Approved gratuity fund definitions clarify beneficiary, fund, trust, and trustee for gratuity arrangements. Approved gratuity funds are governed by defined expressions for the purposes of this Part. A beneficiary is the person described in clause (b) of rule 3 ... Summary
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Approved gratuity fund definitions clarify beneficiary, fund, trust, and trustee for gratuity arrangements.
Approved gratuity funds are governed by defined expressions for the purposes of this Part. A beneficiary is the person described in clause (b) of rule 3 of Part C of the Fourth Schedule for whom gratuity is provided. A fund means a gratuity fund. A trust means the trust under which the fund is established, and trustee means a trustee of that trust.
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