Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 122] [Entire Act]

Union of India - Subsection

Section 122(2) in Finance Act, 2015

(2)Any credit balance in any of the accounts under the following schemes remaining unclaimed for a period of seven years from the date of its declaration as an inoperative account shall be transferred by the respective Institutions holding them to the Fund.
(a)Small Savings and other Savings Schemes of the Central Government with Post Offices and Banks authorised to operate such Schemes;
(b)Accounts of Public Provident Fund under the Public Provident Fund Scheme, 1968 maintained by Institution; and
(c)such other amounts, in any accounts or schemes as may be prescribed.