Mmo 2024 Gratuity Act

Mmo 2024 Gratuity Act.  — section 4a of the act mandates every employer to compulsorily acquire insurance for his liability towards payment of gratuity under the act (insurance), once.  — the payment of gratuity act provides for penalties and legal actions against employers who fail to comply with the gratuity payment obligations.


Mmo 2024 Gratuity Act

The act provides for payment of gratuity at the rate of 15 days wage s for each completed year of service subject to a maximum of rs. It serves as a financial security net for employees, especially after.

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