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KARNATAKA NOTIFIES THE KARNATAKA COMPULSORY GRATUITY INSURANCE RULES
On January 10, 2024, the State of Karnataka brought into effect a law that now requires the employers having establishments in Karnataka to compulsorily obtain an insurance policy to cover their liabilities under the Payment of Gratuity Act, 1972, among other additional compliances.
Our colleagues Avik Biswas, Ivana Chatterjee and Snehal Walia analyse the key provisions of this new law along with its implications on employers in Karnataka.