PPF scheme.
The Government of India issued notification in February 2005,
amending the PPF Rules regarding closure and non-extension of
existing PPF (HUF ... PPF scheme. The Government of India issued
notification in February 2005 amending the PPF Rules regarding
closure and non-extension of existing PPF (HUF
referred to as 'the PPF Account') in the name of his Hindu Undivided
Family (HUF) with the GPO. It is stated ... words "HUF" and "Hindu
Undivided Family" were deleted in Form A. He contended that by
virtue of the said
software, the account had been migrated as an individual account from the account opened in favour of a Hindu Undivided Family. Subsequently, the complainant deposited ... that the PPF account of the complainant having No.0771571783 opened in the name of the Hindu Undivided Family prior to 13.05.2005, has matured
family to convert an
irregular account into a regular account. The petitioner and her family
members are covered and regulated by the PPF Scheme. Therefore ... doubt if there are two Hindu
Undivided Families, can each one of them open an individual PPF account.
18.The learned counsel for the petitioner
aged 79
years. He is also the Kartha of a Hindu undivided family. He was
originally residing in Ernakulam, and from the year ... Post Office to RA Puram Post Office, Chennai, in a new PPF
Account No.1782471163. Thereafter, the petitioner continued to make
deposits. The balance amount
aged 79
years. He is also the Kartha of a Hindu undivided family. He was
originally residing in Ernakulam, and from the year ... Post Office to RA Puram Post Office, Chennai, in a new PPF
Account No.1782471163. Thereafter, the petitioner continued to make
deposits. The balance amount
HUF account. The respondent
staff in confusion had considered the account as of
individual capacity presuming HUF as part ... account; the account was
opened. For 12 long years, the petitioner had deposited
money into the account under the Scheme as HUF. After
follows:-
The petitioner desirous of opening an account in the
name of Hindu Undivided Family ('HUF' for short) in the Public ... Hindu Undivided Family or an
Association of persons" were omitted. Therefore, from
13-05-2005 no PPF account could be opened by an HUF
petitioners had opened their respective public provident fund accounts
in the capacity of Hindu Undivided Family. The details of the said
accounts are given ... amendment was carried out in the PPF Scheme, 1968 to the effect
that the PPF (HUF) account could not be opened with effect
inserted, namely:-
'Provided further that an account opened on behalf of a Hindu
Undivided Family prior to the 13th day of May, 2005, shall ... loans taken by him. In the case of accounts
opened on behalf of Hindu Undivided Family, where fifteen
years from end of the year
