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अगर 19/3
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REGISTERED NO . D. 231 रजिस्ट्री सं ० डी० 221
भारत का राजपत्र The Gazette of India
असाधारण
EXTRAORDINARY
भाग II-- खण्ड 2
PART II Section 2
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई दिल्ली, सोमवार, अगस्त 13 , 1973/ श्रावण 22 , 1895
सं० 45]
No. 45]
NEW DELHI, MONDAY , AUGUST 13 , 1973 / SRAVANΑ 22 , 1895
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके । Separate paging is given to this Part in order that it may be filed as a separato compilation .
RAJYA SABНА
The following Bill was introduced in the Rajya Sabha on the 13th August, 1973 :-
BILL NO . XXIV OF 1973
A Bill further to amend the Payment of Bonus Act , 1965.
BE it enacted by Parliament in the Twenty- fourth Year of the Republic ofIndia as follows: -
Short title .
1. This Act may be called the Payment of Bonus ( Amendment ) Act, 1973.
21 of 1965 .
Amend- ment of section 10.
2. In section 10 of the Payment of Bonus Act , 1965 ( hereinafter re- ferred to as the principal Act ) , after sub - section ( 2 ) , the following sub- section shall be inserted, namely: -
"(3) The provisions of sub - section (2 ) shall apply in relation to the payment of minimum bonus by every employer to every em ployee in respect of the accounting year commencing on any day in the year 1972 as they apply in relation to the payment of minimum bonus in respect of the accounting year commencing on any day in the year 1971 and accordingly for the purposes of such application, the reference to 'the accounting year commencing on any day in the year 1971 ' , or any reference to 'that accounting year' , in that sub- section shall be construed as a reference to 'the accounting year commencing on any day in the year 1972." .
Amend- ment of section 13, 3. In section 13 of the principal Act, in the proviso , for the words and figures " in respect of the accounting year commencing on any day in the year 1971 " , the words and figures "in respect of the accounting year
( 723 )
THE GAZETTE OF INDIA EXTRAORDINARY
[PART II- 724
commencing on any day in the year 1971 and in respect of the account- ing year commencing on any day in the year 1972 " shall be substituted.
4. In section 19 of the principal Act , after sub- section (7) the follow- ing sub - section shall be inserted , namely: -
Amend- ment of section 19.
"(8 ) The provisions of sub- section (2) to (7 ) ( both inclusive ) shall apply in relation to the percentage of the salary or wage of an employee payable ( in cash or , as the case may he, partly by re- mittance for crediting in his provident fund account and partly in cash) by way of bonus under this Act ( including section 34) in the accounting year commencing on any day in the year 1972 as they apply in relation to the percentage of the salary or wage of an em- ployee payable as aforesaid by way of bonus under this Act ( includ- ing section 34) in the accounting year commencing on any day in the year 1971 and accordingly for the purposes of such application-
(i) any reference to the accounting year commencing on any day in the year 1971 ' in sub- sections (2) , ( 3 ) and (4 ) , shall be construed as a reference to ' the accounting year commencing on any day in the year 1972' ; and
(ii) the reference to ' sub -section (2 ) of section 10' in sub- section ( 4 ) , shall be construed as a reference to 'sub-section (3 ), of section 10." .
SEC. 2]
THE GAZETTE OF INDIA EXTRAORDINARY
725
STATEMENT OF OBJECTS AND REASONS
The Payment of Bonus Act, 1965 (21 of 1965) was amended in the year 1972 by the Payment of Bonus (Amendment) Act , 1972 (68 of 1972) to provide for the payment of a minimum bonus under the Act in respect of the accounting year commencing on any day in the year 1971 at the rate of 8-1 / 3 per cent . of the salary or wage of the employees and for the deposit of a part of the bonus , in certain cases , in the provident fund accounts of the employees ,
2. The provision for the payment of such minimum bonus for the year commencing on any day in the year 1971 was made pending the receipt of the final report of the Bonus Review Committee . The Committee's report is awaited . In the meanwhile, the bonus for the year commenc- ing on any day in the year 1972 has become payable . Pending the receipt of the final report of the Bonus Review Committee it is con- sidered necessary to provide for the payment of a minimum bonus in respect of the accounting year commencing on any day in the year 1972 at the rate of 8-1 / 3 per cent . of the salary or wage of an employee and for the deposit of a part of the bonus , in certain cases , in the provident fund accounts of the employees .
3. The present Bill seeks to achieve the above object .
NEW DELHI;
The 7th August , 1973.
K. V. RAGHUNATHA REDDY.
B. N. BANERJEE ,
Secretary,
FRINTED BY THE MANAGER, GOVERNMENT OF INDIA PRESS , MINTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS , DELHI, 1973