Act Number: 29

Act Name: The Code on Wages, 2019

Year: 2019

Enactment Date: 2019-08-08

Long Title: An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto.

Ministry: Ministry of Labour and Employment

Department:

Section 24: Deductions for recovery of loans.
    Deductions under clause (g) of sub-section (2) of section 18 for recovery of loans granted to an employee, regulating the extent to which such loans may be granted and the rate of interest payable thereon, shall be such as may be prescribed.
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