Page 163 - DMGT306_MERCANTILE_LAWS_II

Mercantile Laws – II Gopika Juneja, Lovely Professional University

Notes Unit 9: Minimum Wages Act, 1948

CONTENTS
Objectives
Introduction

9.1 Object and Scope of the Act
9.2 Important Definitions
9.3 Fixation of Minimum Rates of Wages [Section 3(1)(A)]

9.3.1 Revision of Minimum Wages
9.3.2 Manner of Fixation/Revision of Minimum Wages
9.3.3 Minimum Rate of Wages (Section 4)
9.3.4 Procedure for Fixing and Revising Minimum Wages (Section 5)
9.3.5 Fixing Hours for a Normal Working Day (Section 13)

9.3.6 Payment of Overtime (Section 14)
9.3.7 Wages of a Worker who Works less than Normal Working Day (Section 15)
9.3.8 Minimum Time – Rate Wages for Piece Work (Section 17)

9.3.9 Maintenance of Registers and Records (Section 18)
9.3.10 Authority and Claims (Sections 20 and 21)
9.4 Offences and Penalties
9.5 Summary
9.6 Keywords

9.7 Review Questions
9.8 Further Readings

Objectives

After studying this unit, you will be able to:
 Explain object and scope the Act

 Define various important definitions
 Discuss the manner of fixation of minimum wages
 Explain procedure for fixation and revising minimum wages
 Elucidate various safeguards available in payment of minimum wages

Introduction

The Minimum Wages Act prescribes minimum wages for all employees in all establishments or
working at home in certain employments specified in the schedule of the Act. Central and State
Governments revise minimum wages specified in the schedule. The objective of this study
lesson is to thoroughly acclimatize the students with the law relating to minimum wages.

158 LOVELY PROFESSIONAL UNIVERSITY