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News Misc. Corporate Laws & Other Commercial Policies

  • Feb 17, 2017
  • Wage payment via cheques or e-mode, Prez gives nod to law

    The central and state governments can now specify industrial units and other establishments to pay wages either through cheques or by electronically transferring into the workers' bank accounts, as per a new law. President Pranab Mukherjee has recently given assent to the Payment of Wages (Amendment) Act, 2017, an official order said. A Bill in this regard was passed by Parliament in the just-concluded first-half of the Budget Session.

    Source - http://economictimes.indiatimes.com