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State of Maharashtra - Section

Section 24 in The Maharashtra Housing and Area Development Authority Contributory Provident Fund Rules, 1985

24. Withdrawal of bonus during currency of the policy.

- The subscriber shall not during the currency of the policy draw any bonus the drawal of which during such currency is optional under the terms of the policy and the amount of any bonus which under the terms of the policy the subscriber has no option to refrain from drawing during the currency shall be paid forthwith into the fund by the subscriber or in default recovered by deduction from his emoluments or otherwise as may be directed by the sanctioning authority.