Sri Lanka Consolidated Acts

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Institute Of Fundamental Studies, Sri Lanka Act (No. 55 of 1981) - Sect 29

Deductions from Provident Fund first charge

29. Notwithstanding anything in the preceding provisions of this Part and without prejudice to any other right or remedy, the amount of any loss or damage sustained by the Institute, by reason of the dishonesty or negligence of a contributor at any time during the period of his employment by the Institute, shall be a first charge upon the amount lying to the credit of the account of that contributor in the Provident Fund ; and such amount may be deducted at the time any payment is made in accordance with the provisions of section 28.


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