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<h1>Rule 93: Employer's Business Closure Requires Trustee-Managed Annuities for Employees and Dependents with Commissioner Approval.</h1> Rule 93 of the Income-tax Rules, 1962, addresses the winding up or discontinuation of an employer's business in relation to approved superannuation funds. It mandates that trustees, with prior approval and under conditions set by the Chief Commissioner or Commissioner, must arrange for the payment of annuities to current employees. In the event of an employee's death, these payments should be made to their widows, children, or dependents.