Dear Respectees,
You are all aware that the Payment of Bonus Amendment Bill was introduced via bill no. 15 of 2010 (Ref: Gazette of India; 5-3-2010, Pt.II-S.II Ext.P.59(No.3)). This amendment has not yet been notified by the government. The bill aims to increase the ceiling amount of bonus and the minimum percentage of bonus.
My question is whether the bill is still active or if it has lapsed in the House of Parliament. This is an important bill that would have an impact from the accounting year 2009. Does anyone know the current status of the bill and its legal validity? Please reply with any necessary enclosures.
Thank you.
From India, Madras
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70You are all aware that the Payment of Bonus Amendment Bill was introduced via bill no. 15 of 2010 (Ref: Gazette of India; 5-3-2010, Pt.II-S.II Ext.P.59(No.3)). This amendment has not yet been notified by the government. The bill aims to increase the ceiling amount of bonus and the minimum percentage of bonus.
My question is whether the bill is still active or if it has lapsed in the House of Parliament. This is an important bill that would have an impact from the accounting year 2009. Does anyone know the current status of the bill and its legal validity? Please reply with any necessary enclosures.
Thank you.
From India, Madras
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Dear,
Certain bills introduced in parliament never become law. The definition of the industry bill was produced in 1989 in parliament, and no amendments have been made to the Industrial Dispute Act to this day. Another bill was also introduced but has not been notified.
From India, Delhi
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Certain bills introduced in parliament never become law. The definition of the industry bill was produced in 1989 in parliament, and no amendments have been made to the Industrial Dispute Act to this day. Another bill was also introduced but has not been notified.
From India, Delhi
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Principal employer liability on contract labour payment of Empolees Provident Fund, Bonus, Leave and other statutory benefit
From India
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From India
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc