Hi, Can anyone pls let me know if we have to apply for Form A (Gratuity Act) even if your company was started 50 yrs before the act was enacted? Regards, Swathy T Branch HR Exec - South HUL
From India, Madras
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From India, Madras
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Applicability of the Payment of Gratuity Act
Whenever an act is passed, it will be applicable to all existing establishments under its purview. Therefore, the required forms are to be sent by the existing companies as well. According to the Payment of Gratuity Act, gratuity is payable only to those who leave the company after rendering continuous service of five years. Hence, a person leaving after two or three years is not eligible to receive it.
Regards,
Madhu.T.K
From India, Kannur
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4612Whenever an act is passed, it will be applicable to all existing establishments under its purview. Therefore, the required forms are to be sent by the existing companies as well. According to the Payment of Gratuity Act, gratuity is payable only to those who leave the company after rendering continuous service of five years. Hence, a person leaving after two or three years is not eligible to receive it.
Regards,
Madhu.T.K
From India, Kannur
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Abstract of PAYMENT OF GRATUITY ACT & RULES, 1972, FORM U[1].doc
Form-F--Notice for Payment of Gratuity Act-Rule 8..pdf
Payment of Gratuity Act, 1972 & The Rules.ppt