Amendment status not verified — confirm the current text below against the official source.
POWER TO EXEMPT; (1) If any employer has already created Gratuity Fund or obtained an insurance from the Life Insurance Corpora tion of India under the Payment of Gratuity Act, 1972, he may be exempted from the purview of this Act, if the Controlling Authority is satisfied that such Fund or the insurance from the Life Ir-surance Corporation of India covers the full Gratuity liability in respect of thia employees coveted under thia Act. 2) In case cf any complaint about non-payment of gratuity or non-payment of premium to the insurance fey the exempted employer, the Controlling Authority shall serve such employer with a notice to pay the same within such period, in such manner as raey be specified on the notice and in case tie employer fails to do so the exemption, granted under sub-section (I) of this secion shall he revoked.