Title : Special Provisions with Respect to Certain Establishments
State : Central
Year : 1965
1[( 1 ) Where an establishments newly set up, whether before or after the commencement of this Act, the employees of such establishment shall be entitled to be paid bonus under this Act in accordance with the provisions of sub-sections ( 1 A), ( 1B ) and ( 1 C). ( 1 A) In the first five accounting year following the accounting year in which the employer sells the goods produced or manufactured by hi m or renders services, as the case may be, from such establishment, bonus shall be payable only in respect of the accounting year in which the employer derives profit from such establishment and such bonus shall be calculated in accordance with the provisions of this Act in relation to that year, but without applying the provisions of section 15 . ( 1B ) For the sixth and seventh..... View Complete Act List Judgments citing this sectionTitle : Adjustment of Customary or Interim Bonus Against Bonus Payable Under the Act
State : Central
Year : 1965
Whether in any accounting year (a) an employer has paid any puja bonus or other customary bonus to an employee; or (b) an employer has paid a part of the bonus payable under this Act to an employee before the date on which such bonus becomes payable, then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Act in respect of that accounting year and the employee shall be entitled to receive only the balance. View Complete Act List Judgments citing this sectionTitle : Deduction of Certain Amounts from Bonus Payable Under the Act
State : Central
Year : 1965
Where in any accounting year, an employee is found guilty of misconduct causing financial loss to the employer, then, it shall be lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee under this Act in respect of that accounting year only and the employee shall be entitled to receive the balance, if any. View Complete Act List Judgments citing this sectionTitle : Time-limit for Payment of Bonus
State : Central
Year : 1965
1 [All amounts] payable to an employee by way of bonus under this Act shall be paid in cash by his employer- (a) where there is a dispute regarding payment of bonus pending before any authority under section 22, within a month from the date on which the award becomes enforceable or the settlement comes into operation, in respect of such dispute; (b) in any other case, within a period of eight months from the close of the accounting year: Provided that the appropriate Government or such authority as the appropriate Government may specify in this behalf may, upon an application made to it by the employer and for sufficient reasons, by order, extend the said period of eight months to such further period or periods as it thinks fit; so, however, that the total period so extended shall..... View Complete Act List Judgments citing this sectionTitle : Application of Act to Establishments in Public Sector in Certain Cases
State : Central
Year : 1965
1 [(1)] If in any accounting year an establishment in public sector sells any goods produced or manufactured by it or renders any services, in competition with an establishment in private sector, and the income from such sale or services or both is not less than twenty per cent of the gross income of the establishment in public sector for that year, then, the provisions of this Act shall apply in relation to such establishment in public sector as they apply in relation to a like establishment in private sector. 2 [(2) Save as otherwise provided in sub-section (1), nothing in this Act shall apply to the employees employed by any establishment in public sector.] _______________________ 1. The brackets and figure (1) omitted by Act 23 of 1976, section 14 (w.r.e.f. 25-9-1975) and..... View Complete Act List Judgments citing this sectionTitle : Recovery of Bonus Due from an Employer
State : Central
Year : 1965
Where any money is due to an employee by way of bonus from hi s employer under a settlement or an award or agreement, the employee hi mself or any other person authorised by hi m in writing in this behalf, or in the case of the death of the employee, hi s assignee or heirs may, without prejudice to any other mode of recovery, make an application to the appropriate Government for the recovery of the money due to hi m, and if the appropriate Government or such authority as the appropriate Government may specify in this behalf is satisfied that any money is so due, it shall issue a certificate for that amount to the Collector who shall proceed to recover the same in the same manner as an arrears of land revenue: Provided that every such application shall be made within one year from the..... View Complete Act List Judgments citing this sectionTitle : Reference of Disputes Under the Act
State : Central
Year : 1965
Where any dispute arises between an employer and his employees with respect to the bonus payable under this Act or with respect to the application of this Act to an establishment in public sector, then, such dispute shall be deemed to be an industrial dispute within the meaning of the Industrial Disputes Act, 1947 (14 of 1947), or of any corresponding law relating to investigation and settlement of industrial disputes in force in a State and the provisions of that Act or, as the case may be, such law, shall, save as otherwise expressly provided, apply accordingly. View Complete Act List Judgments citing this sectionTitle : Presumption About Accuracy of Balance-sheet and Profit and Loss Account of Corporations and Companies
State : Central
Year : 1965
(1) Where, during the course of proceedings before any arbitrator or Tribunal under the Industrial Disputes Act, 1947 ( 14 of 1947 ), or under any corresponding law relating to investigation and settlement of industrial disputes in force in a State (he reinafter in this section1[and in2[sections 24 and 25 ] referred to as the "said authority") to which any dispute of the nature specified in section 22 has been referred, the balance-sheet and the profit and loss account of an employer, being a corporation or a company (other than a banking company), duty audited by the Comptroller and Auditor-General of India or by auditors duly qualified to Act as auditors of companies under sub-section ( 1 ) of section 226 of the Companies Act, 1956 ( 1 of 1956 ), are produced before it, then, the said..... View Complete Act List Judgments citing this sectionTitle : Audited Accounts of Banking Companies Not to Be Questioned
State : Central
Year : 1965
1[Audited accounts of banking companies not to be questioned ( 1) Where any dispute of the nature specified in section 22 between an employer, being a banking company, and its employees has been referred to the said authority under that section and during the course of proceedings the accounts of the banking company duly audited are produced before it, the said authority shall not permit any trade union or employees to question the correctness of such accounts, but the trade union or the employees may be permitted to obtain from the banking company such information as is necessary for verifying the amount of bonus due under this Act. ( 2) Nothing contained in sub-section ( 1) shall enable the trade union on the employees to obtain any information which the banking company is not..... View Complete Act List Judgments citing this sectionTitle : Audit of Accounts of Employers, Not Being Corporations or Companies
State : Central
Year : 1965
(1) Where any dispute of the nature specified in section 22 between an employer, not being a corporation or a company, and his employees has been referred to the said authority under that section and the accounts of such employer audited by any auditor duly qualified to act as auditor of companies under sub-section (1) of section 226 of the Companies Act, 1956 (1 of 1956), are produced before the said authority, the provisions of section 23, shall, so far as may be, apply to the accounts so audited. (2) When the said authority finds that the accounts of such employer have not been audited by any such auditor and it is of opinion that an audit of the accounts of such employer is necessary for deciding the question referred to it, then, it may, by order direct the employer to get his..... View Complete Act List Judgments citing this section