Section 2   [ View Judgements ]

Insertion of new section 43A in Act 23 of 1955


In the State Bank of India Act, 1955, after section 43, the following section shall be inserted, namely:-



"43A.Bonus.- ( 1 ) No officer, adviser or other employee other than an employee within the meaning of clause (13) of section 2 of the Payment of Bonus Act, 1965(21 of 1965) of the State Bank shall be entitled to be paid any bonus.



( 2 ) No employee of the State Bank, being an employee within the meaning of clause (13) of section 2 of the Payment of Bonus Act 1965(21 of 1965), shall be entitled to be paid any bonus except in accordance with the provisions of that Act.



( 3 ) The provisions of this section shall have effect notwithstanding any judgment, decree or order of any court, tribunal or other authority and notwithstanding anything contained in any other provision of this Act or in the Industrial Disputes Act, 1947, or any other law for the time being in force or any practice, usage or custom or any contract, agreement, settlement, award or other instrument."

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