https://www.taxtmi.com/acts?id=52658 Employers must send a memorandum of any lump-sum compensation agreement to the competent authority, which, after verifying genuineness and observing a seven-day notice period, records it in a prescribed register; the authority may rectify or refuse registration for inadequacy, fraud or undue influence and make orders about sums already paid. Registered agreements are enforceable under this Code despite the Indian Contract Act. Failure to send the memorandum renders the employer liable for full statutory compensation and limits deductions to half of amounts paid unless the competent authority directs otherwise. en-us Mon, 12 Jan 2026 17:58:14 +0530 Tue, 20 Jan 2026 15:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52658 Employers must send a memorandum of any lump-sum compensation agreement to the competent authority, which, after verifying genuineness and observing a seven-day notice period, records it in a prescribed register; the authority may rectify or refuse registration for inadequacy, fraud or undue influence and make orders about sums already paid. Registered agreements are enforceable under this Code despite the Indian Contract Act. Failure to send the memorandum renders the employer liable for full statutory compensation and limits deductions to half of amounts paid unless the competent authority directs otherwise. Act-Rules Labour laws Mon, 12 Jan 2026 17:58:14 +0530 https://www.taxtmi.com/acts?id=52658