"INTEREST ON DELAYED GRATUITY PAYMENT PAYABLE, RULES MADURAI BENCH OF HC” plus 1 more

INTEREST ON DELAYED GRATUITY PAYMENT PAYABLE, RULES MADURAI BENCH OF HC

Posted: 28 Oct 2010 08:28 PM PDT

An employee becomes eligible for gratuity on the termination of his employment after he has rendered continuous service for not less than five years, according to Section 4(1) of the Payment of Gratuity Act, 1972. He is also entitled for interest on the gratuity in terms of Section 7(3) and 7(3A). Making these clear, the Madurai Bench of the Madras High Court directed the Arumuganeri Salt Workers Co-operative Production and Sale Society Ltd, Thoothukkudi district, to pay the amount to its...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SEBI ALLOWS BOURSES TO EUROPEAN-STYLE OPTIONS TRADE

Posted: 28 Oct 2010 08:22 PM PDT

Capital market regulator the Securities and Exchange Board of India (Sebi) has allowed domestic exchanges to introduce Europeanstyle stock options, a move that is expected to boost volumes in these contracts. Currently, stock options on Indian exchanges are in the American style, which can be exercised during any time of the contract's tenure. With the introduction of European stock options, a buyer can exercise the contract only on the expiry day. Exercising an option means terminating...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Indian News Info