Can the Govt ask for Balance sheet details like calculations of allocable / available surplus, etc. if the employer is paying a Maximum Bonus @ 20 % as stipulated under the Act.
From India, Indore
From India, Indore
No action is Suo Moto (On Its Own Accord). If an employee complains to Controlling Authority or Labour Department, they will ask and they can ask. Under section 27, Inspector can visit and ask for such documents. Under section 23, if you are giving the audited Balance sheet then they will presume that it is accurate and one disputing it has to prove otherwise.
Under section 27(4), if asked for you are under legal duty to submit the audited Balance Sheet.
If any query please leave a comment.
See this for more Indian Labour Laws & Shram Suvidha Simplified
From India, Kolkata
180Under section 27(4), if asked for you are under legal duty to submit the audited Balance Sheet.
If any query please leave a comment.
See this for more Indian Labour Laws & Shram Suvidha Simplified
From India, Kolkata
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