Dear All, This is to know whether gratuity is applicable for Managing Director of the company?
From India
From India
3124
First of all indicate whether your MD is on board level, a share holder entitled to share of profit or an employee drawing salary like any other employee. You should go thru' his terms & conditions of appointment. If he is covered under the Payment of Gratuity Act then he will be entitled to gratuity subject to eligibility.
From India, Bangalore
From India, Bangalore
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Madras HC judg regarding gratuity is applicable if workmen is working 4 years 240 days..pdf