Social Welfare Act, 1991
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Amendment of section 285 (2) of Companies Act, 1963. |
37.— Section 285 (2) (e) of the Companies Act, 1963 (as extended by section 45 of the Act of 1990) is hereby amended by the substitution for paragraph (e) of the following paragraph: | |
“(e) unless the company is being wound up voluntarily merely for the purposes of reconstruction or of amalgamation with another company— | ||
(i) all amounts due in respect of contributions which are payable during the 12 months next before the relevant date by the company as the employer of any persons under the Social Welfare Acts, and | ||
(ii) all amounts due in respect of contributions which would have been payable under the provisions of section 10 (1) (b) of the Social Welfare (Consolidation) Act, 1981 , by the company as the employer of any persons in respect of any remuneration in respect of any period of employment during the 12 months next before the relevant date even if such remuneration is paid after the relevant date.”. |