Para 12.18 — MSO

TEMPORARY WITHDRAWALS

12.18 When a subscription is paid for the first time or a revised rate is adopted it should be seen that the amount of subscription is within the minimum and maximum rates prescribed by the rules of the Fund. In the case of subscriptions paid subsequently, it should be seen that the amount paid agrees with the rate adopted in the first month of the year except when a variation of rate is allowed during the course of the year under the rules of the Fund. For all months of the year it should also be seen that all compulsory subscriptions are paid except when an exemption or a lower rate is allowed. Whenever a subscription is discontinued by a subscriber, it should be seen that the discontinuance is permissible.

NOTE:-Any overpayment or short payment of subscription to the Fund in any one month may be adjusted by deduction from, or addition to, the subscriptions, in the subsequent month, wherever possible. There is, however, no warrant for refusal of cash payment or recovery if a subscriber so desires.