News Topics

Can a company deny to pay bonus to its employee...

Can a company deny to pay bonus to its employees for the first five years of its incorporation?

Can a company deny to pay bonus to its employees for the first five years of its incorporation?

0
Jeeba Aug. 03, 2018

Yes.
The law provides a relief for the new establishment if it is in its baby stage of fewer than five years.

The act states that a new establishment up to the first five years of its incorporation may not pay a bonus if it does not have any allocable surplus to pay bonus.

Can a company deny to pay bonus to its employees for the first five years of its incorporation?

Hi' there!

Would you like to receive a free callback in

Yes
×

Hi there!

Would you like to receive a free callback in

Yes
×

Hi newslogin!

Would you like to receive a free callback in

Yes
×

Hi newslogout!

Would you like to receive a free callback in

Yes
×

Hi querylogin!

Would you like to receive a free callback in

Yes
×

Hi querylogout!

Would you like to receive a free callback in

Yes
×