Section 17: Insolvency and habitual indebtedness

AAI Employee (CDA) RegulationCentral Regulations · 1994

(1) An employee shall avoid habitual indebtedness or insolvency unless he proves that such indebtedness or insolvency is the result of circumstances beyond his control and does not proceed from extravagance or dissipation.

(2) An employee who applied to be, or is adjudged or declared insolvent shall forthwith report the fact to the competent Authority.

Where this provision sits

Act	AAI Employee (CDA) Regulation
Section	17
Marginal note	Insolvency and habitual indebtedness
Jurisdiction	Central
Status	In force as published by the source

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