Dear friends,
I am attaching copy of Payment of Bonus (Maharashtra Amendment) Ordinance 2010 issued by Governor of Maharashtra on 17.9.2010 which amends Payment of Bonus Act in its application to the State of Maharashtra.
As per the amendment, bonus under the Act shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee, and not in cash.
Regards,
PC Agrawal
I am attaching copy of Payment of Bonus (Maharashtra Amendment) Ordinance 2010 issued by Governor of Maharashtra on 17.9.2010 which amends Payment of Bonus Act in its application to the State of Maharashtra.
As per the amendment, bonus under the Act shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee, and not in cash.
Regards,
PC Agrawal
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