CS Executive · Setting Up of Business, Industrial and Labour Laws · The Industrial Relations Code, 2020
Under the Industrial Relations Code, 2020, a worker of Kaveri Engineering Ltd is retrenched on 1 March. Within what time must fifteen days wages be credited to the retrenched worker's account from the worker re-skilling fund?
The credit must be made within forty-five days of the retrenchment. The Code says the fund is used by crediting fifteen days wages last drawn by the retrenched worker to his account within that period, in the prescribed manner.
- AWithin seven days of retrenchment
- BWithin thirty days of retrenchment
- CWithin forty-five days of retrenchmentCorrect
- DWithin ninety days of retrenchment
Explanation
The fund is utilised by crediting fifteen days wages last drawn by the retrenched worker to his account within forty-five days of the retrenchment, in the prescribed manner. Thirty and ninety days are not the period stated.
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