Section 14A: Compensation to be first charge on assets transferred by employer
The Workmen's Compensation Act, 1923State Act of Rajasthan · Act 8 of 1923
Where an employer transfers his assets before any amount due in respect of any compensation, the liability wherefor accrued before the date ������������������������������������������ 1 Subs, by Act 30 of 1995, sec. 7, for “section 230 of the Indian Companies Act, 1913 (7 of 1913)” (w.e.f. 15-9-1995).
2 Ins. by Act 8 of 1959, sec. 10 (w.e.f. 1-6-1959).
Case Law � 16(3) The Workmen's Compensation Occupational Diseases (Punjab) Rules, 1964 � of the transfer, has been paid, such amount shall, notwithstanding anything contained in any other law for the time being in force, be a first charge on that part of the assets so transferred as qonsists of immovable property.]