Amendment status not verified — confirm the current text below against the official source.
.l- ii ,virt ir:lrrtijd hr ict 39 oI 1973, *r.. 4 l!F.e.f . 14-t9?3). Settion 20 re-numbered as sub.section (l) thcreof by Act 66 of 27-12-1sBX). Earlier the brackeh and figu-re "(lJ" were orni ed se'c. 14(a) (w.r.e.l 25-9.197r, 23 o{ 1976, The Paymenl ot Eonus Act, 1965 lsec 20 cstablishment in ptrblic sector as they appty in relation to a like establishment in srtb-s{'ction { l). ntrthhrt: irl tili}i A{l 'h'lll r\, n{ llrtl tnlrnrj! drll] lo hr'!lt, 'llld 1l ll- ns lh.' Jplirofrli!t" ( '{l1fr]]n1t'lrl \: r!t(.rnNr!"rl {o drtr,t, i! slull trrur 'l r who shall p16r;9crl trl ror:(lvt'l lh(' iJlll{ in the sarne manner as an arrear t n'.l i"rfit""iade within one year from the lh* nnplol'*tl [r{)! lhe rlllplllt'1': lietn m.rv [rt- r'ntcrtlilrnl aitcr lhrr cxpirv roprirt{ i;o1'{:mmil!1t i:l s;1ti$fiilJ lhnt llr{: miking tht nFplii.ilirln rvilhrn lht' rrril iorc 22, 23, 24 and 251, "emPloYcc" ent of bonus under this Act bul who Act.-Where anY Pect to the bdnus Act to an esiablis rial disPute , or of anY Iial disPute aY bc, such ordinglY. iii, ,n" c,'-p"*.t rribunal will havc iurisdichon u'-'ll1:lT-ll ,i:1-ii"^1:::,::.iP.::; tfl' ut< Lvx'rtrr"r i1iii" r,.auuaon EnFloytc| lrr'nn ! Mahnmshtro co- disputc rais('d undcr this sr'cli'rn;. nF" , _ , ,;..., i"'du"i''i.*^- u"rinng teduitrcn Lt'J., (ts88) 56 Fl-R 29e (Bom) - -;;- r,:-:.:*-r:^- ',-+'n"t accuracy of balance-sheet an ra rt-aarrsnli^n ".ii".y'"f 'balance-sheet and profit and loss COMMENIS (i) lndtrlitrr,rl lribunal has iur|"qdtcti'm to Srant intcrcst on bonus award'irdi LID Panlv natij tul. v. t',.ustndl Tribunll. \lggl) I LL, 250 (Mad) ,,0 totp'"ni"t'-(1) where' during the course of trator or Tribunal under the Industrial Disputes AcL i',. -n.11 -.: f !976 sr":, -14{t') (wr.cf. 25-q-1975) 2 lLri,. l,r ,{!r t':r, ',1 lr'rlrl. rt'i' l:' rr'r'!1lri''1i ll L:.1 nrrtl ::' :":ri-f..-,1 ! r!J{r: l:rrlr': - ,f*.. ;"ra- rverc.rmcndqi by Act 23 oi 1976' scc l5 (w r' f,-:5-9'1975] ^-^,^.=, i|'*. ,'y "., 23 <tf 1976, s('c 16, for "and itr sections 2'l and 25' lwtel 259-197t) Subs. Uv ,qcr 66 of 1930 s!( 13, ft'r "\cction 25'(h"tc1 2l-li-I960) nd comPanies'-( l) Where' .-rlomon t .f indrrsltial di setllement of induslrial di , ii;;"i ;' ;i;.d;;14 unJ zs;'"t""ed to 1s, the,"said L'l i!i"l:l,:1,:':':lfjy i;;"";'..)iil; ';;;"i. #..iri"i il1 t"ttion 22 has beert referred' the balance-sheet l. lns. by Ad 66 of 1e60, $ec ll (w'el T:i3:1]-'.ol Earlier suFscclion {2} wns omitlcd .4 17 and fan corporation ora company (oth , du Comptroller and Auditor- Gen dul as auditors of companies und 226 he Companies Acl, 1956 (t ol 1956'), arc produced before it, then, the said arrthorify miy presume the statements and particulars contained in such balance-sheet and profit and loss account to be accurate and it shallnot bc necessary for the corporahon or the company to prove the accuracy of such statements and particulars by the filing of an affidavit or by ant' other modej Provided that where the said authority is satisfied that the statement and particulars contained in lhe balance-shect or the profil and loss account of the corporation or the company are not accurate, it mly take such steps as it thinks necessary to find out the accuracy of such rtatements and particulars. (2) When an application is made to t}le said authority by any trade union being a party to the dispute or where there is no trade union, by the ernployees being a party to rhe displrte, requiring any clarification relating to any il.em in the balance-sheet or the profit and loss account, it may, after satislying itself that such clarification is neces-sary, by order, direct the corporation or, as the case may bc, the company, to fumish to the trade union or the employees such clarification within such time as may be specified in the direction and the corporation or, as the case may be, the company, shall comply wjth such direction, COMMENTS The nuthoritv has to pre$ume lhe statemcnts and paaticulars conlaincd in the Balance-sbcct and the Ptufit and l,os,s Ac(ount lo be accurale unJcss the opposite parly applieli for cfnrificaHon; Wo*nen oJ India Ccwcnts Lli v. Indio Cemenls Lld,, (1984 57 Fl-R 349 (Mad) t[24. Audited accounts of banking companies not to be questioned.-(1) Where any dispute of the natur€ specified in section 22 between an employer, being a banking company, and its employees has been referred to the said authority under that section and drrring the course of proceedings the accounts of rhe banking company duly audited are produced before it, the said authoriry shall not permit any trade union or employees to question the correctness of such accounts, but the trade rrnion or the employees may be permitted to oblain from the banking company such information as is necessary for verifying lhe amount ol bonus due under this Act- (2) Nothing containedin sub-section (1) shall enable the trade union or the employees to obtain any information which the banking company is not compelled to fumish under the provisions of section 34A of the Banking Regulation Act,7949 (10 of 1949).1