https://www.taxtmi.com/caselaws?id=98051 Retrenchment compensation payable on termination of employment was treated as wages within section 2(g)(vi) of the Payment of Wages Act, so authorised deductions for advances, rent and water tax were permitted under section 7. Deductions claimed in favour of a co-operative society were rejected because no traceable agreement or written requisition established the legal basis required for such deduction, and past remittances did not cure that defect. The official liquidator was directed to disburse retrenchment compensation in accordance with the Companies (Court) Rules and the prescribed forms, subject to safeguards for notice, identity verification, attestation and authorised receipt. en-us Fri, 12 Jul 1963 00:00:00 +0530 Thu, 19 Jan 2012 10:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98051 Retrenchment compensation payable on termination of employment was treated as wages within section 2(g)(vi) of the Payment of Wages Act, so authorised deductions for advances, rent and water tax were permitted under section 7. Deductions claimed in favour of a co-operative society were rejected because no traceable agreement or written requisition established the legal basis required for such deduction, and past remittances did not cure that defect. The official liquidator was directed to disburse retrenchment compensation in accordance with the Companies (Court) Rules and the prescribed forms, subject to safeguards for notice, identity verification, attestation and authorised receipt. Case-Laws Companies Law Fri, 12 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98051