1[12A. Bonus.—(1) No officer or other employee other than an employee within the meaning of
clause (13) of section 2 of the Payment of Bonus Act, 1965 (21 of 1965) of a corresponding new bank
shall be entitled to be paid any bonus.
(2) No employee of a corresponding new bank, being an employee within the meaning of clause (13)
of section 2 of the Payment of Bonus Act, 1965 (21 of 1965), shall be entitled to be paid any bonus except
in accordance with the provisions of that Act.
(3) The provisions of this section shall have effect notwithstanding any judgment, decree or order of
any court, tribunal or other authority and notwithstanding anything contained in any other provision of
this Act or in the Industrial Disputes Act, 1947 (14 of 1947), or any other law for the time being in force
or any practice, usage or custom or any contract, agreement, settlement, award or other instrument.]
1. Ins. by Act 64 of 1984, s. 5 (w.e.f. 11-9-1984).