Payment of Bonus (Maharashtra Amendment) Act, 2010 provides that All amounts payable to an employee by way of bonus under Payment of Bonus Act, 1965 shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee. Full text of the Gazette notification is as follows:-

Maharashtra Government Gazette | 11/03/2011

In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Payment of Bonus (Maharashtra Amendment) Act, 2010 (Mah. Act No. III of 2011), is hereby published under the authority of the Governor.

By order and in the name of the Governor of Maharashtra,

H. B. PATEL,
Secretary to Government,
Law and Judiciary Department.

________

MAHARASHTRA ACT No. III OF 2011.

(First published, after having received the assent of the President in the “Maharashtra Government Gazette “, on the. 11th March 2011).

An Act further to amend the Payment of Bonus Act, 1965, in its application to the State of Maharashtra.

WHEREAS both Houses of the State Legislature were not in session ;

AND WHEREAS the Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate 21 of action further to amend the Payment of Bonus Act, 1965, in its application 1965. to the State of Maharashtra, for the purposes hereinafter appearing ; and, therefore, promulgated the Payment of Bonus (Maharashtra Amendment) Ordinance, 2010, on the 17th September 2010 ;

AND WHEREAS it is expedient to replace the said Ordinance by an Act of the State Legislature ; it is hereby enacted in the Sixty-first Year of the Republic of India as follows :-

1. Short title and commencement.

(1) This Act may be called the Payment of Bonus (Maharashtra  Amendment) Act, 2010.

(2) It shall be deemed to have come into force on the 17th September 2010.

2. Insertion of section 11A in Act 21 of 1965.

After section 11 of the Payment of Bonus Act, 1965, in its application 21 of to the State of Maharashtra (hereinafter referred to as “the principal Act”), 1965. the following section shall be inserted, namely :—

Mode of payment of bonus.

” 11A. All amounts payable to an employee by way of bonus under this Act shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee.”.

3. Amendment of section 19 of Act 21 of 1965.

In section 19 of the principal Act, the words “in cash” shall be deleted.

4. Repeal of Mah. Ord. XII of 2010 and saving. 

(1) The Payment of Bonus (Maharashtra Amendment) Ordinance, 2010, is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the provisions of the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken, as the case may be, under the corresponding provisions of the principal Act, as amended by this Act.

Download Payment of Bonus (Maharashtra Amendment) Act, 2010

More Under Corporate Law

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930