Extension of Bonus Act coverage to smaller establishments after notice, and alignment of applicable accounting year references. The amendments permit the appropriate Government, after at least two months' notice by notification, to apply the Payment of Bonus Act to establishments or classes of establishments with fewer employees than previously required, subject to a minimum threshold not below ten; they substitute the statutory historical accounting year references with the accounting year specified in the notification for those establishments and adjust related subsection wording to reference the number specified in the notification.
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Extension of Bonus Act coverage to smaller establishments after notice, and alignment of applicable accounting year references.
The amendments permit the appropriate Government, after at least two months' notice by notification, to apply the Payment of Bonus Act to establishments or classes of establishments with fewer employees than previously required, subject to a minimum threshold not below ten; they substitute the statutory historical accounting year references with the accounting year specified in the notification for those establishments and adjust related subsection wording to reference the number specified in the notification.
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