Bonus - Law Dictionary Search Results
Home Dictionary Name: bonus Page: 3Under the authority of any department of the Central Govt
Under the authority of any department of the Central Govt., the expression 'under the authority of any department of the Central Government' in s. 32(iv) of the Payment of Bonus Act would in ordinary parlance mean that the department is directly responsible for the management of the industrial undertaking, Rashtriya Mill Mazdoor Sangh v. Model Mills, AIR 1984 SC 1813 (1819): (1984) Supp SCC 443: (1985) 1 SCR 751....
Total full time earning
Total full time earning, it can only mean the earnings he earns in a day by working full time on that day, the full time to be in accordance with the period of time given in the notice displayed in the factory for a particular day. This is further apparent from the fact that any payment for overtime or for bonus is not included in computing the total full time earnings, Shankar Balaji Waje v. State of Maharashtra, AIR 1962 SC 517 (523): 1962 Supp (1) SCR 249; see also Manglore Ganesh Beedi Works v. Union of India, AIR 1974 SC 1832. [Factories Act, 1948, s. 80]...
Subsidy
Subsidy, an aid, tax, or tribute granted to the Crown for the urgent occasions of the kingdom, to be levied on every subject o ability, according to the value of his lands or goods.The word 'subsidy' in Item 6(g) of the Second Schedule of the Payment of Bonus Act cannot be confined only to those cases where cash payment is made by Government in order that an industry may survive, that even if assistance is given by way of an incentive it would not cease to be a subsidy provided it is a cash payment given by way of assistance and that certain types of assistance particularly those which are only indirect like rebates etc. should be excluded, Shri Ambica Mills No. 1 v. Textile Labour Association, AIR 1973 SC 1081: (1973) 3 SCC 787: (1973) 3 SCR 123.Subsidy, is grant of money from a government to a private enterprise considered as beneficial to the public, Commissioner of Income Tax v. Grace Paper Industries Pvt. Ltd., 1990 183 ITR 591 (Guj); Commissioner of Income Tax, Hyderabad v. P.J. ...
Remuneration
Remuneration, 'remuneration' is only a mere formal version of payment, Bala Subrahmanya Rajaram v. B.C. Patil, AIR 1958 SC 518: (1958) SCR 1504.Payment; compensation, Black's Law Dictionary, 7th Edn., p. 1298.The word 'remuneration' must be given its meaning with reference to the context in which the word occurs in the statute. In the Banking Act the word 'remuneration' has been used in the widest sense. In that sense, it undoubtedly includes bonus, Central Bank of India v. Their Workmen, AIR 1960 SC 12: (1960) 1 SCR 200. [Banking Regulation Act, 1949, s. 10(1)(b)(ii)]The expression 'remuneration' in Article 314 is not used in any limited sense as merely salary. If a person was in receipt of a payment, or in receipt of a percentage, or any kind of payment which would not be actual money payment, the amount he would receive annually in respect of this would be remuneration, Accountant General v. N. Bakshi, AIR 1962 SC 505: (1962) 1 Supp SCR 505.Means the basic wage or salary, and any ad...
Prize chit
Prize chit, includes any transaction or arrangement by whatever name called under which a person collects whether as a promoter, foreman, agent or in any other capacity, monies in one lump sum or in instalments by way of contributions or subscriptions or by sale of units, certificates or other instruments or in any other manner or as membership fees or admission fees or service charges to or in respect of any savings, mutual benefit, thrift, or any other scheme or arrangement by whatever name called , and utillilses the monies so collected or any part thereof or the income accruing from investment or other use of such monies for all or any of the following purposes, namely:-(i) giving or awarding periodically or otherwise to a specified number of subscribers as determined by lot, draw or in any other manner, prizes or gifts in cash or in kind, whether or not the recipient of the prize or gift is under a liability to make any further payment in respect or such scheme or arrangement;(ii)...
For the year in question
For the year in question, the words 'for the year in question' mean the year in respect of which bonus is paid, CIT v. Swadeshi Cotton & Flour Mills, AIR 1964 SC 1766 (1770). [Income-tax Act, (11 of 1922), s. 10(2) (x)]...
Factory
Factory, a place where a number of traders reside in a foreign country for the convenience of trade; also a building in which goods are manufactured.In the Factory and Workshop Act, 1901, 'Factory' means by s. 149 'textile factory and non-textile factory, or either of those descriptions of factories.'The expression 'textile factory' means any premises wherein or within the close or curtilage of which steam, water or other mechanical power is used to move or work any machinery employed in preparing, manufacturing or finishing or in any process incident to the manufacture of cotton, wool, hair, silk, flax, hemp, jute, tow, china-grass, cocoanut fibre or other like material, either separately or mixed together or mixed with any other material, or any fabric made thereof:Provided that print works, bleaching and dyeing works, lace warehouses, paper mills, flax scutch mills, rope works and hat works shall not be deemed to be textiles factories.'Tenement factory' means a factory when mechanic...
Establishment in private sector
Establishment in private sector, means an establish-ment which is not an establishment in public sector. [Apprentices Act, 1961 (52 of 1961), s. 2 (h)]Means an establishment other than an establishment in public sector. [Payment of Bonus Act, 1965, s. 2 (15)]It means an establishment which is not an establish-ment in public sector and where ordinarily twenty-five or more persons are employed to work for remuneration. [Employment Exchanges (Comp-ulsory Notification of Vacancies) Act, 1959, s. 2 (g)]...
Employer
Employer, means (i) a company; (ii) a firm; (iii) an association of persons or a body of individuals, whether incorporated or not, but excluding any fund or trust or institution eligible for exemption under clause (23C) of section 10 or registered under section 12AA; (iv) a local authority; and (v) every artificial judicial person, not falling within any of the preceding sub-clauses. [Income-tax Act, 1961 (43 of 1961), s. 115W(a)]Employer, means:A person who controls and direct a worker under an express or implied contract of hire and who pays the workers salary or wages, Black's Law Dictionary, 7th Edn.(a) in relation to contract labour, the principal employer, and(b) in relation to other labour, the person who has the ultimate control over the affairs of any establishment or who has, by reason of his advancing money, supplying goods or otherwise, a substantial interest in the control of the affairs of any establishment, and includes any other person to whom the affairs of the establi...
Award
Award [the primitive sense of ward is shown in the It. Guardare, Fr. regarder, to look. Hence, Prov. Fr. eswarder (answering in form to award), to inspect goods, and, incidentally, to pronounce them good and marketable; eswardenur, an inspector, Hecart. An award is accordingly, in the first place, the taking a matter into consideration and pronouncing judgment upon it; but in later times the designation has been transferred exclusively to the consequent judgment, Wedgw.], a document containing the determination of commissioners, under an Inclosure Act or other public statute; also an instrument embodying an arbitrator's decision on a matter submitted to him. It must follow the submission, but need not necessarily be in writing, unless so prescribed. An award is generally considered as published as soon as the arbitrator has done some act where by he becomes functus officio, and has declared, and can no longer change, his final mind. As soon as the award is executed, notice thereof shou...
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