Page 161 - DMGT306_MERCANTILE_LAWS_II

Mercantile Laws – II

Notes Fines: A fine is money paid usually to superior authority, usually governmental authority, as a
punishment for a crime or other offence.

Remuneration: Remuneration is the total compensation that an employee receives in exchange
for the services he/she performed for the employer.

Wages: Wages means all remuneration's expressed in terms of money or capable of being so
expressed which would, if the terms of employment, express or implied, were fulfilled, be
payable to a person employed in respect of his employment or of work done in such employment.

8.10 Review Questions

1. Write short note on industrial establishment.
2. What are the basic provisions of the Payment of Wages Act, 1936 Act?

3. Explain the various responsibility of Payment of Wages Act, 1936 Act.
4. Explain two methods for computation and fixing of wages.
5. What are the rules in Payment of Wages Act?

6. Discuss about the exemption from compliance with the time limit for Payment of Wages.
7. What is Fines? Explain the rules apply to deductions by way of fines.
8. What are the deductions for recovery of advances?

Answers: Self Assessment

1. False 2. True
3. Coin or currency notes 4. Working day
5. 28th March, 1937 6. month or complete month
7. five 8. Basic Rate of Pay; Gross Rate of Pay
9. True 10. False

11. True 12. True
13. True 14. True
15. True

8.11 Further Readings

Books Davidov, Guy & Langille, Brian (2011), “The Idea of Labour Law,” Oxford University
Press.
Davis, Ja E (2012), “Labour Laws,” General Books.
Kumar, H.L. (2010), “Labour Laws,” Universal Law Publishing.
Rao, VSP (2008), “ Industrial Relations & Labour Laws,” Excel Books.

Singh, B.D. (2009), “Labour Laws for Managers,” Excel Books India.

156 LOVELY PROFESSIONAL UNIVERSITY