Hi All,
Can anyone clarify on below points please:
In case of people appointed as retainers in an orgnaization:
-Whether the retainers are employees under labour law and if so, it it mandatory to convert their employment terms to that of employees
-Whether the retainers fall under the purview of the provisions of the Provident Fund and Gratuity Act
-Should they be covered under the Provident Fund and their Basic be higher than Rs 6,500 per month, then could they continue as retainer as per company’s records or need to be allotted a Provident Fund Number and a Provident Fund Nil return required to be filed (Form 11 obtained?) ?
-How could the current retainers continue as retainers? (Eg: Could the terms of employment be modified (however the benefits will applicable to all employees will be applicable to them also.)
Regards,