GPF Rules 1960 – Procedure on cessation of interest of the subscriber in the Family Pension Fund, Lapse or wrongful assignment of policies
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 26- PROCEDURE ON CESSATION OF INTEREST OF THE SUBSCRIBER IN THE FAMILY PENSION FUND
If the interest of the subscriber in the family pension fund ceases, in whole or part, from any cause whatsoever, the provident fund account of the subscriber shall forthwith be reimbursed by the amount of the refund secured by the subscriber from the family pension fund, which amount shall, in default of reimbursement, be deducted from the subscriber’s emoluments by instalments or otherwise, as may be directed by the authority competent to sanction an advance for the grant of which, special reasons are required under sub-rule (2) of rule 12.
RULE 27- LAPSE OR WRONGFUL ASSIGNMENT OF POLICIES
If the policy lapses, or is assigned, otherwise than to the President under rule 22, charged or encumbered, the provisions of sub-rule (4) of rule 22 applicable to a failure to assign and deliver a policy shall apply.