Gratuity is a statutory payment to be made by an employer to an employee rendering five or more years of continuous service in an establishment. 2. b) On his retirement or resignation, or . Section 13 in The Payment of Gratuity Act, 1972 13. Ghule Aishwarya Jeevan (2k161078) Gund Narayani Rajesh (2k161079) Jadhav Shivanjali Shantanu (2k161082) Jagtap Ankita Ajeetkumar (2k161083) Kamble Sonali Balbhim (2k161086) Kavade Shriya Ramhari (2k161088) Kulkarni Sukanya Vinod (2k161090) 2. Your email address will not be published. The rules and regulations being prescribed in Gratuity Act 1972 need to be amended from time to time and Labour Ministry tries to provide full justice by making amendments to the above act, in the national Parliament. Payment of Bonus Act, 1965 - MCQs with answers - Part 2 1. Name * Email * Website. When is an individual eligible to receive gratuity? BE it enacted by Parliament in the Twenty-third Year of the Republic […] It is a retirement benefit plan offered by employers payable to the employee upon leaving the job. • iv. Payment of Gratuity .. Trade Dispute Act, 1929. a) On his superannuation, or. A retrenched employee is also eligible for gratuity. The Payment of Gratuity Act, 1972 is an act to provide gratuity to the employees working in factories, oil fields, plantations, ports, etc.. a. The gratuity is payable on superannuation or retirement as well as on resignation of the employee. 03 Jul. November 26, 2019 at 8:19 am . Reply. INDUSTRIAL LABOUR AND GENERAL LAWS ICSI MCQs 305 HR Labour Laws Dimr Edu In June 20th, 2018 - MCQs 305HR ± Labour Laws Page 1 Of … Second is the Chhattisgarh Rajya Gramin Bank (Officers & Employees)Service Regulations, 2013 (hereinafter referred as “the Regulations of 2013”). Payment of Gratuity Act. Background. This Act provides a social security cause with it and has been enacted from the word “gratuitous”. Gratuity payments in India are governed by the rules and requirements set out in the Payment of Gratuity Act, 1972. Time when Gratuity becomes payable: – As per section 4(1) of payment of gratuity Act 1972, gratuity shall be payable to an employee on termination of his employment after he has rendered continuous service of five years or more. Payment of Gratuity Act Current Affairs - 2020. Multiple Choice Questions Book On HRM Amp IR Amp Labour. Trade Dispute Act, 1929. b. The Payment of Gratuity Act 1972 (39 of 1972) comes into force on 16-September-1972. Payment of Gratuity Act, 1972. Sec. The payment of gratuity act, 1972 1. Recently the Act has been amended twice to enhance the ceiling on amount of gratuity as well as to widen the scope of the definition of “employee” under section 2 (e) of the Act. The significance of this legislation lies in the acceptance of the principle of gratuity as a compulsory statutory retiral benefit. ), retirement, resignation, death or disablement. It is provided that in so far as it relates to plantations or ports, it shall not extend to the State of Jammu and Kashmir. The Payment of Gratuity Act 1972 (The Payment of Gratuity (Amendment) Act, 2018) The employee on termination of his employment from the specified establishment becomes entitled for payment of gratuity from his employer provided he has rendered continuous service of not less than five years. No comments. The Payment of Gratuity Act, 1972 is largely based on Kerala Industrial Employees Payment of Gratuity Act, 1972. • ii. (In the case of plantations and ports, it shall not extend to the state of Jammu and Kashmir).It came into effect from 16th September 1972.; Important points: The earliest Indian statute to regulate the relationship between employer and his workmen was _____ a. To which organization gratuity is applicable? 527 PAYMENT OF GRATUTY AN ACT TO PROVIDE FOR THE PAYMENT OF GRATUITY BY EMPLOYERS TO THEIR WORKMAN, FOR THE AMENDMENT OF THE LAND ACQUISITION ACT, THE LAND REFORM LAW AND THE INDUSTRIAL DISPUTES ACT, AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO. 39 OF 1972 [21st August, 1972.] View Answer. It extends to the whole of India. Introduction “Gratuity” is a retirial benefit which is paid by an employer to an employee in consideration of his past services at the time of his retirement or after his death. Latest Posts. Gratuity is the part of the salary that is received by the employee for the services rendered by the employees in an organization. On 21-August-1972 both houses of Parliament passed the Payment of Gratuity Bill and received the assent of the President of India. EduRev is like a wikipedia just for education and the Penalties - Payment of Gratuity Act(1972), Industrial Laws B … Once a person works for more than 5 years in an organisation, he/she becomes eligible to receive gratuity. Payment of Gratuity Act, 1972 Section: 3 Controlling authority The appropriate Government may, by notification, appoint any officer to be a controlling authority, who shall be responsible for the administration of this Act and different controlling authorities may be appointed for different areas. MCQ’s on Contract Labour Act 1970 with answers. [NO. The Payment of Gratuity Act, 1972: Long Title: An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. d. Employees Act. Income Tax Department > Tax Laws & Rules > Acts > Payment of Gratuity Act, 1972 Income Tax Department > All Acts > Payment of Gratuity Act, 1972 Choose Acts: Section No. Be it enacted by Parliament … 1969. Under the gratuity act 1972, every establishment with more than 10 employees has to provide gratuity to its employees. Text Search: 20 Record(s) | Page [1 of 2] Section - 1. Applicable to all companies including shops, … Labour Laws Blogspot Com. Short title, extent, application and commencement. The Payment of Gratuity Act, 1972. MCQ’s In Labour Laws With Answers Speak HR. Parliament passes Payment of Gratuity (Amendment) Bill, 2017. 