bonus act
This query is : Resolved
29 August 2009
what is the responsibility of the statutory auditor if the provisions of bonus act not complied by a public company?, say bonus paid more than 20% of the salary.& what if co. is private.
ANIL JANGID
(Expert)
05 October 2009
For contravention of the provisions of the Bonus Act or rules the penalty is imprisonment upto 6 months, or fine up to Rs.1000, or both.
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