Sunday, 11 March 2012

THE PAYMENT OF BONUS ACT, 1965

THE PAYMENT OF BONUS ACT, 1965
 ACT NO. 21 OF 1965

 
 1*[An Act  to provide  for the payment of bonus to persons employed in
 certain establishments  on the  basis of  profits or  on the  basis of
 production or productivity and for matters connected therewith.]
      BE it enacted by Parliament in the Sixteenth Year of the Republic
 of India as follows:--
  
 
      1. Short title extent and application.- (1) This Act may be called the Payment of Bonus Act, 1965.
      (2) It extends to the whole of India 2***.
      (3) Save as otherwise provided in this Act, it shall apply to--
           (a) every factory; and
           (b) every  other  establishment  in  which  twenty  or  more
                persons are  employed on  any day  during an accounting
                year:
      3*[Provided that the appropriate Government may, after giving not
 less  than   two  months'  notice  of  its  intention  so  to  do,  by
 notification in the Official Gazette, apply the provisions of this Act
 with effect  from such  accounting year  as may  be specified  in  the
 notification,  to   any  establishment   or  class  of  establishments
 [including an establishment being a factory within the meaning of sub-
 clause (ii) of clause (m) of section 2 of the Factories Act, 1948  (63
 of 1948)] employing such number of persons less than twenty as may be
 specified in the notification; so, however, that the number of persons
 so specified shall in no case be less than ten.]



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