available surplus under Section 5 of the Payment of Bonus Act revealed that no available surplus, much less the allocable surplus existed for the year ... management and of having independently to determine the available surplus and allocable surplus and to decide on that basis the quantum of bonus payable
employer has allocated surplus in the accounting year. Where in an accounting year, the allocable surplus exceeds the amount of minimum bonus payable ... Others , the Supreme Court held that in the absence of any allocable surplus for the concerned accounting year, only minimum bonus is payable".
Further
years 1993-94 and 1994-95 and found out the allocable surplus which is in his possession. Sub- section 2 of Section ... absence of relevant records. Admittedly management is having audited accounts showing allocable surplus but it is not forthcoming. In these circumstances it can only
calculating the allocable surplus, as per the provisions of the payment of bonus Act; that one day if the allocable surplus arrived at warrants payment ... arrived at for the year in question; that there was no allocable surplus and therefore the minimum bonus of 8.33 per cent was paid
accordance with the schedule to the Payment of Bonus Act , the allocable surplus would permit the payment of bonus at a rate, which would
respect of any accounting year referred to in Section 10 the allocable surplus exceeds the amount of minimum bonus payable to the employees under that
rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year. Section 11 deals with payment of maximum bonus ... cent of the salary or wage of the employee depending upon allocable surplus in that accounting year. Section 19 of the Act mandates that
The Insurance Regulatory And Development Authority (Actuarial Report And Abstract) Regulations, 2000
UNION OF INDIA
