As per the recent update related to The Maharashtra Labour Welfare Fund notification, We at ComplianceTrack would like indoctrinate about the latest update related to the Act. ComplianceTrack is India’s leading technology driven labour law consulting firm, If you wish to get assistance in labour law compliance please contact our company experts. Maharashtra Labour Welfare […]
The minimum wages Act 1948 is an Act of parliament concerning Indian Labour Law that sets the minimum wages that must be paid to skilled and unskilled labours. The Dearness allowance is a calculation on inflation and allowance paid to government employees, public sector employees (PSE) and pensioners in India. DA is a calculated as […]
Updation of Date of Leaving by Member :- Sometimes employer does not update the date of leaving of the member. In such cases member is not able to transfer claim or final settlement claim. To overcome this problem a provision has been provided in the login of the so that member himself can update his […]
The registration under shops and establishment act is regulated by the labour department of respective state, and it is mandatory for all business entities which do not fall within the ambit or applicability of The Factories Act, 1948. Please note: Even cases where the employees are working from home, this registration is necessary to obtain. […]
Company Name Board in English as well as local language Notice board must contain Abstracts of the Act, Working Hours and Holiday List – Get a copy of Abstracts Here Shop License should be amended whenever there is a change in no. of employees – Click here to know the risk Intimation will be provided to the department […]
1. What are the mandate information that should be captured in POSH annual report? It’s mandatory for the IC under POSH to prepare, in each calendar year, an annual report and submit it to the employer. The report should incorporate the following: Number of complaints of sexual harassment received in the year. Number of complaints […]
Below are the 2 major changes in ESIC with effect from 1st October, 2019 Employees must be registered online on the date of appointment; the online system shall allow maximum 10 days to register the new employee. Employee will have to collect their Biometric ESI Permanent Card from nearest Branch Office. To complete information and also additional information on […]
1. Annual Return not submitted every year. After taking shop license, employer has to submit Annual Return Every year. Get the copy of Annual Return Format Here 2. Leave Policy has to be incorporated as per latest amendment in shops & establishment taken place in Dec 2017. Know more about the Leave Policy 3. Are you maintaining the employees […]
Now link Aadhaar account and Bank details with EPFO. At a time when fintech players and banks are vying to offer faster services to their customers, reduce paperwork, and move processes online for greater convenience, government bodies like the Employees’ Provident Fund Organisation (EPFO) too have realised that they need to change with the times. […]
EPFO or Employees’ Provident Fund Organisation has been taking a number of measures to ease the withdrawal process for the benefit of nearly four crore customers. From paying hospital bills to purchase of house/land through PF deposits to a new loyalty scheme, EPFO has announced a number of measures for the welfare of subscribers. In […]
New scheme for withdrawal of Employees Provident Fund Organization has introduced to facilitate the housing needs of employees/workers. In a statement, Sanat Kumar, Regional PF Commissioner-I, said the member may apply for withdrawal, being a member of society having 10 or more members and registered under any law, and the society is desirous of purchasing […]
The labour ministry has amended the social security schemes run by the retirement fund body Employees’ Provident Fund Organisation (EPFO) to enable it to make all payments — pension, provident fund and insurance — to members electronically. “The labour ministry has amended the schemes run by the EPFO by a notification. This will enable the […]
EPFO trustees likely to raise ETF investments to 15% on May 27 The higher limit would help the Employees’ Provident Fund Organisation’s (EPFO) park around Rs 15,000 crore in stock markets in 2017-18 as its investible deposits are close to Rs 1 lakh crore annually. EPFO trustees likely to raise ETF investments to 15% on […]
India’s retirement fund manager Employees’ Provident Fund Organization (EPFO) will invest at least Rs18,000 crore in stocks in the current financial year, adding fuel to a stock market that is already on fire. Labour minister Bandaru Dattatreya told reporters in New Delhi on Monday that his ministry is positive on more equity exposure because of […]
Market value of holdings rose to Rs. 23,431 cr., giving absolute returns of 11.31% Board Meet of EPFO on discussion for Raising Equity Investments The proposal to deploy more retirement savings in the stock market will be taken up by the Employees’ Provident Fund (EPF) board of trustees on May 27. “The plan to increase […]