Employees Compensation Act, 1923
Section - 7 - Commutation of half-monthly payments
Commutation of half-monthly payments.7. Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the Commissioner be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the Commissioner, as the case may be.
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