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Part II · Personal Insolvency: Principles

35. Contributions and entitlements under provident funds, employees trust funds, pensions and statutory gratuities

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

(1)

Contributions, entitlements, or amounts payable under any provident fund, employees trust fund, pension established for the benefit of employees in any employment or statutory gratuity —

(a)

shall constitute protected property; and

(b)

shall not constitute after-acquired property under this Act.

(2)

For the purposes of this Act, amounts paid in respect of a debtor by an employer of the debtor under any provident fund, employees trust fund or pension established for the benefit of employees, or statutory gratuity —

Rescue, Rehabilitation and Insolvency

(a)

shall not constitute after-acquired property under this Act; and

(b)

shall not constitute income of the debtor.

(3)

Where a debtor who is a party to a personal insolvency procedure is in receipt of payments under any provident fund, employees trust fund or pension established for the benefit of employees, these payments shall not constitute after-acquired property, but shall constitute income for the purposes of —

(a)

establishing terms of a Debt Restructuring

Arrangement under section 47; and

(b)

the making of a Bankruptcy Debt Repayment

Order or Bankruptcy Debt Repayment Agreement under section 125 and section 126, respectively.

(4)

Nothing in this section shall remove the obligation of a debtor under a personal insolvency procedure to make full disclosure of property in a statement of the debtor’s financial affairs.

Part III

Debt Protection Moratorium Order

Part IV

Debt Restructuring Arrangements

Part V

Debt Rehabilitation Orders

Part VI

Part VII

Personal Insolvency Register

Part VIII

Part IX

Part X

Compromises

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Part XII

Part XIII

Part XIV

Cross - Border Insolvency

Part XV

Part XVI

Part XVII

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