Government of Karnataka has issued a corrigendum extending the timeline for obtaining a valid insurance policy by the exiting establishments for their liability towards payment of gratuity to all eligible employees under the Payment of Gratuity Act, 1972. Now, the valid insurance policy is required to be obtained within 10th July 2024 i.e., six months from the date of commencement of the Karnataka Compulsory Gratuity Insurance Rules, 2024.
Source: Government of Karnataka
