1968 (2) TMI 128

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....ttach the bonus amount due to him. He is a worker in the employ of the Madurai Mills Co. Ltd., Vikramasingapuram. The attachment was objected to on the ground that bonus was part of the wages and was not liable to attachment under Section 60, Civil P. C. The Court below rejected the objection in the ground that the Bonus Ordinance, 1965, had no retrospective effect. It came into force on 29th May ....

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....y subsequent accounting year. "Accounting year" also is defined to mean, in relation to a company, the period in respect of which any profit and loss account of the company laid before it in annual general meeting was made up. It is not clear when the profit and loss account of the company was laid before the annual general meeting of the company in this case. But what matters is the per....