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The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
Act Certified Text 1/2014: 127: Institute of Policy Studies of Sri Lanka (Amendment) Act 2014: 6 February: 2/2014: 128: National Institute of Business Management (Amendment) Act 2014: 21 February: 3/2014: 129: Institute of Geology, Sri Lanka (Incorporation) Act 2014: 4 March: 4/2014: 130: Philip Gunawardena Commemorative Society (Incorporation ...
Sri Lanka Accounting and Auditing Standards Monitoring Board ... of Ceylon was established in 1947 under the recommendations of the Soulbury Commission under the ...
The legal system in Sri Lanka comprises collections of codified and uncodified forms of law, of many origins subordinate to the Constitution of Sri Lanka which is the highest law of the island. Its legal framework is a mixture of legal systems of Roman-Dutch law , English law , Kandian law , Thesavalamai and Muslim law .
Under VK's leadership, the NUW grew to become one of the leading trade unions in Sri Lanka, boasting nearly 500,000 members. It played a key role in the labour movement within the tea plantations. VK notably identified the distinction between the Employment Provident Fund (EPF) and service gratuity and successfully brought this issue before the ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka.It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
The tribunal system of Sri Lanka is part of the national system of administrative justice. [1] ... Mediation Boards - under the Mediation Boards Act No. 72 of 1988 ...