Section 4 - Amendment of section 2 - Payment Of Bonus (Amendment) Act, 1976

4. Amendment of section 2. In section 2 of the principal Act, - (a) in clause (4),- (i) in sub-clause (a), the brackets and words (other than a banking company) shall be omitted; (ii) the words, brackets and figures and includes any amount treated as such under sub-section (2) of section 34 shall be omitted; (b) in clause (8), after the words, brackets and figures any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) , the words, brackets, figures and letter any corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), any co-operative bank as defined in clause (bii) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934), shall be inserted.