(1) Regardless of what is written in the prevailing law, it shall be as follows in relation to the following matters:-
(a) The employee's shares shall not be entitled to any portion of the amount deposited in the employee's personal account in the fund,
(b) that the amount received by the employee from the fund is not subject to a creditor's claim on the judgment of the court or on any other basis,
(c) Under the prevailing law, the amount received by the employee cannot be deducted from the fund in cases where the amount is to be recovered or the amount is to be recovered,
(d) The amount received by the employee from the fund shall not be deducted in case of government funds-penal dues,
(e) No income tax shall be levied on the amount held in the employee's personal account in the fund or received by the employee on account of the profits of the fund,
(f) In case the fund is invested in a company or a loan is taken from the fund, when the company is dissolved and its equity is distributed, the fund shall have the first right over the equity of such company for the amount remaining due to the investment of the fund, the dividend thereof and the repayment of the loan,
(g) If the fund is yet to receive any amount from a person, if the property of such person falls under the control of the creditors, his property shall have the first right for the amount to be collected by the fund,
(h) If the fund is unable to recover the entire amount from the property mortgaged with an organized organization, it may recover the remaining amount from other assets of such organized organization in accordance with the prevailing law,
(i) If a person fails to pay the amount of loan, advance, loan or interest due to the fund in accordance with the document made by him, after thirty-five days after that time has passed, the house, land or any other property that such person has mortgaged or mortgaged to the fund or the surety has written as surety, the fund will auction the house, land or any other property. can recover such amount by sale and in this way, if no one is able to collect it during the auction sale, the fund can seize such property,
(j) The Fund has mortgaged any property by deed to take possession of the mortgage or loan within the time limit specified in the deed.The right of the fund over the mortgage does not expire just because the action to recover it has not been initiated,
(k) The Fund may grant a loan or mortgage to any person on security of immovable property for a period exceeding five years.
(2) According to clause (i) of sub-section (1), the fund shall send in writing to the property office or the relevant office for cancellation of registration and cancellation of the assets received by the fund, and if such a letter is received, such office shall register, file and cancel accordingly in the registry in its office. br> (3) Funds received for one purpose shall not be spent for another purpose.