CMA Intermediate · Business Laws and Ethics · Payment of Gratuity Act, 1972
Under Section 57(3) of the Code on Social Security, 2020, an employer will NOT be registered with the competent authority for gratuity purposes unless the employer:
Registration is barred unless the employer has taken the gratuity insurance under Section 57(1) or has established an approved gratuity fund under Section 57(2). No deposit with Government or employee consent is required by that provision.
- Ahas taken the insurance or has established an approved gratuity fundCorrect
- Bhas deposited one year's gratuity with the Government
- Chas obtained consent of all employees
- Dhas employed workers for ten years
Explanation
Section 57(3) requires every employer to get the establishment registered, and bars registration unless insurance under sub-section (1) has been taken or an approved gratuity fund under sub-section (2) has been established. The other options are not conditions.
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