GPF Rules 1960 – Duty of accounts officer when he receives notices of assignment, charge or encumbrance of policies, Wrongful use of money withheld or withdrawn
General Provident Fund Rules 1960 – Shrot Title and Commencement, Definition and Constitution of Fund
THE GENERAL PROVIDENT FUND (CENTRAL SERVICES) RULES, 1960
PART IX – MISCELLANEOUS
RULE 28- DUTY OF ACCOUNTS OFFICER WHEN HE RECEIVES NOTIES OF
ASSIGNMENT, CHARGE OR ENCUMBRANCE OF POLICIES
If the Accounts Officer receives notice of-
(a) an assignment (otherwise than an assignment to the President under rule 22), or
(b) a charge or encumbrance on, or
(c) an order of a Court restraining dealings with the policy or any amount realised thereon,
the Accounts Officer shall not-
(i) reassign or make over the policy as provided in rule 24, or
(ii) realise the amount assured by the policy or reassign, or make over the policy, as provided in rule 25,
but shall forthwith refer the matter to the Government.
RULE 29- WRONGFUL USE OF MONEY WITHHELD OR WITHDRAWN
Notwithstanding anything contained in these rules, if the sanctioning authority is satisfied that money withheld or withdrawn from the Fund under clause (a) Or clause (b) of rule 17 has been utilised for a purpose other than that for which sanction was given to the withholding or withdrawal of the money, the amount in question, shall forthwith be repaid or paid, as the case may be, by subscriber to the Fund, or in default, be ordered to be recovered by deduction in one sum from the emoluments of the subscriber even if he be on leave. It the total amount to be repaid or paid, as the case may be, be more than half the subscriber’s emoluments, recoveries shall be made in monthly instalments of moieties of his emoluments till the entire amount is repaid or paid, as the case may be, by him.
NOTE– The term ’emoluments’ in this rule does not include subsistence grant.