(1) Where any employee has taken an advance
from the Fund prior to the commencement of this Section, the principal and
interest due and payable by him or her out of the amount so taken as advance
shall be deducted from the Fund deduction amount accumulated in his or her
name and reconciliation of amounts shall be made accordingly.
(2) If reconciliation of amounts is made pursuant to Sub-section (1) and such
an employee wishes to again withdraw amount from the Fund, only the
remaining amount to be set by deduction the already withdrawn amount
from the amount as referred to in Sub-section (1) of Section 14 shall be
allowed for withdrawal.
Provided that, he or she shall not be entitled to again withdraw amount prior
to the completion of Two years after the date of withdrawal of amount or
taking advance from the Fund.
(3) If an employee who has borrowed the home loan from the Fund wishes
to have the reconciliation of amounts from the Fund deduction amounts, he
or she may have such reconciliation pursuant to Sub-section (1).