Compliance of Section 8 Companies with Labor Laws
If a company is registered under Section 8 of the Companies Act 2013 for purposes such as education or other social causes related to the community or society, is it required to comply with various labor laws? These laws include gratuity, employees' provident fund, state employees' insurance scheme, labor welfare fund, and others, similar to the compliance required by Private Limited and Limited Liability firms.
Necessity Under the Companies Act
Is compliance necessary under this provision of the Companies Act? If the company employs a number of employees, does an employer-employee relationship, commonly referred to as a master-servant relationship, exist in these types of companies? Can anyone elaborate on this matter?
From India, Mumbai
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If a company is registered under Section 8 of the Companies Act 2013 for purposes such as education or other social causes related to the community or society, is it required to comply with various labor laws? These laws include gratuity, employees' provident fund, state employees' insurance scheme, labor welfare fund, and others, similar to the compliance required by Private Limited and Limited Liability firms.
Necessity Under the Companies Act
Is compliance necessary under this provision of the Companies Act? If the company employs a number of employees, does an employer-employee relationship, commonly referred to as a master-servant relationship, exist in these types of companies? Can anyone elaborate on this matter?
From India, Mumbai
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Companies Act 2013 and Labor Legislation
The Companies Act 2013 does not address relaxation from any labor legislation. To be classified as an industry, it is not necessary to have a profit motive. Conversely, if your establishment is not considered 'an industry,' then these labor Acts will not be applicable to it. Clearly, if it is established that a master-servant relationship exists, then the situation will change.
From India, Kannur
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4526The Companies Act 2013 does not address relaxation from any labor legislation. To be classified as an industry, it is not necessary to have a profit motive. Conversely, if your establishment is not considered 'an industry,' then these labor Acts will not be applicable to it. Clearly, if it is established that a master-servant relationship exists, then the situation will change.
From India, Kannur
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