Employee's Provident Funds Miscellaneous Provisions Act, 1952
10. Protection against attachment
(1) The amount standing to the credit of any
member in the Fund [or of any exempted employee in a provident fund] shall not
in any way be capable of being assigned or charged and shall not be liable to
attachment under any decree or order of any Court in respect of any debt or
liability incurred by the member [or the exempted employee], and neither the
official assignee appointed under the Presidency Towns Insolvency Act, 1909,
nor any receiver appointed under the Provincial Insolvency Act, 1920, shall be
entitled to, or have any claim on, any such amount.
(2) Any amount standing to the credit of a
member in the Fund or of an exempted employee in a provident fund at the time
of his death and payable to his nominee under the Scheme or the rules of the
Provident Fund shall, subject to any deduction authorized by the said Scheme or
rules, vest in the nominee and shall be free from any debt or other liability
incurred by the deceased or the nominee before the death of the member or of
the exempted employee [and shall also not be liable to attachment under any
decree or order of any Court.]
(3) The provisions of sub-section (1) and
sub-section (2) shall, so far as may be, apply in relation to the family
pension or any other amount payable under the 33[Pension] Scheme 11[and
also in relation to any amount payable under the Insurance Scheme] as they
apply in relation to any amount payable out of the Fund.]