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Section 47 - Code on Social Security Act, 2020
47. Contributions, etc., due to Corporation to have priority over other debts.-
Notwithstanding anything contained in any other law for the time being in force, any amount due under this Chapter shall be the charge on the assets of the establishment to which it relates and shall be paid in priority in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 (31 of 2016).
Related Sections
- Section 125: Assessment and determination of dues from employer
- Section 43: Liability of owner or occupier of factories, etc, for excessive sickness benefit
- Section 18: Fund to be recognised under Act 43 of 1961
- Section 159: Rules to give effect to arrangements with other countries for the transfer of money paid as compensation
- Section 25: Employees' State Insurance Fund
Related Acts
* Only for reference.