alleryStart learning →Retrenchment compensation exemption follows the compensation formula of which Act?
AIndustrial Disputes Act
BMinimum Wages Act
CFactories Act, 1948
DCompanies Act, 2013
Answer & Solution
Correct answer: A. Industrial Disputes Act
The limit is the amount worked out under clause (b) of section 25F of the Industrial Disputes Act, 1947.
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