2. Section 5 of the Employees' Provident Fund Act, No. 15 of 1958 (hereinafter referred to as the "principal enactment") is hereby amend as follows :
| (a) by the insertion immediately after paragraph (f), of the following new paragraph:
| | " (ff) shall maintain a Suspense Account, into which shall be credited the contributions received under this Act in respect of which, the employers have failed to furnish relevant returns in terms of the Act or any regulations made thereunder, or have furnished deficient or incorrect returns and thus cannot be credited to individual accounts, and all the moneys held on the date on which this paragraph comes into force, in an account maintained by the Fund in respect of such contributions, shall be transferred by the Monetary Board to the Suspense Account created by this paragraph. | | |
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| (b) by the insertion immediately after paragraph (kk) of the following new paragraph :
| | "(kkk) shall deduct any outstanding monies due on a housing Loan under section 22, from the individual account of a member, upon a directive from the Commissioner to that effect, and transfer the amount so deducted to the relevant lending institution;". | | |
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Sri Lanka Consolidated Acts