Labour Law & Hr Consultant
Korgaonkar K A
As far as I know any employment in Educational Institutions has not been brought under the Minimum Wages Act,1948 so far. However, it should be borne in mind while fixing wages for general categories of workers like drivers, watchmen, helpers in such employments not so far brought under the purview of the MW Act,1948 that the wages do not fall below the National Floor Level Minimum Wages fixed by the Central Govt. which stands at Rs.160-00 per day w.e.f 01-07-2015.
5th April 2017 From India, Salem
This notifications covers Non Teaching staff like clerks/Typists/Cashier/Librarian/Drivers/Office assistant/Gardner/Ayah/Watchman/ scavangers
Current DA for 2017-18 is Rs 2472/ pm.
Minimum wages for scavangers is Is 4414 plus DA and for Ayahs Rs 4500plus DA.
For Drivers it is Rs 5360 plus DA and for Clers and Typists it is Rs Rs 5532 plus DA
This is for Zone A
5th April 2017 From India, Chennai
Wrong question on this forum as well in this thread of Minimum Wages.
Your question is not on Labour Laws or on HR related matters. Still I give you answer as under:
Both kind of companies i.e. Private Limited as well LLP are registered with registrar of companies. First one is registered as Private Limited Company under Companies Act 1956 whereas second one is registered as Partnership Company with limited liability under Limited Liability Partnership Act 2008.
Both entities offer many similar features required to run any small to big size business. There is no much difference in the process of registration, Cost of registration, time required for registration, etc.
Private Limited Company has more flexibility for its promoters on ownership and ownership sharing. Share holders are the owners of Private Limited Company but they do not participate directly in the management of Company. In Private Limited Company, Board of Directors who participate in management of company are responsible jointly and severally.
In an LLP, Partners / Designated Partners are the owner of the Company. Designated Partners have management powers alike shareholders in Private Limited.
In an LLP one partner is not responsible or liable for another partner.
To manage Private Limited Company, there is a requirement of two directors. In LLP also there is a requirement of two Designated Partners.
Tax Compliance in both type of Companies are almost same. However to my knowledge, fine and penalties, fee towards late filing of documents to MCA / ROC etc. are at higher side in case of LLP.
9th April 2017 From India, Mumbai