19th May 2018 From India, Salem
Though the Govt. is trying to bring more and more schemes, incentives to attract development of LWE affected areas, to my knowledge, there is no concession, exemption or relief granted from obtaining any registration, license, noc etc. or from applying social security schemes, like PF, ESI, EC, Gratuity, etc. However, such areas fall under non implemented areas under ESI Act.
Therefore you have no option but to register yourself under FA, EPF, CLRA if you have a contract system and CLRA is applicable, State PT if applicable, State LWF if applicable and make necessary compliance timely under all applicable labour laws.
As stated by our learned member Shri. Umakanthan, non-registration under the FA Act,1948 would lead to penal action and result in heavy penalty. Your liability under PF and other applicable social security will start from the day
one you employed threshold number of workers, with heavy interest and damages. There is no excuse on the ground the business is based on funds borrowed or otherwise.
20th May 2018 From India, Mumbai