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This excerpt taken from the TTM 6-K filed Sep 29, 2008. Minimum Wages Act, 1948 The Minimum Wages Act, 1948 provides that the State Governments may stipulate the minimum wages applicable to a particular industry. Workers are to be paid for overtime at rates stipulated by the appropriate Government. Any contravention may result in imprisonment up to six months or a fine up to Rs. 5,000. |
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