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Part V · Institute of Fundamental Studies Provident Fund

29. Deductions from. Provident Fund first charge

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Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Notwithstanding anything in the preceding provi-sions of this Part and without prejudice to any other right or remedy, the amount of any loss or damage sustained hy the Institute, by reason of the dishonesty or negligence of a contributor at any time during the period of his employment by the Institute, shall be a first charge upon the amount lying to the credit of the account of that contributor in the

Provident Fund ; and such amount may be deducted at the time eny payment is made in accordance with the pro-visions of section 28.

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