maximum limit of stipend payable

[vidya lakshmi]

Dear friends

Is there any minimum or maximum stipend payable by an organisation in any Act?

Thanks in advance

Vidya

[Sushmita Roy]

The Instiute has fixed the minimum stipend to Rs. 2000.I don't think
there is any maximum limit of stipend.

> *Vidya*
>
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[vidya lakshmi]

Dear sushmitha.

Thanks for the reply. But i want to know is there any law which prescribes specific limits for payment of stipend in any kind of profession in India.

Regards

Vidya

--

Regards

Vidya

[rupali modi]

Each profession has its own rules and regulations...

 

If u want in general u can go with Apprentice act.

[Vivek Aggarwal]

Dear Vidya

Such issues regarding stipend etc. are governed by the rules made by the body which regulates a Profession which in our case is ICSI. There is no law or Act for such matters.

 

Regards
CS Vivek Aggarwal

---

From: vidya lakshmi <vidya....@gmail.com>
To: csmy...@googlegroups.com
Sent: Thursday, 10 February 2011 3:18 PM
Subject: Re: [CSMysore] maximum limit of stipend payable

[dipak singh]

Dear Vidya,

There is no Such kind of limit on Stipend. some of Company like ITC
paying 15 k.

On Feb 11, 11:16 am, Vivek Aggarwal <vivek_cs2...@yahoo.co.in> wrote:
> Dear Vidya
>
> Such issues regarding stipend etc. are governed by the rules made by the body which regulates a Profession which in our case is ICSI. There is no law or Act for such matters.
>
> Regards
> CS Vivek Aggarwal
>
> ________________________________

> From: vidya lakshmi <vidya.lak...@gmail.com>

> To: csmy...@googlegroups.com
> Sent: Thursday, 10 February 2011 3:18 PM
> Subject: Re: [CSMysore] maximum limit of stipend payable
>
> Dear sushmitha.
>
> Thanks for the reply. But i want to know is there any law which prescribes specific limits for payment of stipend in any kind of profession in India.
>
> Regards
> Vidya
>
>
>
>
>
>
>
>
>
> On Thu, Feb 10, 2011 at 3:13 PM, Sushmita Roy <sushmitaroy.2...@gmail.com> wrote:
> >The Instiute has fixed the minimum stipend to Rs. 2000.I don't think
> >>there is any maximum limit of stipend.
>

[Ramaswami Mohan]

pl see the web link : 

http://bopter.gov.in/html/AppTraining.htm

Monthly stipend

The existing monthly stipend rates as recommended by the Central Apprenticeship Council and notified by the Govt., of India vide Notification No. GSR 375E effective from 8th January, 2008, are as follows: 

Sl. No.	Candidates minimum educational qualification Required for being engaged as an apprentice Category	Monthly stipend(Rs.)
1	Engineering Graduate Apprentice	2600/-
2	Sandwich Course Student of Engineering College Graduate Apprentice (Sandwich)	1850/-
3	Diploma Holder in Engineering Technician Apprentice	1850/-
4	Sandwich Course Student of Polytechnic College Technician Apprentice (Sandwich)	1510/-
5	(10+2) Vocational Certificate Holder Technician (Vocational) Apprentice	1440/-

The significance of the Apprenticeship Training Scheme is that the Govt. of India, Ministry of Human Resource Development, Department of Secondary & Higher Education reimburses 50% of stipendiary amount to the training establishments through the respective regional Boards. However the training establishments are at liberty to pay stipend at higher rates than the minimum prescribed amount.