Withdrawal under section 57DA(1) of Act
6B.—(1)  For the purposes of section 57DA(1)(b) of the Act, the Board may permit a withdrawal by a member under that section if the contribution amount mentioned in that section is —
(a)an additional relevant contribution credited to the member’s account in the Fund under regulation 5(1A), 6(1A) or 6A(2); or
(b)an amount earlier withdrawn by the member under section 57DA(1) of the Act that has been restored to the member’s account in the Fund under regulation 8(1).
(2)  For the purposes of section 57DA(2) of the Act, the prescribed time for a member’s application to the Board under section 57DA(1) of the Act is as follows:
(a)where the application concerns an additional relevant contribution mentioned in paragraph (1)(a) — within 2 years after the date the additional relevant contribution is credited;
(b)where the application concerns an amount restored under regulation 8(1), as mentioned in paragraph (1)(b) — within 2 years after the date the amount is restored to the member’s account in the Fund.
(3)  Where the Board permits the withdrawal by a member under section 57DA(1) of the Act, the Board may —
(a)retain in the member’s account in the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn; or
(b)transfer to the general moneys of the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn.
[S 725/2016 wef 01/01/2017]