Rule – 93, Arrangements on winding up, etc., of business

Published by Law@HostBooks at Last Updated on August 9th, 2018 at 4:22 pm Published on March 28, 2018

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93. Where the employer’s trade or undertaking 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, the 29[Chief Commissioner or Commissioner], make satisfac-tory arrangements for the payment of annuities to the existing employees or, on the death of the employees, to their widows, children or dependents.

Reference: www.incometaxindia.gov.in