March 28, 2018

Rule – 109, Application for approval

109. (1) The application for approval of a gratuity fund under sub-rule (1) of rule 4 of Part C of the Fourth Schedule shall contain the following information :— (a) […]
March 28, 2018

Rule – 108, Arrangements for winding up of the fund

108. Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and to such conditions as […]
March 28, 2018

Rule – 107, Arrangements for winding up, etc., of business

107. Where the employer’s trade or undertaking is to be wound up or discontinued, the trustees shall, with the prior approval of, and subject to such conditions as may be […]
March 28, 2018

Rule – 106, Employer not to have interest in fund moneys

106. No money belonging to the fund shall be receivable by the employer under any circumstances nor shall the employer have any lien or charge on the fund. Reference: www.incometaxindia.gov.in
March 28, 2018

Rule – 105, Penalty if employee assigns or charges interest in fund

105. If an employee assigns or creates a charge upon his beneficial interest in a fund, the 46[Assessing Officer] shall give notice to the employee that if he does not […]
March 28, 2018

Rule – 104, Initial contributions

45104. The amount to be allowed as a deduction on account of an initial contribution which an employer may make in respect of the past services of an employee admitted […]
March 28, 2018

Rule – 103, Ordinary annual contributions

43103. The ordinary annual contribution by the employer to a fund shall be made on a reasonable basis as may be approved by the 44[Chief Commissioner or Commissioner] having regard […]
March 28, 2018

Rule – 102, Admission of directors to a fund

102. Where the employer is a company42 as defined in clause (i) of sub-section (1) of section 3 of the Companies Act, 1956 (1 of 1956), a director of the […]
March 28, 2018

Rule – 101A, Nomination

101A. (1) An employee may be allowed by the trustees of the gratuity fund to make a nomination conferring on one or more persons the right to receive the amount […]
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