Industrial Relations And Labour Laws
Executive - Payroll
Sr. Personnel Officer
C K Das
27th January 2008 From India, Hyderabad
28th January 2008 From India, Kannur
I have read the referred section [Sec 2 (f)(iii)]. But reads about the meaning for Employer. Whereas, section 2 (e) tells about the employee. Where I need a clarification, whether the "such person is employed in a managerial or administrative capacity" refers to Director/Managing Director or till the level of CEO only.
My question is, any specification in the Gratuity Act for payment of gratuity to its Director or Managing Director [Whether if he holds any share in that company or not]? Is a Director eligible to draw the Gratuity?
7th June 2011 From India, Madras
As per Rule 102 of the same - Admission of director to a fund-restricted to those owing not more than 5% of voting rights
22nd January 2015 From India, Mumbai