[No. 45 OF 2007]
An Act further to amend the Payment of Bonus Act, 1965.
Be it enacted by Parliament in the
Fifty-eighth Year of the Republic of India as follows:—
Short
title and commencement
1.
(1) This Act may be called the Payment of Bonus (Amendment) Act, 2007.
(2) It shall be deemed
to have come into force on the 1st day of April, 2006.
Amendment
of section 2
2.
In section 2 of the Payment of Bonus Act, 1965 (21 of 1965) (hereinafter
referred to as the principal Act), in clause (13), for the words “three thousand
and five hundred rupees”, the words “ten thousand rupees” shall be substituted.
Amendment
of section 12
3. In section 12 of the
principal Act, for the words “two thousand and five hundred rupees”, at both the
places where they occur, the words “three thousand and five hundred rupees”
shall respectively be substituted.
Amendment
of section 32
4. In
section 32 of the principal Act, clause (vi) shall be omitted.
Repeal
and saving
5.
(1) The Payment of Bonus (Amendment) Ordinance, 2007 (Ord. 8 of 2007) is
hereby repealed.
(2) Notwithstanding such
repeal of the Payment of Bonus (Amendment) Ordinance, 2007, (Ord. 8 of 2007)
anything done or any action taken under the said Ordinance shall be deemed to
have been done or taken under the corresponding provisions of this Act.