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Employees Provident Fund EPF Act 1991 Malaysia

Employees Provident Fund EPF Act 1991 Malaysia

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Published by: SeekHRHelp.com on Nov 11, 2009
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11/09/2012

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LAWS OF MALAYSIA
Act 452
EMPLOYEES PROVIDENT FUND
ACT
1991
 
3
LAWS OF MALAYSIA
Act 452
EMPLOYEES PROVIDENT FUND
ACT
1991
ARRANGEMENT OF SECTIONS
PART
I
PRELIMINARY
Seclion
1. Short title and commencement.2. Interpretation.
PART II
THE BOARD AND THE INVESTMENT PANEL
3. Establishment of the Board.4. Membership of the Board.5. Alternate members.6. Tenure of office.7. Resignation and revocation.8. Vacation of office.9. Chairman and six other members to form quorum of the
Board.
10. Chairman to have casting vote.11. Power of Minister to give directions.12. Duty to furnish the Minister with information.13. Authentication of seal.14. Powers and duties of the Board.15. General reserve and other reserve accounts.16. Board may establish any committee.17. Power to grant loans and make advances to its officers andservants.18. Establishment and membership of the Investment Panel.19. Vacation of office.20. Quorum and conduct of proceedings.21. The Chairman of the Investment Panel to have casting vote.22. Disqualification from membership of the Board and theInvestment Panel.23. Disclosure of interest.
 
[Arrangement of Sections]
4 ACT 452
PART III
THE FUND
Section
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.34.
35.36.
37.
38.
39.
Establishment of Employees Provident
Fund.
Board shall be trustee of the Fund.
Investment of the Fund.
Declaration of dividend.
Provision for advancement from the Pederal ConsolidatedFund.Audit of the Fund's annual accounts.
PART IV
APPOINTMENT OF OFFICERS AND SERVANTS,THEIR POWERS,FUNCTIONS AND DUTIES
Appointment of General Manager, Deputy General
Managers, Assistant General Managers and other officers
and servants of the Board.
Establishment of a Disciplinary Committee in respect of Deputy General Managers, Assistant General Managers,and other officers and servants of the Board.Imposition of surcharge.Establishment of a Promotion Committee in respect of officers and servants of the Board.
Appointment of Inspectors, their powers, functions andduties.
Powers of entry, examination and search.Obstruction to exercise of powers by an Inspector.Power to examine persons.
Powers of General Manager to ask for information and
application for search warrant.
The General Manager may issue certificate to Inspector
General of Police or the Director General of Immigration
to prevent any person Ieaving Malaysia in certain
circumstances.

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