Bare Act Search Results

Payment of Bonus Act, 1965 Complete Act

Title: Payment of Bonus Act, 1965

State: Central

Year: 1965

.....- Special provisions with respect to certain establishments Section17 - Adjustment of customary or interim bonus against bonus payable under the Act Section18 - Deduction of certain amounts from bonus payable under the Act Section19 - Time-limit for payment of bonus Section20 - Application of Act to establishments in public sector in certain cases Section21 - Recovery of bonus due from an employer Section22 - Reference of disputes under the Act Section23 - Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies Section24 - Audited accounts of banking companies not to be questioned Section25 - Audit of accounts of employers, not being corporations or companies Section26 - Maintenance of registers, records, etc Section27 - Inspectors Section28 - Penalty Section29 - Offences by companies Section30 - Cognizance of offences Section31 - Protection of action taken under the Act Section31A - Special provision with respect to payment of bonus linked with production or productivity Section32 - Act not to apply to certain classes of employees Section33 - Act to apply to certain pending disputes regarding payment of bonus.....

Payment of Bonus (Amendment) Act 2007 Complete Act

Title: Payment of Bonus (Amendment) Act 2007

State: Central

Year: 2007

Preamble1 - PAYMENT OF BONUS (AMENDMENT) ACT 2007 Section1 - Short title and commencement Section2 - Amendment of section 2 Section3 - Amendment of section 12 Section4 - Amendment of section 32 Section5 - Repeal and saving

Payment of Bonus Act, 1965 Schedule 4

Title: The Fourth Schedule

State: Central

Year: 1965

.....(inclusive of 35,000 from year-6) Set off 69,167 Set off 69,167 (8) 9. 10,000 1,04,167** Set off 94,167 Set off 69,167 94,167 (8) (9) 10. 2,15,000 1,04,167** (after setting off 69,167 from year-8 and 41,666 from year-9) Nil Set off 52,501 (9) Notes-- * Maximum + The balance of Rs. 1,10,000 set on from year-2 lapses. **Minimum.] ____________________ 1. "THE FOURTH SCHEDULE" was Substituted by "THE THIRD SCHEDULE" by Act 23 of 1976, Section 23 ( w.r.e.f. 25-9-1976) and THE THIRD SCHEDULE so substituted was again Substituted by Act 66 of 1980, Section 21 ( w.r.e.f. 21-8-1980).

Payment of Bonus Act, 1965 Complete Act

State: Central

Year: 1965

.....or class of establishments [including an establishment being a factory within the meaning of sub-clause (ii) of clause (m) of (S.2 of the Factories Act, 1948), employing such number of persons less than twenty as may be specified in the notification ; so, however, that the number of persons so specified shall in no case be less than ten.] (4) Save as otherwise provided in this Act, the provisions of this Act shall, in relation to a factory or other establishment to which this Act applies, have effect in respect of the accounting year commencing on any day in the year 1964 and in respect of every subsequent accounting year : 3 (4) 4. Inserted by the Central Labour Laws (Extension to Jamrnu and Kashmir) Act, 1970. [Provided that in relation to the State of Jammu and Kashmir, the reference to the accounting year commencing on any day in the year 1964 and every subsequent accounting year shall be construed as reference to the accounting year commencing on any day in the year 1968 and every subsequent account- ing year:] [Provided further that when the provisions of this Act have been made applicable to any establishment or class of establishments by the issue of a.....

Payment of Bonus Act, 1965 Section 31A

Title: Special Provision with Respect to Payment of Bonus Linked with Production or Productivity

State: Central

Year: 1965

.....shall be entitled to receive bonus due to them under such agreement or settlement, as the case may be: 2 [Provided that any such agreement or settlement whereby the employees relinquish their right to receive the minimum bonus under section 10 shall be null and void in so far as it purports to deprive them of such right:] 3 [Provided further that] such employees shall not be entitled to be paid such bonus in excess of twenty per cent, of the salary or wage earned by them during the relevant accounting year. _______________________ 1. Inserted by Act 23 of 1976, section 19 (w.r.e.f 25-9-1975). 2. Inserted by Act 66 of 1980, section 17 (w.r.e.f. 21-8-1980). 3. Substituted by Act 66 of 1980, section 17, for "Provided that" (w.r.e.f 21-8-1980).

