Query in bonus act - urgent
This query is : Resolved
14 November 2008
Hi,
What is bonus Vs Ex gratia.
Whether can i pay bonus at the rate of 16% when there is no allocable surplus i.e. 8.33% alone was required to be paid.whether can i call it exgratia.
Reply with authenticated case laws or references from Acts.
What is bonus Vs Ex gratia.
Whether can i pay bonus at the rate of 16% when there is no allocable surplus i.e. 8.33% alone was required to be paid.whether can i call it exgratia.
Reply with authenticated case laws or references from Acts.
14 November 2008
I have already replied your same query
17 November 2008
Ex gratia (sometimes ex-gratia) is Latin (lit. 'by favour') and is most often used in a legal context. When something has been done ex gratia, it has been done voluntarily, out of kindness or grace. In law, an ex gratia payment is a payment made without the giver recognising any liability or legal obligation.
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