ramesh (n/a) 22 June 2010
Hi
Can anybody confirm " Is it compulsory to create seperate gratuity fund " with any of the Insurance Companies?
Can't the company meet the liability from its working capital?
Further what does Section 4 A "Compulsory Insurance "of Paymnet of Gratuity Act, 1972 : denote?
Please advice
Thanks & Regards
Ramesh
Satya Narayana Palukuru (Advocates & Mediators.) 22 June 2010
Hi Ramesh
Gratuity fund is acculated fund of all past years and is your liability towards employees
Your current account reflects only for present financial year
Since statutory liability , a clause to protect your company from heavy financial burden in a single year
also verify with your company Accountant pl
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