Insurance Act, 1938 Complete Act

State: Central

Year: 1938

.....to the business of insurance. Whereas it is expedient to consolidate and amend the law relating to the business of insurance; It is hereby enacted as foltows :- This Act has been applied to- (i) the partially excluded areas in the District of Darjesling, see Bengal Government Notification No. 1902-Com., dated 28-6-1939, Calcutta Gazette, dated 16-7-1939; (ii) the partially excluded areas in the Province of Orissa with effect from 14-10-1939, see Orissa Laws Validating Regulation, 1943 (1 of 1943). The Act has been extended to the new Provinces and Merged States by the S.3OF THE Merged States (Laws) Act, 1949 (1-1-1950) and to the States of Manipur, Tripura and Vindhya Pradesh by the Union Territories (Laws) Act, 1950 (30 of 1950), section 3 (16-4-1950). Manipur and Tripura are Union territories now and Vindhya Pradesh has been merged with the State of Madhya Pradesh -- See Act 37 of 1956, section 9(1)(e). It has been extended to the Union territories of- (1) Goa, Daman and Diu by Regn. 12 of 1962 (15-12-1963); (2) Dadra and Nagar Haveli, by Regn. 6 of 1963 (1-7-1965); (3) Pondicherry, by Regn. 7 of 1963 (1-10-1963); and (4) Laccadiv, Minicoy and Amindivi Islands, by Regn......

Companies (Amendment) Act, 2002 Section 2

Title: Insertion of New Part Ixa

State: Central

Year: 2002

.....shall form part of the capital of the Producer Company. (8) Any reference to the inter-State co-operative society in any law other than this Act or in any contract or other instrument, shall be deemed to be reference to the Producer Company. (9) If, on the transformation date, there is pending any suit, arbitration, appeal or other legal proceeding of whatever nature by or against the inter-State co-operative society, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the incorporation of the Producer Company under section 581C or transformation of the inter-State co-operative society as a Producer Company under section 581J, as the case may be, but the suit, arbitration, appeal or other proceeding, may be continued, prosecuted and enforced by or against the Producer Company in the same manner and to the same extent as it would have, or may have been continued, prosecuted and enforced by or against the inter-State co-operative society as if the provisions contained in this Part had not come into force. 581M. Concession, etc., to be deemed to have been granted to Producer Company .-- With effect from the transformation.....

Life Insurance Corporation (Modification of Settlements) Act, 1976 Complete Act

State: Central

Year: 1976

.....of the Republic of India as follows:- SECTION 01: SHORT TITLE This Act may be called the Life Insurance Corporation (Modification of Settlements) Act, 1976. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "Corporation" means the Life Insurance Corporation of India established under section 3-of the Life Insurance Corporation Act, 1956; (b) "salary" means basic pay and includes- (i) special pay, if any; (ii) dearness allowance; and (iii) additional dearness, allowance; (c) "settlements" means,- (i) the settlement which was arrived at between the Corporation and their workmen on the 24th day of January, 1974, under section 18 -, read with clause (p) of section 2-, of the Industrial Disputes Act, 1947 -; and (ii) the settlement which was arrived at between the Corporation and their workmen on the 6th day of February, 1974, under section 18-, read with clause (p) of Section 2-, of the said Act and in respect of the terms of which there was no approval as provided for in sub-clause (2) of clause 12 thereof. SECTION 03: MODIFICATION OF SETTLEMENTS Notwithstanding anything contained in the Industrial Disputes Act, 1947, the provisions of each of the.....

Companies Act, 1956 Chapter 3

Title: Management of Producer Company

State: Central

Year: 1956

.....the Producer Company: Provided that in the case of an inter-State co-operative society which has been registered as a Producer Company under sub-section (4) of section 581J in which at least five directors [including the directors continuing in office under sub-section (1) of section 581N] hold office as such on the date of registration of such company, the provisions of this sub-section shall have effect as if for the words "ninety days", the words three hundred and sixty five days" had been substituted. (3) Every person shall hold office of a director for a period not less than one year but not exceeding five years as may be specified in the articles. (4) Every director, who retires in accordance with the articles, shall be eligible for re-appointment as a director. (5) Save as provided in sub-section (2), the directors of the Board shall be elected or appointed by the Members in the annual general meeting. (6) The Board may co-opt one or more expert directors or an additional director not exceeding one-fifth of the total number of directors or appoint any other person as additional director for such period as the Board may deem fit: Provided that the expert.....

Insurance Act, 1938 (4 of 1938) Part V

Title: Miscellaneous

State: Central

Year: 1938

.....the purposes of that sub-section, be deemed to be liable for that act in the same manner and to the same extent as the person who has committed the act, unless he proves that the act was committed without hi s consent or connivance and was not facilitated by any neglect or omission on hi s part. ( 4 ) Where at any stage of the proceedings against any person under this section (he reinafter referred to as the delinquent), the Court is satisfied by affidavit or otherwise-- (a) that a prima facie case has been made out against the delinquent; and (b) that it is just and proper so to do in the interests of the policy-holders of an insurer or of the me mbers of an insurance company, the court may direct the attachment of-- (i) any property of the insurer in the possession of the delinquent; (ii) any property of the delinquent which belongs to hi m or is deemed to belong to hi m within the me aning of sub-section ( 5 ); (iii) any property transferred by the delinquent within two years before the commencement of proceedings under sub-section ( 1 ) or during the pendency of such proceedings, if the Court is satisfied by affidavit or otherwise that the transfer was.....