Rule 325 — Arrangements for winding up, etc., of business

Parent Act Section(s): See cross-references below

Full Text

Arrangements for winding up, etc., of business.– Where the trade or undertaking of the employer is to be wound up or discontinued, the trustees shall, with the prior approval of, and subject to such conditions as may be imposed by, approving authority, make satisfactory arrangements for the payment of gratuity to the existing beneficiaries.

[To be populated — interpretive notes, circular references, case law pointers]