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Question

Who are entitled to be paid bonus under the Banking Companies (Acquisition & Transfer of Undertaking) Act, 1980?

A Employees of a Corresponding New Bank Correct Answer Incorrect Answer
B Employees within the meaning of clause (13) of section 2 of the Payment of Bonus Act, 1965 of a Corresponding New Bank Correct Answer Incorrect Answer
C Existing Bank Correct Answer Incorrect Answer
D Both (a) & (c) Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Employees within the meaning of clause (13) of section 2 of the Payment of Bonus Act, 1965 of a Corresponding New Bank

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