Dear Sir/Madams,
Is there any Act/Law vide Finance Ministry or any other Governmental Agency, whereby Salary payment (regular permanent employees of a mfg co.) can be made mandatory through Bank Payment only ?
Is there any case in any court of law related to the above subject ?
Quoting The Payment of Wages Act, 1936
6. Wages to be paid in current coin or currency notes - All wages shall be paid in current coin or currency notes or in both
5* [Provided that the employer may, after obtaining the written authorisation of the employed person, pay him the wages either by cheque or by crediting the wages in his bank account.]
Thanks & Regards
Is there any Act/Law vide Finance Ministry or any other Governmental Agency, whereby Salary payment (regular permanent employees of a mfg co.) can be made mandatory through Bank Payment only ?
Is there any case in any court of law related to the above subject ?
Quoting The Payment of Wages Act, 1936
6. Wages to be paid in current coin or currency notes - All wages shall be paid in current coin or currency notes or in both
5* [Provided that the employer may, after obtaining the written authorisation of the employed person, pay him the wages either by cheque or by crediting the wages in his bank account.]
Thanks & Regards