Provident Fund Distribution Rules

Summary

Provident fund distribution of unrestricted retained earnings depends on fund-specific rules and local laws. Some funds may allow distribution to current members only, while others may require distribution to all members, including former ones. Check the specific regulations of your provident fund and consult a local attorney for detailed guidance.

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Can a provident fund distribute unrestricted retained earnings to current members only?
In general, the distribution of unrestricted retained earnings by a provident fund can depend on the specific rules and regulations governing the fund, as well as local laws.
- Provident funds usually have strict regulations on how funds can be distributed.
- Some funds may allow distribution to current members, while others may require distribution to all members, both current and former.
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