Central Provident Fund Act |
Central Provident Fund (Withdrawals for the Purchase of Shares) Regulations |
Rg 5 |
REVISED EDITION 1990 |
(25th March 1992) |
[26th April 1978] |
Citation |
1. These Regulations may be cited as the Central Provident Fund (Withdrawals for the Purchase of Shares) Regulations. |
Definitions |
2. In these Regulations —
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Member may withdraw up to $5,000 |
3. Any member of the Fund who is of the age of 21 years or above may withdraw up to $5,000 of the moneys standing to his credit in the Fund for the purchase of fully paid-up shares of $1 each in the Company:
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Application and authorisation |
4. Where at any time a member has entered into an agreement with —
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Application in Board’s forms |
5. An application for the withdrawal of moneys in the Fund in accordance with these Regulations shall be made in writing to the Board in such form as the Board may require and the applicant shall furnish the Board with such information and documentary proof of the purchase of shares in the Company as the Board may require. |
Conditions |
Repayment on sale |
7.—(1) Any member who sells any shares in the Company purchased with money withdrawn from the Fund in accordance with these Regulations shall forthwith repay to the Board —
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