OHBEPF Rules 13

Section 13 · Borrowing from the fund and recoveries

- (A) At the discretion of the Chairman a temporary advance, not exceeding in any case, the subscriber's own subscription and interest thereon may be granted to a subscriber on application out of the amount standing to his credit in the fund, subject to the following condition, namely :(A)No advance shall be granted unless the Chairman is satisfied that the applicant's pecuniary circumstances justify it, and an undertaking is given that it will be expended on any of the following objects and not otherwise :(i)to pay expenses incurred in connection with the prolonged illness of the subscriber or any member of his family or in special circumstances, of any other person entirely dependent upon him;(ii)to pay obligatory expenses in a scale appropriate to the subscriber's status in connection with marriage, funeral or any ceremony relating to any person, referred to in Clause (i);(iii)to meet any other expense or liability, which in the opinion of the Chairman is extraordinary and beyond the ordinary means of the subscriber:Provided that an advance shall not, except for special reasons to be recorded in writing by the Chairman-

(1)

exceed three months' pay or half the amount of the subscriber's own subscription to the fund and interest thereon, whichever is less; or

(2)

be granted until at least twelve months after the final repayment of all previous advances together with interest thereon has elapsed unless the amount already advanced does not exceed two-thirds of the amount admissible under Sub-clause (1).

(B)

(a)

An advance shall be recovered from the subscriber in such number of equal monthly instalments as the Chairman may direct but such number shall, in no case be less than twelve unless the subscriber otherwise elects and more than twenty-four. A subscriber may at his opinion, repay more than one instalment in one month. Each instalment shall be a number of whole rupees the amount of the advance being raised or reduced, if necessary, to admit of the fixation of such instalments.

(b)

Recoveries shall commence when the subscriber draws his pay for the full month for the first time after the advance is made. Recovery shall not be made, except with the subscriber's consent, while he is on leave or in receipt of subsistence allowance.

(c)

Recoveries made under this rule shall be credited as they are made to the subscriber's account in the fund.

(C)

(a)If more than one advance has been granted to a subscriber, the balance of any such previous advance (s) not recovered shall be added to the advance so sanctioned and the instalment for recovery shall be fixed with reference to the consolidated amount.

(b)The application for sanction of temporary advance/withdrawal should be made in Form No. III.

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