Provides for a scheme for the payment of gratuity to employees engaged in factories, mines, oilfields, plantations, ports, railway companies, shops or other establishments. The Payment of Gratuity Act is administered by the Central Government in establishments under its control, establishments having branches in more than one State, major ports, mines, oil fields and the railways and by the State governments and Union Territory administrations in all other cases.
Tag: ACT
Act: Professional Tax Act
In India some of the States have introduced their respective Professional Service Tax Act whereby providing for levy and collection of a tax on professions, trades, callings and employments for the benefit of the State.
Act: Sale of Goods Act
The Act provides for responsibility of the seller to ensure that goods sold are of merchantable quality and are fit for the purpose for which they are required by the buyer etc. The Act has relevance to products liability insurance.
Act: Shop and Establishment Act
Every State and Union Territory of India has its own Act providing for registration of the Shop/Establishment.
Act: The Multimodal Transportation of Goods Act, 1993
An Act aimed at developing international multimodal transport which would reduce logistics costs and thus make Indian products more competitive in the global market. The Act established licensing requirements, contractual terms (through the Multimodal Transport Document) and liability regime. The Act was again amended in year 2000 to give more protection to exporters. India allows 100% FDI in maritime infrastructure like ports, terminals, jetties, harbors, merchant shipbuilding as well as in support infrastructure like warehousing, roads and Inland Water Transport.
Act: The Public Liability Insurance Act, 1991
This is an Act to provide for compulsory public liability insurance for the purpose of providing immediate relief to the persons affected by accident occurring while handling any hazardous substance and for matters connected therewith or incidental thereto. The Act gives relief on principle of No Fault and prescribes the limits of relief for death, injury, property damage etc.
Act: Water (Prevention and Control of Pollution) Act, 1974
The Central and State Pollution Control Boards are established under this Act. The function of the Board, inter alia, is to control sewage and industrial effluent discharge. The consent of the Board is required to establish any industry which is likely to discharge sewage or trade effluent.
Act: Workmen’s Compensation Act now changed as Employees Compensation Act 2011
The Worker’s Compensation (Amendment) Act, 2009 is now renamed as the Employees’ Compensation (Amendment) Act, 2009 and wherever “workman” or “workmen” is mentioned in the entire Act the same needs to be read as “Employee. (2) The compensation payable on death from the injury, is (i) minimum of Rs. 80000 is increased to Rs. 120000 or (ii) 50% of the monthly wages of deceased multiplied by the relevant factor. (3) The compensation payable on Permanent Total Disablement from the injury, is (i) minimum of Rs. 90000 is increased to Rs. 140000 or (ii) 60% of the monthly wages of deceased multiplied by the relevant factor.
Indian Railways Act, 1890
(as amended from time to time the latest being Indian Railways Act 2005)The Act deals with various aspects of Railways administration as is relevant also to marine Insurance practice as it deals with the responsibility of Railway administration as carriers. The Railways Claims Tribunal Act 1987 provides for formation of Tribunals to deal with claims for cargo loss, personal injuries, refund of excess freight etc., and prescribes procedures thereunder.