Bonus - Law Dictionary Search Results
Direct tax
notification in the Official Gazette, to be a direct tax for the purposes of this Act. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (12) (a)]
Dealing with the company
Dealing with the company, a shareholder receiving bonus shares from the company is 'a person dealing with the company', EIC Services Ltd. v. Phipps, (2003) 1
Company
Act, 1956 and includes a foreign company within the meaning of s. 591 of that Act. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (9)] Company, shall have the meaning assigned to it in clause
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Co-operative society
any other law for the time being in force in any State relating to co-operating societies. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (10)] The expression 'co-operative society' in cl. 2 of the scheme
Capitalisation
stands transmuted and transformed into capital. The most common example of capitalisation of profits is by issuance of bonus shares to the shareholders, P.K. Badiani v. C.I.T., AIR 1977 SC 560 (565): (1976) 4 SCC 502.
Capital
contributes to the common stock of a partnership. The expression 'capital' is not defined under the Payment of Bonus Act, 1965. It must, therefore, be understood in the sense in which that expression is generally understood. That
Basic wages
paid to an employee on account of a rise in the cost of living), house-rent allowance, overtime allowance, bonus commission or any other similar allowance payable to the employee in respect of his employment or of work
Appropriate government
to any other establishment, the Government of the State in which that other establishment is situate. [Payment of Bonus Act, 1965 (13 of 1985), s. 2 (5) (i) (ii)] Means--(i) in relation to the Central Administrative Tribunal
Allocable surplus
in an accounting year. (b) In any other case, sixty per cent of such available surplus. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (4)]
Accounting year
in writing of the prescribed authority and upon such conditions as that authority may think fit. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (1)]
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