Maharashtra Labour Welfare Fund Act Compliance
The Maharashtra Labour Welfare Fund Act is applicable to your company if you have engaged 5 or more employees. If this Act applies to your company, you are required to obtain registration under the Act, i.e., an establishment code, by submitting an application to the relevant authority and paying the contributions mandated by this Act, which includes both the employees' share and the employer's share. These contributions need to be made twice a year.
Your company must deduct the MLW Fund, representing the employee's contribution, from the employees' salaries every June and December. Additionally, the employer needs to contribute to the fund three times the amount deducted from the employees' salaries.
Please ensure compliance with the regulations outlined in the Maharashtra Labour Welfare Fund Act to avoid any penalties or legal issues.
Thank you.