Workmen's Compensation Act, 1934

Weekly payment agreement.

47.—Where an employer and a workman enter into an agreement (in this Act referred to as a weekly payment agreement) fixing the amount of the weekly payment to be made to such workman under this Act, such agreement shall not, nor shall the payment of the sum payable thereunder operate to fix the amount of such weekly payment unless and until it is duly registered under this Part of this Act, but on being so registered such agreement shall as from the date thereof operate and have effect as if it were an order of the Court fixing the amount of such weekly payment.