If the company is registered under section 8 of the Companies Act 2013 for the purpose of education or other social causes related to the community or society, is it liable to comply with various labour laws such as gratuity, employees provident fund, state employees, insurance scheme, labour, welfare fund, and many others, as other Private Limited and Limited liability firms are liable for the compliance of their Workforce?
Is it necessary under this provision of the Companies Act? If the company is deploying a number of employees, is there any employer-employee relationship, which is commonly called a master-servant relationship, whether such a relationship exists in these types of companies?
can anyone elaborate on the same?
From India, Mumbai
Is it necessary under this provision of the Companies Act? If the company is deploying a number of employees, is there any employer-employee relationship, which is commonly called a master-servant relationship, whether such a relationship exists in these types of companies?
can anyone elaborate on the same?
From India, Mumbai
Companies Act 2013 does not speak about relaxation from any Labour legislation. In order to be called an industry it is not necessary that there should be profit motive. At the same time, if your establishment is not ' an industry' then these labour Acts will not be applicable to it. Obviously, if it is established that there exists master servant relationship, then the things will change.
From India, Kannur
4252From India, Kannur
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