Important Labor Law Update: How Will the New Wage Code Impact You and Your Business?

Important Labor Law Update

In exercise of the powers conferred by Sec. 67 of the Code on Wages, 2019, the Central Government has released the draft Code on Wages (Central) Rules, 2020, which intends to supersede eight existing Central Rules, including the Minimum Wages (Central) Rules, 1950, and Payment of Wages (Central) Rules, 1937.

Comments can be provided on the Code within 45 days of its publication.

If the wage code comes into existence, will state compliance registers such as Form 16, 17, 18, 19, 20, 21, 22, 23 like Muster roll, wages register, wage slip continue, or do we need to follow new formats as per the Wage code centrally?

Regards, MBS Raju

Do any of you have the new labor code for 2022? Please do share it with us.

Thanks!

Regards, Mukesh Bhargava
HR Jumio India