Question

Which of the following is wrong statement ?
(A)
No gratuity payable under the Act shall be liable to attachment in execution of any decree or order of anycivil, revenue or criminal court.
(B)
The Payment of Gratuity (Amendment) Act, 1987 has prescribed provisions for compulsory insurance foremployer’s liability for payment towards the gratuity under the Act from the Life Insurance Corporation ofIndia or any other prescribed Insurer.
(C)
Once the Payment of Gratuity Act becomes applicable to the establishment, a notice in Form ‘A’ has to begiven by the employer to the controlling authority within 30 days. Notice in Form ‘B’ is to be given to the controlling authority within 30 days of any change in name, address, employer or nature of business. If an employer proposes to close down the business, he shall submit a notice in Form ‘C’ to the Controlling Authority at least 60 days before the intended closure.
(D)
This act is not applicable to public charitable and religious trusts

Answer 1

Answer:

(B)

The Payment of Gratuity (Amendment) Act, 1987 has prescribed provisions for compulsory insurance foremployer’s liability for payment towards the gratuity under the Act from the Life Insurance Corporation ofIndia or any other prescribed Insurer.