payment of bonus

Payment of Bonus Act, 1965 – A student approach

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 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’....

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Issue of Bonus Shares | Section 63 | Companies Act, 2013

Corporate Law - 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 [&he...

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Dividend Stripping and Bonus Stripping

Corporate Law - 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....

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Cash dividend no longer the king

Corporate Law - 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....

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Major Achievements of Ministry of Labour & Employment for 2016

Corporate Law - The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

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More and more companies announcing bonus shares to stakeholders

Corporate Law - It’s raining bonus shares on Dalal Street, with nearly two dozen companies offering free shares to their stakeholders in the past few weeks. Apart from leading companies like ITC, Edelweiss Capital and state-owned MMTC, the list includes many other relatively small- and medium-sized companies across sectors....

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Kerala HC stays Retrospective Provisions of Payment of Bonus (Amendment) Act, 2015

United Planters Association of Southern India Vs UOI (Kerala High Court) - 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...

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Payment of Bonus (Maharashtra Amendment) Act, 2010

MAHARASHTRA ACT No. III OF 2011 - (11/03/2011) - 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 ...

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No Enhancement of rate of bonus payable to Casual labourers

Notification No.S-33027/3/2016 -WB - (02/05/2017) - 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 r...

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Government amends monthly bonus calculation ceiling to Rs 7,000

NO. 6 OF 2016 - (01/01/2016) - 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;...

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Maharashtra mandates payment of bonus only through cheques/banks

DGIPR/2010-11/1446 - (17/09/2010) - 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 on...

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Recent Posts in "payment of bonus"

Payment of Bonus Act, 1965 – A student approach

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’....

Read More
Posted Under: Corporate Law |

Payment of Bonus (Maharashtra Amendment) Act, 2010

MAHARASHTRA ACT No. III OF 2011 11/03/2011

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 […]...

Read More

Issue of Bonus Shares | Section 63 | Companies Act, 2013

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 [&he...

Read More
Posted Under: Corporate Law |

Dividend Stripping and Bonus Stripping

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....

Read More
Posted Under: Corporate Law |

Cash dividend no longer the king

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....

Read More
Posted Under: Corporate Law |

No Enhancement of rate of bonus payable to Casual labourers

Notification No.S-33027/3/2016 -WB 02/05/2017

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, Depa...

Read More

Major Achievements of Ministry of Labour & Employment for 2016

The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

Read More
Posted Under: Corporate Law |

Kerala HC stays Retrospective Provisions of Payment of Bonus (Amendment) Act, 2015

United Planters Association of Southern India Vs UOI (Kerala High Court)

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...

Read More

Government amends monthly bonus calculation ceiling to Rs 7,000

NO. 6 OF 2016 01/01/2016

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;...

Read More

Maharashtra mandates payment of bonus only through cheques/banks

DGIPR/2010-11/1446 17/09/2010

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, imm...

Read More

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