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Prescribed circumstance relating to person with property charge that ceased to be in force

Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022

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—(1) For the purpose of section 13C of the Act, the Board may permit a person to pay to the Fund contributions for himself or herself if he or she —(a)applies to the Board to pay to the Fund contributions for himself or herself under section 13C of the Act; and(b)either —(i)is the owner of a relevant immovable property on the date of the application mentioned in sub‑paragraph (a); or(ii)has, within the specified period before the date of the application mentioned in sub‑paragraph (a), sold, transferred or otherwise disposed of a relevant immovable property owned by him or her.(2) In this regulation —“former provision” means section 21(10)(b), 21A(9)(b) or 21B(11)(b) of the Act as in force before 1 January 2013 (as the case may be), read with section 15(15)(e)(ii) or (iii) of the Act as in force before that date, as the case may be;“relevant immovable property”, in relation to a person mentioned in paragraph (1)(b), means any immovable property —(a)with a property charge on that person’s estate or interest in that immovable property —(i)under section 21 or 21A of the Act (as in force before 1 January 2013); or(ii)constituted on that immovable property under section 21B of the Act (as in force before 1 January 2013);that ceased to be in force under a former provision; and(b)that was owned by the person mentioned in paragraph (1)(b) when the property charge mentioned in paragraph (a) was created or constituted and ceased to be in force;“specified period” means a period of one month or such longer period as the Board may allow in a particular case.

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