https://www.taxtmi.com/caselaws?id=199686 Mere closure of a textile undertaking does not by itself terminate employment or end provident fund membership. Termination on closure arises only when the statutory closure and retrenchment requirements under the Industrial Disputes Act are complied with, including the prescribed notice and compensation regime. Because no such compliance was shown, the workmen were treated as remaining employees on the dates of their deaths, so their dependents retained entitlement to deposit-linked insurance benefits under the provident fund scheme. The court accordingly directed release of the insurance benefits with interest. en-us Tue, 29 Jan 1985 00:00:00 +0530 Fri, 09 Mar 2018 13:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199686 Mere closure of a textile undertaking does not by itself terminate employment or end provident fund membership. Termination on closure arises only when the statutory closure and retrenchment requirements under the Industrial Disputes Act are complied with, including the prescribed notice and compensation regime. Because no such compliance was shown, the workmen were treated as remaining employees on the dates of their deaths, so their dependents retained entitlement to deposit-linked insurance benefits under the provident fund scheme. The court accordingly directed release of the insurance benefits with interest. Case-Laws Companies Law Tue, 29 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199686