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Corporate Law - (a): The rates of minimum wages fixed for agriculture and nonagricultural workers in the Central Sphere is at Annexure I. The range of minimum wages in the State Sphere is at Annexure II. (b) to (d): There is a wide regional disparity in minimum wages due to variations in socio-economic and agro-climatic conditions, income, prices of es...
Read MoreCorporate Law - In this competitive business arena, it is indeed a challenge for every organization to meet the regulatory requirements in terms of compliance. There are many government related taxes that are levied with regard to the monthly payroll for employees and in turn the organizations. The acts and laws that relate to statutory compliance also w...
Read MoreCorporate Law - Leave Management/Attendance Management is one of the most vital aspects in workforce management. Leave/Absenteeism may occur in organization due to a wide variety of reasons. Ultimately this is an aspect that directly hits the organizational productivity and indirectly affects the bottom line, therefore the ROI....
Read MoreCorporate Law - Manpower, often referred to as labor is one of the primary concerns of every business. There comes the need of an efficient HR process in place to handle this manpower or labor. When we take HR process, we have two definitions. One part of it is concerned with acquiring manpower which is termed as recruitment […]...
Read MoreCorporate Law - The Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Act, 1988 presently provides for exemption by way of allowing 'very small' establishment (employing up to 9 workers) to maintain only one register and submit one return and 'small establishments' (employing 10 to 19 workers) to maintain...
Read MoreCorporate Law - The Government is in the process of consulting various stake holders and is yet to take a final decision on the proposal for amending the Minimum Wages Act, 1948 and fixing a statutory National Floor Level Minimum Wage....
Read MoreCorporate Law - Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 statutorily applies to employees getting wages upto Rs. 6500/- in respect of scheduled establishments employing 20 or more workers. State-wise details are given at Annexure.The mechanism to regulate and monitor the implementation of Labour Laws is incorporated in respect...
Read MoreCorporate Law - In the Payment of Gratuity Act, 1972 (39 of 1972) (hereinafter referred to as ‘the principal Act’), in section 2, for clause (e), the following clause shall be substituted, namely:—‘(e) “employee” means any person (other than an apprentice) who is employed for wages, whether the terms of such employment are express or implied...
Read MoreCorporate Law - While the Manmohan Singh government’s Left-free second innings is expected to usher in changes to India’s archaic labour laws, the labour ministry is working on a quick-fix solution to help drop the country’s notorious ‘inspector raj’ tag. If all goes to plan, India Inc would no longer have to deal with labour inspectors turnin...
Read MoreCorporate Law - New Delhi, Oct 25 The Government has approved easing of labour laws to exempt establishments employing up to 40 workers from maintaining mandatory registers and submitting returns.The Government proposes to introduce a simplified form, which will give relief to employers of such establishments, who are currently required to maintain regis...
Read MoreNo. Co-ord/3(6)2011 - (28/08/2014) - Ministry of Labour & Employment issued notifications enhancing statutory wage ceiling from existing Rs. 6,500/- to ₹ 15,000/-, fixing minimum pension of ₹ 1000/- per month and 20% additional relief on the amount of assurance benefit admissible under EDLI Scheme, 1976....
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No. Co-ord/3(6)2011 - (28/08/2014) -
