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CS Executive · Setting Up of Business, Industrial and Labour Laws · The Code on Wages, 2019

Which of the following sets of employees is among those to whom the Chapter on bonus under the Code on Wages, 2019 does NOT apply?

Employees employed by the Reserve Bank of India are excluded from the Chapter. The Code lists them among the categories to which nothing in the Chapter applies, whereas ordinary private companies, banking companies and partnership firms with twenty or more persons are not excluded.

  1. AEmployees of a private limited manufacturing company with 500 workers
  2. BEmployees of a private sector bank branch
  3. CEmployees employed by the Reserve Bank of IndiaCorrect
  4. DEmployees of a partnership firm having 30 workers

Explanation

Section 41(1)(f) excludes employees employed by the Reserve Bank of India. The private company, bank branch and partnership firm are not listed in the exclusions, and the 20-person rule can bring establishments of 20 or more within the Chapter.

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