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Section 121 - Code on Social Security Act, 2020
121. Writing off of losses.-
Subject to the conditions as may be prescribed by the appropriate Government, where any of the Social Security Organisations is of the opinion that the amount of contribution, cess, interest and damages due to it, under this Code, is irrecoverable, the concerned Social Security Organisation may sanction the writing off of the said amount in such manner as may be prescribed by the appropriate Government:
Provided that in the case of Provident Fund, Pension Fund or Insurance Fund, such writing off shall be specified in the Provident Fund Scheme or Pension Scheme or Insurance Scheme, as the case may be.
Related Sections
- Section 43: Liability of owner or occupier of factories, etc, for excessive sickness benefit
- Section 11: Supersession of Corporation, Central Board, National Social Security Board or State Unorganised Workers' Board or the Building Workers' Welfare Board
- Section 105: Appeal to appellate authority
- Section 20: Chapter not to apply to certain establishments
- Section 67: Creche facility
Related Acts
- New Delhi International Arbitration Centre Act, 2019
- Maternity Benefit (Amendment) Act, 2017
- Indian Institutes of Information Technology (Amendment) Act, 2017
- National Commission for Indian System of Medicine Act, 2020
- National Institutes of Technology, Science Education and Research (Amendment) Act, 2017
* Only for reference.