Assam Financial Corporation (Payment of Gratuity of Employees) Regulations, 1964

{
    "id": 13587,
    "slug": "assam-financial-corporation-payment-of-gratuity-of-employees-regulations-1964",
    "title": "Assam Financial Corporation (Payment of Gratuity of Employees) Regulations, 1964",
    "short_title": "Assam Financial Corporation (Payment of Gratuity of Employees) Regulations, 1964",
    "act_number": "Published vide Notification No. SG 1125/64",
    "act_year": 1964,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Assam Financial Corporation (Payment of Gratuity of Employees) Regulations, 1964",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Application.",
            "chapter": null,
            "content": "(ii) Nothing in these Regulations shall apply to the Managing Director, unless the application to him of all or any of these Regulations has been approved by the Government of Assam.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Definitions.",
            "chapter": null,
            "content": "(a) \"The Corporation\" means the Assam Financial Corporation.\n(b) \"The Board\" means the Board of Directors of the Corporation.\n(c) \"Service in the Corporation\" means the period of an employee's service from the date of his/her confirmation.\n(d) The expression \"Pay\" shall, for the purposes of Regulation 6, mean-\n(i) in the case of an employee who has been on leave continuously for a period of twelve months or more immediately preceding the date of his/her retirement, death, or termination of service, as the case may be, the substantive pay at the date of such leave or the average pay [as defined in Regulation 3 of the Assam Financial Corporation (Staff) Regulations, 1957] earned while on duty during the twelve calendar months immediately preceding the month in which he/she proceeded on leave, whichever is higher;\n(ii) in any other case, the substantive pay at the date of his/her retirement, death, or termination of service, as the case may be, or 'the average pay' [as defined in Regulation 3 of the Assam Financial Corporation (Staff) Regulations 1957] earned while on duty during the twelve calendar months, immediately preceding the month of retirement, death, or termination of service, whichever is higher.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Conditions of grant.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. When not admissible.",
            "chapter": null,
            "content": "(a) if he/she has not completed service in the Corporation for a minimum period of ten years, or\n(b) if he/she has been dismissed from service in the Corporation for any misconduct.\n(i) he/she dies while in service of the Corporation; or\n(ii) he/she has retired or has been required to retire either on account of certified permanent incapacity due to bodily or mental infirmity or owing to the abolition of his/her appointment on account of reduction of establishment; or\n(iii) his/her service in the Corporation is terminated by the Corporation for reasons other than reduction of establishment or dismissal for misconduct.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Amount admissible.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Payment of reduced amount of gratuity.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Payment in case of death of the employee.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Interpretation of these regulations.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": true,
            "sort_order": 8
        }
    ],
    "metadata": {
        "Act ID": "Last Updated 12th February, 2020 [ass246]",
        "Act Number": "Published vide Notification No. SG 1125/64",
        "Enactment Date": "",
        "Act Year": "1964",
        "Short Title": "Assam Financial Corporation (Payment of Gratuity of Employees) Regulations, 1964",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:55:18"
}