Question
According to Section 31 of the Code on Wages, 2019, what
percentage of the available surplus is allocated for bonus in the case of a banking company?Solution
As per Section 31- (1) The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of other establishment, of the available surplus and the available surplus shall be the amount calculated in accordance with section 33. (2) Audited accounts of companies shall not normally be questioned. (3) Where there is any dispute regarding the quantum of bonus, the authority notified by the appropriate Government having jurisdiction may call upon the employer to produce the balance sheet before it, but the authority shall not disclose any information contained in the balance sheet unless agreed to by the employer.
When two ice cubes are pressed together, they join to form one cube. Which one of the following helps to hold them together?
The magnification produced by a spherical mirror is -0.5. The image formed by the mirror is:
The term of office of the Comptroller and Auditor General of India is______?
In 2023, which institution implemented two-factor authentication for all e-way bill and e-invoice systems?
Consider the following statements regarding the amendment to the Constitution of India:
1. Amendments can be initiated by both the ministers an...
A completes a work in 15 days, B completes the same work in 8 days while B and C jointly complete the same work in 4 days. If A and C jointly complete t...
The Plantation Labour Act, of 1951 applies to plantations employing how many or more workers?
Which of the following statements are correct in regards to Vijaynagar Empire?
1. Founded in 1336 by Harihara and Bukka
2. ...
Where is the headquarters of IRDAI located?
Four houses are available in a locality. Four persons apply for the houses. Each applies for one house without consulting others. The probability that a...
Relevant for Exams:
