Rule 55. Manner of utilization of fund under sub-section (3) of section 83

Every employer who has retrenched a worker or workers under the Code, shall, within ten days from the date of retrenchment of a worker or workers, electronically or otherwise transfer an amount equivalent to fifteen days of last drawn wages of such retrenched worker or workers in the account of State Government (name of the account shall be displayed on the website of the Labour Department of Rajasthan) to be maintained by the State Government. The fund so received shall be transferred by the State Government to each worker or workers' account electronically or otherwise within forty five days of receipt of funds from the employer and the worker shall utilize such amount for his re-skilling. The employer shall also submit the list containing the name of each worker retrenched, the amount equivalent to fifteen days of wages last drawn in respect of each worker along with their bank account details to enable the State Government to transfer the amount in their respective account.