Gratuity payment arrangements require trustees to obtain approving authority's prior approval and comply with imposed conditions on winding up. When an employer's trade or undertaking is to be wound up or discontinued, trustees must, with the prior approval of and subject to conditions imposed by ... Summary
Gratuity payment arrangements require trustees to obtain approving authority's prior approval and comply with imposed conditions on winding up.
When an employer's trade or undertaking is to be wound up or discontinued, trustees must, with the prior approval of and subject to conditions imposed by the approving authority, make satisfactory arrangements for payment of gratuity to existing beneficiaries.
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