Corporate Law : The main object of the Payment of Bonus Act, 1965 is to maintain peace and harmony between labour and capital by allowing the empl...
Company Law : 1. What dose Bonus Share means? Bonus shares are additional shares given to the current shareholders without any additional cost, ...
Income Tax : This article explains provisions of Income Tax Act 1961, related to Dividend stripping and Bonus stripping. An attempt is made to ...
Income Tax : The corporates today are rewarding their shareholders in various fashionable ways like Bonus shares (equity and preference shares)...
Corporate Law : The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every work...
Finance : It’s raining bonus shares on Dalal Street, with nearly two dozen companies offering free shares to their stakeholders in the pas...
Corporate Law : Hon'ble Kerala High Court in the case of The United Planters Association of Southern India Vs. Union of India, Stayed the Operatio...
Corporate Law : Payment of Bonus (Maharashtra Amendment) Act, 2010 provides that All amounts payable to an employee by way of bonus under Payment ...
Corporate Law : I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of ...
Corporate Law : for the words three thousand and five hundred rupees at both the places where they occur, the words seven thousand rupees or the ...
Corporate Law : PUBLIC NOTICE Department of Labour Government of Maharashtra Maharashtra mandates payment of bonus only through cheques/banks The ...
The main object of the Payment of Bonus Act, 1965 is to maintain peace and harmony between labour and capital by allowing the employees to share the prosperity of the establishment, prescribing the minimum and maximum rates of Bonus together with the scheme of ‘Set on’ and ‘Set off’.
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 […]
1. What dose Bonus Share means? Bonus shares are additional shares given to the current shareholders without any additional cost, based upon the number of shares that a shareholder owns. These are company’s accumulated earnings which are not given out in the form of dividends, but are converted into free shares. 2. What are the […]
This article explains provisions of Income Tax Act 1961, related to Dividend stripping and Bonus stripping. An attempt is made to simplify provisions with the help of examples, for better understanding.
The corporates today are rewarding their shareholders in various fashionable ways like Bonus shares (equity and preference shares), bonus debentures, buyback, etc. These modes of distribution could prove to be more efficient than conventional method of distribution i.e. cash dividend.
I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was referred to the Ministry of Finance, Department of Expenditure, New Delhi for taking suitable action, as deemed fit. The matter was duly examined by the Department of Expenditure, Ministry of Finance and has not been agreed to the request.
The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker.
Hon’ble Kerala High Court in the case of The United Planters Association of Southern India Vs. Union of India, Stayed the Operation and Implementation of Payment of Bonus (Amendment) Act, 2015 to the extent the same gives retrospective from 01.04.2014
for the words three thousand and five hundred rupees at both the places where they occur, the words seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;
PUBLIC NOTICE Department of Labour Government of Maharashtra Maharashtra mandates payment of bonus only through cheques/banks The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only. The employers should, therefore, immediately open their own bank accounts and those of their workers, […]
