Dear Ashish Gupta,
India is a part and parcel of the capitalistic world. Capitalism thrives on profit. However, in addition to making a profit, businesses are expected to bear some social responsibility also. Governments around the world enact legislation to provide social security to workers. Businesses bear the cost of social security either fully or partially.
The government of India has enacted Maternity Benefit Act to provide social security to women employees. Whether on account of maternity benefit or otherwise, business owners while making a business plan for their business, are expected to visualise all the costs arising out of social security. If some business owner fails to make adequate provisions for these costs then it is the individual business owners fault.
For many business owners, the labour laws are eyesores. Businesspersons should never grow their business with the imaginary pain of the eyesore. Else they develop a tendency to give short shrift to the labour laws. Their fixation on finding loopholes in the labour laws does more harm than good as it casts a shadow on the objective of the business itself.
Additional Note: - A specific reply to the poster's query has been given already by the learned members. My reply is on a broad level and to understand the meaning of my post, the members require not just seniority but a learned mind as well. If some senior does not understand then the member need not start casting comebacks!
Thanks,
Dinesh Divekar