'Establishment in Public Sector' under Payment of Bonus Act, 1965 means and includes a corporation in which not less than forty percent of its capital is held by:

CS Executive · Industrial, Labour & General Laws · PYQS · December 2017
'Establishment in Public Sector' under Payment of Bonus Act, 1965 means and includes a corporation in which not less than forty percent of its capital is held by:
(A) The Government
(B) The Reserve Bank of India
(C) A corporation owned by the Government or the Reserve Bank of India
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Payment of Bonus Act, 1965

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