Bonus
Gaurav Pandya
(Querist) 01 January 2013
This query is : Resolved
Payment of Bonus Act, 1965
Will it be applicable to the
university
or
any eduction institution ?
(Specially for Gujarat)
Raj Kumar Makkad
(Expert) 01 January 2013
The Act is applicable to Government companies and corporations owned by Government which produces goods or renders services in competition with private sector. However, the Act is not applicable to Government employees, the employees of Municipal Corporation or Municipality, railway employees, university and employees of educational institutions, public sector insurance employees, employees of RBI and public sector financial institutions, charitable hospitals, social welfare organisations and defense employees. The Act does not apply to any institution established not for purposes of profit.
Gaurav Pandya
(Querist) 02 January 2013
Sir,
very Very thankful to you...
I m an Advocate. Please guide me the specified sections, if possible....
I will be more thankful to you..
