Bonus to Employees in a New Unit

This query is : Resolved 
 

(Querist)
18 December 2008

Dear Sir,

Kindly tell me whether a limited company newly incorporated as per company act 1956 and having more than 500 employees should provide bonus ?



KAMARAJ BHARATHY GOnline (Expert)
19 December 2008

If the newly incorporated company within the limit of the rural development area the need not provide bonus for first 3 years.
KAMARAJ BHARATHY
ADVOCATE - HIGH COURT
91 98942 99192



Guest (Expert)
20 December 2008

The company has to pay bonus. The earlier provision of providing infancy benefit to the new companies / establishments from the purview of the Act has been removed by amendment.


Hiralal Das (Expert)
08 April 2009

Thanks all of you the ld. members and the author.
I think your valuable opinions will assist everybody to solve their problem/matter in question properly.



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