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TypeBare Act JurisdictionCentral Government

The Code on Wages, 2019 Section 31

Payment of bonus out of allocable surplus

~1 min read
https://sooperkanoon.com/act/147492

Bare act section · Research

About this section

The Code on Wages, 2019 Section 31 is part of The Code on Wages, 2019 - Payment of bonus out of allocable surplus. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of other establishment, of the available surplus and the available surplus shall be the amount calculated in accordance with section 33.
(2) Audited accounts of companies shall not normally be questioned.
(3) Where there is any dispute regarding the quantum of bonus, the authority notified by the appropriate Government having jurisdiction may call upon the employer to produce the balance sheet before it, but the authority shall not disclose any information contained in the balance sheet unless agreed to by the employer.

Frequently asked questions

What does The Code on Wages, 2019 Section 31 provide?

Section Section 31 of the The Code on Wages, 2019 (Payment of bonus out of allocable surplus) is reproduced on this page as part of the The Code on Wages, 2019. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on The Code on Wages, 2019 Section 31?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference The Code on Wages, 2019 Section 31. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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