Workmen and employee claims in voluntary liquidation require notified proof, consolidated filing, and admission based on account books. Claims by workmen and employees in voluntary liquidation must be submitted to the liquidator in the notified form, personally, by post, or electronically. For multiple dues, an authorised representative may file one consolidated claim. Proof may be based on information utility records or other documents showing employment, demand and non-payment, or a court or tribunal order. If no claim is made, the liquidator must admit the claim on the basis of the corporate person's books of account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Workmen and employee claims in voluntary liquidation require notified proof, consolidated filing, and admission based on account books.
Claims by workmen and employees in voluntary liquidation must be submitted to the liquidator in the notified form, personally, by post, or electronically. For multiple dues, an authorised representative may file one consolidated claim. Proof may be based on information utility records or other documents showing employment, demand and non-payment, or a court or tribunal order. If no claim is made, the liquidator must admit the claim on the basis of the corporate person's books of account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
