Rule 107: Arrangements for winding up, etc., of business

The Income-tax Rules, 1962Central Act · 1962

Arrangements for winding up, etc., of business.

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 Chief Commissioner or Commissioner, make satisfactory arrangements for the payment of gratuity to the existing beneficiaries.

Where this provision sits

Act	The Income-tax Rules, 1962
Rule	107
Marginal note	Arrangements for winding up, etc., of business
Jurisdiction	Central
Status	In force as published by the source

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