Subs. by Act 22 of 1987, sec.8, for “at the rate of 9 percent per annum” (w.e.f. 1-10-1987). — The PAYMENT OF GRATUITY ACT, 1972

Subs. by Act 22 of 1987, sec.8, for “at the rate of 9 percent per annum” (w.e.f. 1-10-1987).

1. Subs. by Act 22 of 1987, sec.8, for “at the rate of 9 percent per annum” (w.e.f. 1-10-1987). by notification, specify], from the date of expiry of the prescribed time as arrears of land revenue and play the same to the person entitled thereto: 1[Provided that the controlling authority shall, before issuing a certificate under this section, give the employer a reasonable opportunity of showing cause against the issue of such certificate. Provided further that the amount of interest payable under this section shall, in no case exceed the amount of gratuity payable under this Act.] (i) If gratuity is not paid, it must be paid with compound interest at the rate prescribed under section 8 of the Act, calculating till the date of payment; Nagar palika v. controlling Authority, (1988) 57 FLR 425 (All). (ii) Interest is admissible only if a certificate for recovery of dues as a public demand has been issued; Charan Singh v. Jt. Labour Commissioner-cum- Appellate Authority, Air 1907 Pat 96.

Section 1