Section 13 of The Goa Labour Welfare Fund Act, 1986

Interest on unpaid accumulations or fine after notice of demand.—

1. (1)If an

employer does not pay to the Board any amount of unpaid accumulation or fines realised

from the employees, within the time specified by or under this Act, the Secretary may serve or cause to be served a notice on such employer to pay the amount within the period specified therein which shall not be less than thirty days from the date of service of such notice. [(1) If an employer does not pay to the Board any amount of unpaid accumulation or penalty realized from the employees, within the time specified by or under this Act, the

Secretary may serve or cause to be served a notice on such employer requiring payment

of the said amount within the period specified therein, which shall not be less than thirty days from the date of service of such notice.]

1. (2)If the employer fails, without sufficient cause, to pay any such amount within the

period specified in the notice, he shall, in addition to the amount, pay by way of penalty

to the Board simple interest—

1. (a)for the first three months at two per cent of the said amount for each complete

month or part thereof after the last date by which he should have paid it according to

the notice; and

1. (b)for each complete month or part thereof thereafter at four and a half per cent of that amount during the time he continues to make default in the payment of that amount: Provided that, the Secretary may subject to such conditions as may be prescribed, remit the whole or any part of the penalty in respect of any period.

1. (3)The Board shall have the powers to enhance the rate of interest mentioned in sub- section (2) above, subject to the conditions that such rate of interest shall in no case exceed the prevailing Bank rate of interest by more than 1%. 14.

employer and the Government shall, in respect of each such employee, contribute rupees three hundred and sixty and rupees two hundred and forty, respectively, per year to the Fund]

1. (2)Notwithstanding anything contained in any other law for the time being in force, but subject to the provisions of this Act and any rules made thereunder, the employer

deemed to be a deduction authorised by or under the Payment of Wages Act, 1936 (Central Act 4 of 1936).