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The Indian Parliament in 1965, enacted a fresh statute called The Payment of Bonus Act 1965.[three] In Jalan Buying and selling v Mill Mazdoor Sabha one, the Supreme Courtroom stated that the objective of the Act was to keep up peace and harmony among labour and funds by enabling workers to share within the establishment's prosperity and prescribing the most and minimal charges of bonus, plus the plan of "set-off" and set-on to not simply safe labour's right while in the share of gains but in addition to enshrine in legislation the principle of "established-off" and "established-on".
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