Dear Experts,
One MNC company is covered under Bonus Act, and paid the Bonus up to 2010-11(with ex-gratia for more than cealing limited employees),due to sever losses the company is merged with another MNC without distrubing the employees. Now for the financial year 2011-12 the current MNC company not willing to pay the Bonus the reason to say "losses". Is it justifiable ? Even if they not paying minimum Bonus.
Regards,
PBS KUMAR
One MNC company is covered under Bonus Act, and paid the Bonus up to 2010-11(with ex-gratia for more than cealing limited employees),due to sever losses the company is merged with another MNC without distrubing the employees. Now for the financial year 2011-12 the current MNC company not willing to pay the Bonus the reason to say "losses". Is it justifiable ? Even if they not paying minimum Bonus.
Regards,
PBS KUMAR