Rule 39. Manner of utilisation of fund

(1) Every employer who has retrenched a worker or workers in his industrial establishment under the Code, shall, within ten days from the date of such retrenchment, electronically transfer an amount equivalent to fifteen days of last drawn wages of such retrenched worker or workers into the account of the Assistant Commissioner of Labour having jurisdiction over the establishment (name of the account shall be displayed on the website of the State Labour Department).

(2) The fund so received under sub-rule (1) shall be transferred by the Office of the Assistant Commissioner of Labour electronically to each of the retrenched worker account or retrenched workers‘ accounts, as the case may be, within forty-five days of retrenchment to enable him utilise that amount for his re-skilling.

(3) The employer shall also submit the list containing the name of each retrenched worker, the amount equivalent to fifteen days of wages last drawn by such retrenched worker along with his bank account details, to the Office of the Assistant Commissioner of Labour, Deputy Commissioner of Labour and the Joint Commissioner of Labour having jurisdiction over the establishment.