Section 21: Regulations

21. Regulations (1) The Minister may, on the recommendation of the Board, make such regulations as he thinks fit for the purposes of this Act. (2) Regulations made under subsection (1) may provide— (a) for the terms and conditions on which loans may be granted to an associate; (b) for the rate at which every associate shall contribute to the Fund; (c) for the calculation of pensions payable to the beneficiaries of an associate in the event of the death of the latter; (d) that any person who contravenes them shall commit an offence and shall, on conviction, be liable to a fine not exceeding 10,000 rupees and to imprisonment for a term not exceeding 2 years. [S. 21 amended by Act 23 of 1988; s. 8 of Act 28 of 2001 w.e.f. 1 July 2001; repealed and replaced by s. 5 of Act 16 of 2008 w.e.f. 10 July 2008.] S40 – 11 [Issue 2] Statutory Bodies Family Protection Fund Act