National Retirement Scheme Act · s 49

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s 49Joint and several liability by bodies corporate etc.

(1)

Notwithstanding anything to the contrary in this Act or any other written laws, where any contribution remaining unpaid by a body corporate, partnership, association or body of persons —

(a)

the directors or former directors of such body corporate;

(b)

the partners or former partners of such partnership; or

(c)

the members or office bearers of such association or body of persons, as the case may be, during such period in which contributions were liable to be paid shall, together with the body corporate, partnership, association or body of persons liable to pay contributions, be jointly and severally liable for the contributions due and payable to the Fund.

(2)

In this section, “contribution” includes any dividend, service charge and penalties due to any contribution charged by the Board under this

Act or any regulations made thereunder.