Section 31 Code on Wages 2019

 Section 31 Code on Wages 2019 :

Section 31.   Payment of bonus out of allocable surplus. 

(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.

Section 31 Wage Code 2019 in Hindi / धारा 31 वेतन संहिता अधिनियम, 2019 का विवरण :  -

Supreme Court of India Important Judgments And Leading Case Law Related to Section 31 Code on Wages 2019 :  Not Yet Available

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