11Priority of payment of contributions and bonus over other debt
The amount due in respect of any contribution or bonus under a scheme framed under this Act or any charges incurred in respect of the administration of any such scheme, shall, where the liability therefore has accrued before the persons liable has been adjudicated insolvent or, in the case of a company ordered to be wound up, before the date of such order, be deemed to be included among the debts which, under section 49 of the Presidency-towns Insolvency Act, 1909 (3 of 1909), or under section 61 of the Provincial Insolvency Act, 1920 (5 of 1920), or under section 230 of the 1[Companies Act, 1956 (1 of 1956),] are to be paid in priority to all other debts in the distribution of the property of the insolvent or the assets of a company being wound up, as the case may be.
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1. Subs. by Act 23 of 1996, s. 8, for certain words (w.e.f. 31-3-1998).
- 1 Short title and extent
- 2 Interpretation
- 3 Coal Mines Provident Fund Scheme
- 3A Constitution of Board of Trustees
- 3B Board of Trustee to be a body corporate
- 3C Appointment of officers
- 3D Transfer of accounts
- 3E Coal Mines Pension Scheme
- 3F Special grant by Central Government
- 3G Coal Mines Deposit-linked Insurance Scheme
- 4 Fund to be recognised under Act 43 of 1961
- 5 Coal Mines Bonus Scheme
- 6 Retrospective operation of a scheme
- 7 Modification of a schem
- 7A Schemes to be laid before Parliamen
- 7B Determination of moneys due from employers
- 8 Protection against attachmen
- 9 Penalty
- 10 Inspector
- 10A Mode of recovery of money due from an employe
- 10B Determination of employer in certain cases
- 10C Delegation of power
- 10D Payment of contribution by employers and recovery thereof from member
- 10E Recovery of monies by employers and contractors
- 10F Power to recover damages
- 11 Priority of payment of contributions and bonus over other debt
- 11A Protection for acts done in good faith
- 11B Power to remove difficultie
- 11C Power to exemp
- 11D Act to have effect notwithstanding anything contained in Act 31 of 1956
- 12 Repeal of Ordinance 7 of 1948