A warm greeting to everybody! I have a couple of queries:
1. Ours is an insurance broking house, so under which Act should we fall?
2. How many employees are required to fall under labor law?
3. We have 3-4 groups of companies dealing with insurance, loans, and complete financial planning. The employee strength would consist of 40-45. What are the mandatory rules and laws we need to abide by?
Kindly provide me with an elaborate description as soon as possible.
Thanks & Regards,
Deborita
From India, Kolkata
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1. Ours is an insurance broking house, so under which Act should we fall?
2. How many employees are required to fall under labor law?
3. We have 3-4 groups of companies dealing with insurance, loans, and complete financial planning. The employee strength would consist of 40-45. What are the mandatory rules and laws we need to abide by?
Kindly provide me with an elaborate description as soon as possible.
Thanks & Regards,
Deborita
From India, Kolkata
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Your organization falls under the Shops & Commercial Establishment Act. You have to be registered under the S & C E Act and follow the rules of the respective state. The following labor laws are applicable in your organization: Minimum Wages Act, PF Act, ESIC Act, Professional Tax Act, Labour Welfare Fund Act, Payment of Bonus Act, Payment of Wages Act, Contract Labour Act/Rules (if you have hired 20 or more contract employees), Maternity Benefit Act (if female employees are working), etc.
Regards,
Dilip Nandanwar
[Email Removed For Privacy Reasons]
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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17Regards,
Dilip Nandanwar
[Email Removed For Privacy Reasons]
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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In response to your queries, I would like to inform you that all labor laws will be applicable in your establishment. It is assumed that your establishment falls under the purview of the S & E Act in your state (obtain a certificate of registration).
Additionally, you are required to comply with the MW Act, Payment of Wages Act, Contract Labor Act (if 20 or more contract laborers are employed), Labor Welfare Act (if 10 or more employees are employed, please verify state rules), Gratuity Act (submit Form-A for the opening of the establishment to the labor department), Payment of Bonus Act, Maternity Benefit Act, Equal Remuneration Act (if female employees are employed), Employment Exchange & Compulsory Notification Act, HRA Act, etc.
Furthermore, ESI Act applies if 10 or more employees are working, and PF Act applies if 20 or more employees are employed and working. Professional Tax Act is also applicable.
If you require any further information, please feel free to contact me via phone.
Regards, Sibabrata Majumdar
Management Consultant - Legal & HR
Kolkata, Mb: [Phone Number Removed For Privacy Reasons]
From India, Calcutta
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Additionally, you are required to comply with the MW Act, Payment of Wages Act, Contract Labor Act (if 20 or more contract laborers are employed), Labor Welfare Act (if 10 or more employees are employed, please verify state rules), Gratuity Act (submit Form-A for the opening of the establishment to the labor department), Payment of Bonus Act, Maternity Benefit Act, Equal Remuneration Act (if female employees are employed), Employment Exchange & Compulsory Notification Act, HRA Act, etc.
Furthermore, ESI Act applies if 10 or more employees are working, and PF Act applies if 20 or more employees are employed and working. Professional Tax Act is also applicable.
If you require any further information, please feel free to contact me via phone.
Regards, Sibabrata Majumdar
Management Consultant - Legal & HR
Kolkata, Mb: [Phone Number Removed For Privacy Reasons]
From India, Calcutta
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"Hi Deborita, \"So what are the mandatory rules and laws we need to abide by?\" - Labour Law - Financial Law - Income Tax Law - IRDA Regulations - SEBI Regulations - RBI Guidelines - State Commercial Tax Law - Corporate Law
From India, Chennai
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From India, Chennai
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Applicable Labor Laws for Your Organization
Sure! You fall under all labor laws which include:
1. Payment of Gratuity Act
2. Minimum Wages Act
3. Contract Labor Act
4. Equal Remuneration Act
5. Payment of Wages Act
6. Maternity Benefit Act
7. Trade License Act
8. Professional Tax Act
9. Shops and Commercial Establishment Act
10. ESI & PF Registration
11. Labor Welfare Fund Act
12. Payment of Bonus Act
13. Employment Exchange Act
If you require any further information, you may contact me at the number below:
Regards,
Khaliqur Rahman
[Phone Number Removed For Privacy Reasons]
From India, Delhi
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Sure! You fall under all labor laws which include:
1. Payment of Gratuity Act
2. Minimum Wages Act
3. Contract Labor Act
4. Equal Remuneration Act
5. Payment of Wages Act
6. Maternity Benefit Act
7. Trade License Act
8. Professional Tax Act
9. Shops and Commercial Establishment Act
10. ESI & PF Registration
11. Labor Welfare Fund Act
12. Payment of Bonus Act
13. Employment Exchange Act
If you require any further information, you may contact me at the number below:
Regards,
Khaliqur Rahman
[Phone Number Removed For Privacy Reasons]
From India, Delhi
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