2 The Payment of Gratuity Act, 1972 1 THE PAYMENT OF GRATUITY ACT, 1972 Sec. It extends to the whole of India. March 23, 2018. You may also Like: Purpose and Functions of Labour Legislation. View Answer. One thought on “ PAYMENT OF GRATUITY ACT, 1972 ” Ratna mishra says: Great experience while solving. 39 OF 1972] [21st August, 1972] An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, Railway companies, shops or other establishments. Date Between [Name in full of the applicant with full address] and [Name in full … The Payment of Gratuity Act has been amended from time to time to bring it in tune with the prevailing situation. Eligibility: Any person employed on wages / salary. Application No. The Bill seeks to amend Payment of Gratuity Act, 1972 on two issues related to maternity leave and ceiling of gratuity payable to an employee. Section: 4 Payment of gratuity. The Payment of Gratuity Act, 1972 is an act that provides a scheme for the payment of gratuity to employees working in railways, ports, factories, oilfields, plantations, mines, shops or other establishments and for matters connected therewith or incidental thereto. 2. ANSWER: d. All of the above . First is the Payment of Gratuity Act, 1972 which is a central Act (hereinafter referred as “the Act of 1972”). Gratuity is calculated on the basis of last drawn salary and years of service. While Section-4 of the soon to be erstwhile Act provided for superannuation, retirement/resignation and death/disablement as conditions that triggered payment of gratuity, Section-53 of the Code has added two additional clauses. 9. Payment of Gratuity Act, 1972. [31st March, 1983.] Applicability. This Act may be cited as the Payment of Gratuity Act… The Parliament has passed Payment of Gratuity (Amendment) Bill, 2017 to empower government to fix period of maternity leave and tax-free gratuity amount with an executive order. c. Industrial Relation Act. The Payment of Gratuity Act,1972 was enacted with sole objective of providing gratuity i.e., a monetary award given for services rendered to the employees working in the factories, oilfields, mines, plantations, railway companies, shops or other establishments upon their superannuation (e.g.,old age retirement amount,etc. Posted by CompliFact Editor on August 25, 2016. In India, gratuity is a type of retirement benefit. This Act may be called the Payment of Gratuity Act, 1972. Question Bank Mcqs 178 Wage Employment Scribd. WORKMEN COMPENSATION ACT, 1923 . PAYMENT OF GRATUITY ACT, 1972 FQA's 1. The Payment of Gratuity Act was enacted in 1972 and applies to every shop or establishment within the meaning of law for the time being in force in a State in which 10 or more persons are employed or were employed on any day of the preceding 12 months. An Act to provide for a scheme for the payment of gratuity to employees engaged in … What is gratuity? The Parliament has passed Payment of Gratuity (Amendment) Bill, 2017 to empower government to fix period of maternity leave and tax-free gratuity amount with an executive order. 3. Factories Act. Complete Penalties - Payment of Gratuity Act(1972), Industrial Laws B Com Notes | EduRev chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out B Com lecture & lessons summary in the same course for B Com Syllabus. The first noticeable change under the Code is the addition of two extra clauses to the provision on payment of gratuity. The Payment of Gratuity Act, 1972 is applicable to any company/ establishment employing 10 or more employees. Leave a Reply Cancel reply. a. On what grounds an employee will be disqualified from getting bonus? At the time of retirement, resignation or superannuation, an employee should have rendered continuous services of not less than 5 years. c. 1972. d. 1991. PART I 1. 2. Before the Controlling Authority under the Payment of Gratuity Act, 1972. Labour Law MCQ Payment Of Gratuity Act 1972 Test. An individual is eligible to receive the gratuity once he/she has completed five years of service with an employer. As per the Gratuity Act, employer who employs ten or more than ten employees on any day of proceeding one year need to pay gratuity to his employees. An Act to provide for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments and for matters connected therewith or incidental thereto. Gratuity is payable to an employee on i) superannuation, ii) resignation and iii) death/ disablement. PAYMENT OF BONUS ACT, 1965. Protection of gratuity.—No gratuity payable under this Act 39 [and no gratuity payable to an employee employed in any establishment, factory, mine, oilfield, plantation, port, railway company or shop exempted under section 5] shall be liable to attachment in execution of any decree or order of any civil, revenue or criminal court. Fraud b. Riotous or violent behaviour while on the premises c. Theft, misappropriation or sabotage of any property of the establishment d. All of the above View Answer / Hide Answer . c) On his death or disablement* due to accident or disease. • ii . 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