Section 20: Contributions, etc., to be inalienable.
(1)
Subject to provisions of this section, contributions to the Fund shall be inalienable except under this Act, and shall not be assets for the benefit of creditors in the event of the bankruptcy or insolvency of a member of the Fund, or be liable to attachment for debt under any process of law; and any security, pledge or assignment given before or after the coming into force of this Act in respect to contributions by a member of the Fund shall be void.
(2)
Payment of contributions to the Fund shall continue to be made notwithstanding the bankruptcy or insolvency of a worker and any moneys paid during the bankruptcy or insolvency shall not be deemed to be after acquired property while held in the Fund.
(3)
Where a worker while a member of the Fund is convicted of an offence involving dishonesty and the court convicting the offender is satisfied that the employer has suffered financial loss as a result of the commission of the offence, the court may order payment to be made to the employer out of the Fund; and the amount ordered to be paid under this subsection shall not exceed the employer's contributions in the Fund in respect of the worker as a member of the Fund, together with accrued interest.
Cite this section
Section 20, NATIONAL PROVIDENT FUND ACT (1961).
https://repo.podus.ai/laws/national-provident-fund-act/section/20/