Rule 58. Manner utilization of the Reskilling Worker Fund

of 57. (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 accounts of the Fund constituted under section 83(1) of the Code.

(2) The amount received under sub-rule (1) shall be transferred by the Office of the Labour Commissioner/ Office of the Deputy Labour Commissioner/Office of the Assistant Labour Commissioner 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, Office of the Labour Commissioner /Office of the Deputy Labour Commissioner /Office of the Assistant Labour Commissioner.