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Latest amendment in Gratuity Act 1972

Last post June 15, 2010 08:49 AM by suvarnadere. 1 repiles.

May 21, 2010 05:22 AM 1
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Latest amendment in Gratuity Act 1972

Dear All, The Payment of gratuity Act 1972 provides for the payment of gratuity to the employees engaged in factories, oilfields, mines, plantations, port, railway companies or shop & establishment etc. Gratuity is reward payable by the employer to the employee/worker on completion of minimum 5 years of long services with the employers. latest amendment in this act is pass in parliament on April 22, 2010, entails-in enhancing the ceiling from Rs. 3,50,000 to Rs. 10,00,000. This amendment was done on April 8, 2010 and shall be implemented with immediate effect. Thanks Chandra Prakash
May 21, 2010 08:512
hopegovind
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Re: Latest amendment in Gratuity Act 1972

Hi

Thanks a lot for update

Can you please provide copy of such gadget notification

Regards
Govind
May 22, 2010 06:513
psaluja
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Re: Latest amendment in Gratuity Act 1972

GRATUITY AMOUNT PAYABLE UNDER PAYMENT OF GRATUITY ACT ENHANCED FROM 3.5 LAKHS TO 10 LAKHS

 

Payment of Gratuity (Amendment) Act, 2010 (No. 15 of 2010), dated 17-5-2010

An Act further to amend the Payment of Gratuity Act, 1972.

Be it enacted by Parliament in the Sixty-first Year of the Republic of India as follows:-

Short title and commencement.

  1. (1) This Act may be called the Payment of Gratuity (Amendment) Act, 2010.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Amendment of section 4 of Act 39 of 1972.

2.      In section 4 of the Payment of Gratuity Act, 1972, in sub-section (3), for the words “three lakhs and fifty thousand rupees”, the words “ten lakh rupees” shall be substituted.
May 22, 2010 08:054
Achu
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Re: Latest amendment in Gratuity Act 1972

Thanks a lot sir. For updation. Would like to know if there is any updates in ESI Act too.

May 24, 2010 08:365
psaluja
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Re: Latest amendment in Gratuity Act 1972

To be published in the Gazette of India. Part Il, Section 3, Sub-Section (i)]
GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
New Delhi, the 20th April, 2010
NOTIFICA TION
G.S.R. (E)- The following draft rules further to amend the Employees' State Insurance
(Central) Rules, 1950 were published as required under sub-section(l) of section 95 of the
Employees' State Insurance Act, 1948 (34 of 1948) in the notification of the Government of Indian
in the Ministry of Labour & Employment vide No. G.S.R.164(E), dated the 26th February, 2010, in
the Gazette of India, Part Il, Section 3, Sub-section (i), dated 27th February, 2010 for inviting
objections and suggestions from all persons likely to be affected thereby till the expiry of the
period of thirty days from the date on which the copies of the Gazette of India in which the said
notification was published, were made available to the public;
And whereas the copies of the said Gazette were made available to the public on 27th
February, 2010;
And whereas, objections and suggestions received from persons likely to be affected
thereby have been considered by the Government;
Now, therefore, in exercise of powers conferred by section 95 of the Employees' State
Insurance Act, 1948, the Central Government, after consultation with Employees' State Insurance
Corporation, hereby makes the following rules further to amend the Employees' State Insurance
(Central) Rules, 1950, namely:-
1. These Rules may be called the Employees' State Insurance (Central) Amendment Rules,
2010.
2. These shall come into force from the l " day of May, 2010.
3. In the Employees' State Insurance (Central) Rules, 1950, in Rule 50, for the words "ten
thousand", wherever they occur, the words "fifteen thousand" shall be substituted.
[F. No. S-38025/04/2010 -SS-I]
~~
S.D. XAVIER
Under Secretary
~~_I.
,
Foot Note:- The principal rules were published in the Gazette of India, Part IL Section 3,
Sub-section (i) vide notification number SRO 212, dated the 12nd June. 1950 and subsequently
amended vide the following notifications :-
l. G.S.R. No. 80, dated 09-01-1960
2. G.S.R. No. 1200, dated 27-09-1960
3. G.S.R. No. 594, dated 29-03-1963
4. G.S.R. No. 240, dated 06-02-1964
5. G.S.R. No. 1834, dated 18-12-1964
6. G.S.R. No. 474, dated 19-03-1965
7. G.S.R. No. 1082, dated 29-06.:1966
8. G.S.R. No. 545, dated 14-04-1967
9. G.S.R. No. 500, dated 06-03-1968
10. G.S.R. No. 677, dated 29-03-1968
11. G.S.R. No. 1106, dated 22-05-1968
12. G.S.R. No. 2113, dated 28-11-1968
13. G~.R. No. 306, dated 07-03-1974
14. G.S.R. No. 1122, dated 01-10-1974
15. G.S.R. No. 56, dated 23-12-1976
16. G.S.R. No.60, dated 05-01-1982
17. G.S.R. No. 129, dated 09-02-1987
18. G.S.R. No. 199, dated 06-03-1990
19. G.S.R. No. 76, dated 22-01-1991
20. G.S.R. No.368, dated 27-03-1992
2l. G.S.R. No. 522, dated 16-11-1996
22. G.S.R. No. 582(E), dated 23-12-1996
23. G.S.R. No. 225, dated 21-04-1997
24. G.S.R. No.226, dated 22-04-1997
25. G.S.R. No. 185, dated 01-09-1998
26. G.S.R. No. 129, dated 29-03-2000
27. G.S.R. No. 210, dated 27-03-2001
28. G-.S.R. No. 28, dated 02-01-2004 29. G.S.R. No. 172(E), dated 04-03-2004
30. G.S.R. No. 316, dated 18-09-2004
31. G.S.R. No. 322(E), dated 17-05-2005
32. G.S.R. No. 591(E), dated 22-09-2006
33. G.S.R. No. 465(E), dated 04-07-2007
34. G.S.R. No. 685(E), dated 31-10-2007
35. G.S.R. No. 254(E), dated 31-03-2008
36. G.S.R. No. 207(E), dated 27-11-2008
37. G.S.R. No. 136, dated 14-09-2009

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