Whether Cooperative Society Workers (cooperative sector are owned and operated by a collective of individuals i.e workers) are eligible for Gratuity?
From India
From India
Whether workers in cooperative societies (where a group of people collectively owns and runs the business) are eligible for gratuity depends on the rules of the Payment of Gratuity Act, 1972. This law applies to workplaces with ten or more employees. The Act generally covers employees who have worked continuously for five years or more.
If the cooperative society is considered an "establishment" according to the Act and has at least ten employees, the workers might be eligible for gratuity. To get the most accurate and current information, it's advisable to check the latest amendments to the Payment of Gratuity Act or consult with a legal expert familiar with labor laws. Laws can change, so it's crucial to stay informed about the latest regulations.
From India, Kolkata
4If the cooperative society is considered an "establishment" according to the Act and has at least ten employees, the workers might be eligible for gratuity. To get the most accurate and current information, it's advisable to check the latest amendments to the Payment of Gratuity Act or consult with a legal expert familiar with labor laws. Laws can change, so it's crucial to stay informed about the latest regulations.
From India, Kolkata
If the Cooperative society has been engaged in the activity which will come under the scope of "industry" whether for profits or not, will be under legal liability to pay gratuity. If the said 'industry' has been manufacturing some products, or is into plantation or mining activity then the number of employees is not a governing condition for coverage but it would come under the purview of the Payment of Gratuity Act even if there is only one employee. At the same time, if the industry is involved in some trading or commercial activity then it would require minimum of 10 workers for coverage. Yes, those who has been in continuous service of 5 years only would be entitled to get gratuity.
From India, Kannur
From India, Kannur
To be eligible for the benefit, by law they must have worked continuously for at least 5 years at the cooperative, except in cases of death or disability, in which case the benefit will be paid even if it is less than 5 years. The benefit will be paid when the employee retires, resigns or is terminated after meeting the service period requirement.
From United States, Indianapolis
From United States, Indianapolis
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