Section 8 in The Punjab State Agricultural Marketing Board and Market Committees Employees Provident Fund and Gratuity Rules, 1965
8. Disposal of fund on determination of service.
(1)The total amount of subscription and contribution together with interest accrued thereon shall be payable to the employee on the termination of his service or to his nominee if the employee does not subsist, or the legal heir of the employee in case both the employee and nominee do not subsist, after deducting the amount of temporary advance, if any :Provided that the competent authority may in its discretion forfeit the whole or any portion of the contribution credited in respect of an employee together with the interest accrued thereon, if the employee is dismissed within five years of his joining permanent service on account of charges involving moral turpitude, corruption and indiscipline :Provided further that if an employee leaves service within five years on grounds of ill health or for joining the Indian armed forces while a proclamation of emergency declared under the Constitution of India is in operation or if his post is brought under retrenchment, no deduction shall be made from the amount of the fund payable to him.(2)If the subscriber is transferred otherwise than temporarily to the service of another Market Committee, the amount standing to his credit in the fund shall be paid to such other Market Committee, in case his account cannot be transferred to his new place of duty for credit to the fund of such Committee :Provided that if he is transferred temporarily to the service of another Committee, the amount standing to his credit in the fund shall not be transferred to that Committee, but shall remain to the credit of his account.(3)If a subscriber has proceeded on leave preparatory to retirement or while on leave has been permitted to retire or has been declared by the competent authority to be unfit for further service, the amount standing to his credit in the fund shall, upon his application, become payable to him.
