Section 20 - Amendment of section 32 - Payment Of Bonus (Amendment) Act, 1976

20. Amendment of section 32. In section 32 of the principal Act,- (a) for clause (vii), the following clause shall be substituted, namely :- (vii) employees employed by a banking company; ; (b) in clause (ix),- (i) after sub-clause (f), the following sub-clause shall be inserted, namely :- (ff) the Industrial Reconstruction Corporation of India; ; (ii) in sub-clause (g), the brackets and words (other than a banking company) shall be omitted; (c) clause (x) shall be omitted.