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Sec 32 Payment of Bonus Act 1965: Act not to apply to certain classes of employees

Section 32 (Act not to apply to certain classes of employees) of the Payment of Bonus Act 1965

❝Nothing in this Act shall apply to—

(i) employees employed by any insurer carrying on general insurance business and the employees employed by the Life Insurance Corporation of India;

(ii) seamen as defined in clause (42) of section 3 of the Merchant Shipping Act, 1958 (44 of 1958);

(iii) employees registered or listed under any scheme made under the Dock Workers (Regulation of Employment) Act, 1948 (9 of 1948), and employed by registered or listed employers;

(iv) employees employed by an establishment engaged in any industry carried on by or under the authority of any department of the Central Government or a State Government or a local authority;

(v) employees employed by—
   (a) the Indian Red Cross Society or any other institution of a like nature (including its branches);
   (b) universities and other educational institutions;
   (c) institutions (including hospitals, chambers of commerce and social welfare institutions) established not for purposes of profit;

(viii) employees employed by the Reserve Bank of India;

(ix) employees employed by—
 (a) the Industrial Finance Corporation of India;
 (b) any Financial Corporation established under section 3, or any Joint Financial Corporation established under section 3A, of the State Financial Corporations Act, 1951 (63 of 1951);
 (c) the Deposit Insurance Corporation;
 (d) the National Bank for Agriculture and Rural Development;
 (e) the Unit Trust of India;
 (f) the Industrial Development Bank of India;
 (fa) the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989 (39 of 1989);
 (ff) the National Housing Bank;
 (g) any other financial institution (other than a banking company), being an establishment in public sector, which the Central Government may, by notification in the Official Gazette, specify, having regard to—
     (i) its capital structure;
     (ii) its objectives and the nature of its activities;
     (iii) the nature and extent of financial assistance or any concession given to it by the Government; and
     (iv) any other relevant factor;

(xi) employees employed by inland water transport establishments operating on routes passing through any other country.❞



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Notes:

The Payment of Bonus Act, 1965 was amended by the:
- the Insurance (Amendment) Act, 1968 (62 of 1968)
- the Payment of Bonus (Amendment) Act, 1969 (8 of 1969)
- the Central Labour Laws (Extension of Jammu And Kashmir) Act, 1970 (51 of 1970)
- the Payment of Bonus (Amendment) Act, 1972 (68 of 1972)
- the Payment of Bonus (Amendment) Act, 1973 (39 of 1973)
- the Payment of Bonus (Second Amendment) Act, 1973 (55 of 1973)
- the Payment of Bonus (Amendment) Act, 1974 (42 of 1974)
- the Payment of Bonus (Amendment) Act, 1976(23 of 1976)
- the Payment of Bonus (Amendment) Act, 1977 (43 of 1977)
- the Payment of Bonus (Amendment) Act, 1978 (48 of 1978)
- the Payment of Bonus (Amendment) Act, 1980 (5 of 1980)
- the Payment of Bonus (Second Amendment) Act, 1980 (66 of 1980)
- the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981)
- the Payment of Bonus (Amendment) Act, 1985 (30 of 1985)
- the Payment of Bonus (Second Amendment) Act, 1985 (67 of 1985)
- the National Housing Bank Act, 1987 (53 of 1987)
- the Small Industries Development Bank of India Act, 1989 (39 of 1989)
- the Payment of Bonus (Amendment) Act, 1995 (34 of 1995)
- the Payment of Bonus (Amendment) Act, 2015 (06 of 2016)

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