Payment of Bonus Act : Audited accounts of banking companies not to be questioned. Indian Bare Acts :

Payment of Bonus Act,1965

Act No : 21

Section : Audited accounts of banking companies not to be questioned.

3*[24. Audited accounts of banking companies not to be questioned.- (1) Where any dispute of the nature specified in section 22 between an employer, being a banking company, and its employees has been referred to the said authority under that section and during the course of proceedings the accounts of the banking company duly audited are produced before it, the said authority shall not permit any trade union or employees to question the correctness of such accounts, but the trade union or the employees may be permitted to obtain from the banking company such information as is necessary for verifying the amount of bonus due under this Act. --------------------------------------------------------------------- 1. Subs. by Act 23 of 1976, s. 16, for "and in sections 24 and 25" (w.e.f. 25-9-1975). 2. Subs. by Act 66 of 1980, s. 13, for "section 25" (w.e.f. 21-8- 1980). 3. Ins. by s. 14, ibid. (w.e.f. 21-8-1980). 440 (2) Nothing contained in sub-section (1) shall enable the trade union or the employees to obtain any information which the banking company is not compelled to furnish under the provisions of section 34A of the Banking Regulation Act, 1949 (10 of 1949),]