Ministry of Finance issues Gazette Notification relating to 7th Pay Commission RecommendationsPrint this
(2) Save as otherwise provided in this Act,–– (a) sections 2 to 85 shall come into force on the 1st day of April, 2022; (b) sections 100 to 114 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. ...
retrenchment benefits, contributions under a scheme of superannuation and remuneration in respect of vacation leave, up to a certain limit prescribed by order in the Gazette) rank ahead of floating charges and must accordingly be paid out of property subject ...
In general, there are no enforceability concerns in said situation, except that there is a possibility that the guarantee may be subject to avoidance in the bankruptcy proceedings of the guarantor. Directors may, however, be personally in breach of their duty of care under the Companies Act (Ac...