K.D. Srivastava Payment of Bonus Act, 1965

The eighth edition of this well-known work brings the case-law and statutory law up-to-date till the date of the publication.A new case-law supplement has been added to the book, now bringing it up to date till 2003. Each section of the Act has been most elaborately, exhaustively and analytically dealt with. The discussion is preceded by a synopsis, facilitating quick and easy access to the relevant material.

The author has dealt with the subject of computation of bonus elaborately and relevant sections of the Companies Act and the Income Tax Act have also been studied in this context.

• All India Reporter : The author has tried to bring the case-law up-to-date. The recent Court pronouncements have also been included. In the concluding pages are the Schedules to the Act and a very useful subject-index. All those who are concerned with the claim for and settlement of bonus should find the volume eminently useful.
• Kerala Law Times : The main attraction of the book is the profuse case-law dealt with in explaining the various statutory provisions on the subject.
  
• Labour and Industrial Cases : It contains up-to-date amended text of the Payment of Bonus Act, 1965 and Payment of Bonus Rules, 1975. The Preamble traces the historical development of the law. The sections of the Act have been dealt with exhaustively with synopsis and commentary. The author has made valuable suggestions wherever necessary, which the legislators, company executives and the labour unions would find valuable as also the lawyers practicing on the labour side.
• Federation of Indian Manufacturers : The publication is comprehensive, and its discussion masterly.
• Commercial Law Gazette : The treatment of each section is complete with the latest case-law, duly referred to. The book shall, thus, prove to be useful as a guide and reference book for all concerned with labour problems, including the students, members of the Bench and the bar and the trade unions.
• Andhra Law Times : The commentary on the payment of Bonus Act, 1965 by Sri K.D. Srivastava has come to stay in the legal field as a fine treatise.
• Gujarat Law Reporter : In this edition, the learned author has widely commented upon the new changes brought out by the latest amending Act. This edition, like the earlier one is sure to be widely acclaimed by the members of the Bench and the Bar.

TABLE OF CASES

• THE PAYMENT OF BONUS ACT, 1965
  • PREAMBLE
  • Short title, extent and application
  • Definitions
  • Establishments to include departments,
  • undertakings and branches
  • Computation of gross profits
  • Computation of available surplus
  • Sums deductible from gross profits
  • Calculation of direct tax payable by the employer
  • Eligibility for bonus
  • Disqualification for bonus
  • Payment of minimum bonus
  • Payment of maximum bonus
  • Calculation of bonus with respect to certain employees
  • Proportionate reduction in bonus in certain cases
  • Computation of number of working days
  • Set-on and set off of allocable surplus
  • Special provisions with respect to certain establishments
  • Adjustment of customary or interim bonus against bonus payable under the Act
  • Deduction of certain amounts from bonus payable under the Act Time-limit for payment of bonus
  • Application of Act to establishments in public sector in certain cases
  • Recovery of bonus due from an employer
  • Reference of disputes under the Act
  • Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies
  • Audited accounts of banking companies not to be questioned
  • Audit of accounts of employees, not being corporations or companies
  • Maintenance of registers, records etc.
  • Inspectors
  • Penalty
  • Offences by companies
  • Cognizance of offences
  • Protection of action taken under the Act
  • Special provision with respect to payment of bonus linked with production or productivity
  • Act not to apply to certain classes of employees
  • Act to apply to certain pending disputes regarding payment of bonus [Omitted ]
  • Effect of laws and agreements inconsistent with the Act Saving
  • Power of exemption
  • Power to remove difficulties-[Omitted ]
  • Power to make rules
  • Application of certain laws not barred
  • Repeal and saving
  • FIRST SCHEDULE
  • SECOND SCHEDULE
  • THIRD SCHEDULE
  • FOURTH SCHEDULE
• THE PAYMENT OF BONUS RULES, 1975
• NOTIFICATIONS

SUBJECT INDEX