1. The Payment of Wages Act, 1936 1
1.1 Introduction
1.2 Definition of Wages
1.3 Fixation of Wage Period and Time
1.4 Deductions from Wages
1.5 Offences and Penalties
1.6 Summary
1.7 Key Words
1.8 Self-assessment Questions
2. The Minimum Wages Act, 1948 15
2.1 Introduction
2.2 Important Definitions
2.3 Fixation of Minimum Rates of Wages
2.4 Important Case Laws
2.5 Offences and Penalties
2.6 Summary
2.7 Key Words
2.8 Self-assessment Questions
3. The Payment of Bonus Act, 1965 31
3.1 Introduction
3.2 Definitions
3.3 Eligibility for Bonus
3.4 Computation of Allocable Surplus
3.5 Payment of Bonus
3.6 Offences and Penalties
3.7 Summary
3.8 Key Words
3.9 Self-assessment Questions
4. The Payment of Gratuity Act, 1972
4.1 Introduction
4.2 Definitions
4.3 Payment of Gratuity
4.4 Penalties
4.5 Summary
4.6 Key Words
4.7 Self-assessment Questions 51
5. The Employee's Provident Funds and Miscellaneous
Provisions Act, 1952 65
5.1 Introduction
5.2 Definitions
5.3 Contributory prov ident Fun d Scheme
5.4 Employees' Pension Scheme
5.5 Deposit linked Insurance Plan
5.6 Payment of Provident Fund
5.7 Penalties
5.8 Summary
5.9 Key Words
5.10 Self-assessment Questions
6. The Employee's State Insurance Act, 1948
6.1 Introduction
6.2 Definitions 85
6.3 Adininistration of ESI Scheme
6.4 Benefits under ESI Scheme
6.5 Penalties
6.6 Schedules
6.7 Summary
6.8 Key Words
6.9 Self-assessment Questions
7. Workman's Compensation Act, 1923
7.1 Introduction
7.2 Definitions
7.3 Employer's Liability for Compensation
7.4 Payment of Compensation
7.5 Penalties
7.6 Summary
7.7 Key Words
7.8 Self-assessment Questions 115
8. Provisions of Indian Companies Act, 1956 Pertaining to
Capital and Investments 139
8.1 Introduction
8.2 Definitions
8.3 Incorporation of a Company
8.4 Share Capital
8.5 Debentures
8.6 Public Deposits
8.7 Inter Corporate Loans and Investments
8.8 Summary
8.9 Key Words
8.10 Self-assessment Questions
9. Provisions of Indian Companies Act, 1956 Pertaining to
Registration of Charge 161
9.1 Raising Finance from Banks / Financial Institutions
9.2 Registration of Charge with Registrar of Companies
9.3 Summary
9.4 Key Words
9.5 Self-assessment Questions
10. Annual Accounts and Balance Sheet 177
10.1 Introduction
10.2 Provisions Regarding Accounts
10.3 Contents of Balance Sheet and Profit and Loss Account
10.4 Summary
10.5 Keywords
10.6 Self-assessment Questions
11. Provisions Regarding Audit, Directors Etc. 195
11.1 Introduction
11.2 Directors
11.3 Audit
11.4 Corporate Governance
11.5 Miscellaneous Provisions
11.6 Summary
11.7 Keywords
11.8 Self-assessment Questions
12. Statutory Provisions of India's Foreign Trade 215
12.1 Introduction
12.2 Exchange Control Relating to Imports
12.3 Exchange Control Relating to Exports
12.4 The Foreign Trade (Development and
Regulation) Act, 1992
12.5 Summary
12.6 Keywords
12.7 Self-assessment Questions
13. Foreign Investment in India 239
13.1 Introduction
13.2 Important directives of RBI
13.3 Foreign Direct Investment
13.4 Foreign Technical Collaboration
13.5 Portfol io Investment
13.6 Opening of an Office in India
13.7 External Commercial Borrowings
13.8 ADRs/GDRs
13.9 Summary
13.10 Keywords
13.11 Self-assessment Questions
14. Facilities for Residents 265
14.1 Introduction
14.2 Travel Related Matters
14.3 Liberalised Remittance Scheme
14.4 Permissible Capital Account Transactions
14.5 Export and Import of Currency
14.6 Borrowing and Lending in Rupees
14.7 Acquisition and Transfer of Immovable Property
Outside India
14.8 Realisation, Repatriation and Surrender of
Foreign Exchange
14.9 Facilities for Foreign Nationals and Foreign Tourists
14.10Summary
14.11 Key Words
14.12 Self-assessment Questions
15. Facilities for Non Residents
15.1 Facilities for Non Residents
15.2 Non-Resident (External) Rupee Account Scheme
15.3 Foreign Currency (Non-Resident) Account (Banks)
Scheme
15.4 Non-resident Ordinary Rupee Account Scheme
15.5 Acceptance of Deposits on Repatriation Basis
15.6 Facilities for Foreign Nationals and Foreign Tourists
15.7 Facilities to Returning NRIs/PIO
15.8 Summary
15.9 Keywords
15.10 Self-assessment Questions 291
16. Central Excise Act, 1944
16.1 Definitions
16.2 Charging of Excise Duty
16.3 Valuation of Goods Chargeable to Duty
16.4 Offences and Penalties 317
16.5 Refund of Duty
16.6 Other Legal Provisions
16.7 Summary
16.8 Keywords
16.9 Self-assessment Questions
Appendix A: Abbreviations 353
Appendix B: Glossary 357