For the owner of the company it is very important to pay the wages on time. These wages are paid on the basis of the contract law. A contract is made between the labor and the contractor in which all the legal rules and regulations are explained.
On the basis of contract law the person responsible for the payments of wages shall fix the period in which shall be paid. However no wage period shall exceed one month. Every employer including a contractor shall be responsible for the payment to persons employed by him of all wages. The following persons are responsible for the payments of the wages such as the managers, in industrial establishments, the persons responsible for the supervision and control of the industrial establishment.
Payment of wages is based on the commercial law as this is the transaction of the money. During the payment of the wages different wages deductions can be take place. Such as fine, if a person is absent from the duty, if someone is responsible for any kind of loss, services rendered, income tax, provident fund and advantages and overpayment of wages.
It is mentioned in the commercial law that deductions can be made for the recovery of advances and adjustment of overpayment of wages subject to the some conditions such as the deduction of any advance given before employment must be made from the first payment of the wages. But an advance for travelling expenses cannot be deducted. Deductions are with written authorization of the employees.
Fraud means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, with Intel to deceive another party thereto or his agent or to induce him to enter into the contract law.
When the party to the contract conceals material facts essential to the contract, which he is under an obligation to disclose to the other party before entering into a contract, he is guilty of fraud according to commercial law. The seller is bound to disclose to the buyer about the faults in the goods he is selling
Fraud means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, with Intel to deceive another party thereto or his agent or to induce him to enter into the contract law.
When the party to the contract conceals material facts essential to the contract, which he is under an obligation to disclose to the other party before entering into a contract, he is guilty of fraud according to commercial law. The seller is bound to disclose to the buyer about the faults in the goods he is selling
Read More From Usman
|
