RULE 29- WRONGFUL USE OF MONEY WITHHELD OR WITHDRAWN
29. Wrongful use of Money Withheld or Withdraw
Notwithstanding anything contained in these rules, if the sanctioning authority is satisfied that money withheld or withdrawn from the Fund under clause (a) Or clause (b) of rule 17 has been utilized for a purpose other than that for which sanction was given to the withholding or withdrawal of the money, the amount in question, shall forthwith be repaid or paid, as the case may be, by subscriber to the Fund, or in default, be ordered to be recovered by deduction in one sum from the emoluments of the subscriber even if he be on leave.
It the total amount to be repaid or paid, as the case may be, be more than half the subscriber’s emoluments, recoveries shall be made in monthly installments of moieties of his emoluments till the entire amount is repaid or paid, as the case may be, by him.
NOTE– The term ’emoluments’ in this rule does not include subsistence grant
RULE 30- RESTRICTION OF THE PROVISIONS RELATING TO FINANCING OF POLICIES TO EXISTING SUBSCRIBERS IN RESPECT OF EXISTING POLICIES
30. Restriction of the Provisions Relating to financing of Policies to Existing Subscribers in Respect of Existing Policies
The provisions of rules 17 to 29 shall apply only to subscribers who before the date of publication of these rules, have been substituting in whole or in part, payments towards policies of life insurance for subscriptions to the fund or making withdrawals from the Fund for such payments:
Provided that such subscribers shall not be permitted to substitute such payments for subscriptions due to the Fund or to withdraw from Fund for making such payments in respect of any new policy.