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<h1>Inclusion of banking companies expands coverage under the payment of bonus law; Industrial Reconstruction Corporation also newly included.</h1> The amendment to section 32 substitutes clause (vii) to include employees employed by a banking company, inserts a new sub-clause under clause (ix) to include the Industrial Reconstruction Corporation of India, removes the parenthetical exclusion of banking companies from an existing sub-clause in clause (ix), and omits clause (x) entirely, thereby reducing exclusions and broadening coverage under the Act.