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Payment of Bonus with retrospective effect from 1st April 2014

Allied Laws - Started By: - Ashwani Rustagi - Dated:- 27-9-2016 Last Replied Date:- 29-9-2016 - The amended Payment of Bonus Act was notified on 1st January, 2016 and was intended to kick in with retrospective effect from 1st April 2014. The Act provides a statutory right to employees of an establishment to share the profits of his/her employer. Whereas various High Courts have stayed the retrospective implementation of the recently amended Payment of Bonus Act, please advise update status in th .....

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case is disposed. Since many courts have granted stay it is possible that the Supreme Court may take it and decide it. - Reply By Ashwani Rustagi - The Reply = Thanks Mr. Mariappan.In a Civil Writ Petition No. 6723 of 2016 filed by Messers Arti International Ltd & others, a Division Bench of Hon ble Punjab & Haryana High Court, Chandigarh, vide its order dated 20th May 2016 has stayed the notification dated 1st January 2016 whereby the amendments made in the Payment of Bonus Act 1965 we .....

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