Labour Law Audit envisages a systematic scrutiny of records prescribed under labour legislations by a professional like Company Secretary, who shall report to the compliance and non-compliance/extent of compliance and co

Important compliance points to be checked under the Payment of Bonus Act, 1965; The Payment of Bonus Act, 1965 is applicable to the company. Computation of available surplus, allocable surplus and bonus are correctly arrived at. Any amount has been deducted from bonus and if so, whether it is in accordance with the provisions of section 18 Bonus is paid to the eligible employees. The minimum or maximum amount of bonus paid is in accordance with section 10 or section 11, as the case may be. The company has paid bonus to the employee: Where there is a dispute regarding payment of bonus pending before any authority under section 22-within a month from the date on which the award becomes enforceable or the settlement comes into operation, in respect of such dispute; In any other case-within a period of eight months from the close of the accounting year. The company has maintained the registers as provided in rule 4. The company has submitted the annual return of payment of bonus to the Inspector in Form No. D within thirty days after the expiry of the time limit prescribed in section 19.