Amendment status not verified — confirm the current text below against the official source.
In s~ction 6 of the principal Act, the following ~f;:~:. 1;y. 11~ proviso and the Explanation shall be added, HIZCi. namely :- "Provided th11t notwithstanding; anything con- tained in the Payment cf Bonus Act, 1965, one-third of the amount bf any bonus payable to an employed person in a particular year in excess of rupees forty may be paid or mvested into the National Defence t.:ertificates or National Savings Certificates (First Issue), if the said employed person records his assent by furnishing a1no-objection certificate, in the manner to be prescribed, to hi5 employer. Explanation.-Fcr the purposes of this section, the expression (1 J "Wages" shall include any bonus of the description given in sub-clause (1) of clause (vi) ef section 2 ; and (2) "bonus'' means bonus payable to an employed person under the terms of employment or under an award or settlement or order of a Court, and also includes any bonus of the description "given_in !ub-clauso (1) of clause (vi) of section !." B. SARMA, Secy. to the Go..-t. of Assam, Law Departm~t. · . . 8IDLLO?(G •- Pri11ted avd published by the S11pcrinicD4.~. A-t» Government Pre11 (Ex-Gazette) No. 11-1,334+20--2!·1-1970 ..