I want to know the liabilities of any pvt. Ltd. Company towards employee’s of that company. Like leaves, increment procedure, monthly leaves, salary etc.
From India, Kaul
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From India, Kaul
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All that you mentioned aren't liabilities, but responsibilities. These exist and are detailed in the labor acts. Read them; you'll get a fair understanding and then let us know if you want opinions or recommendations on specifics.
From India, Mumbai
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92From India, Mumbai
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There are no liabilities as such. Being a responsible employer, your organization is supposed to follow certain rules. Some of them could be generic to any business, and some are specific to certain industries or establishments only.
General Compliance Requirements
1. Typically, PF, ESI, Wages/Min Wage Rules, Gratuity, Bonus, Contract Labour, etc., shall be as according to central labor laws.
2. The Shops & Commercial Establishment Act shall be applicable for establishments covered as mentioned in relevant state rules.
3. Factory Act for factories.
4. Professional Tax as per state rules.
5. Labor Welfare Fund for 15 states/Union Territories.
So, based on the state, nature of business, type of industry, and number of employees, the responsibilities, maintenance of registers and returns, and overall compliance can vary.
From India, Bangalore
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General Compliance Requirements
1. Typically, PF, ESI, Wages/Min Wage Rules, Gratuity, Bonus, Contract Labour, etc., shall be as according to central labor laws.
2. The Shops & Commercial Establishment Act shall be applicable for establishments covered as mentioned in relevant state rules.
3. Factory Act for factories.
4. Professional Tax as per state rules.
5. Labor Welfare Fund for 15 states/Union Territories.
So, based on the state, nature of business, type of industry, and number of employees, the responsibilities, maintenance of registers and returns, and overall compliance can vary.
From India, Bangalore
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As others pointed out, there seems to be some confusion in your mind. Any business, whether private limited, public limited, proprietary, or a partnership, has the same liabilities towards its employees. The liability includes paying them a salary for the work done, ensuring payment above minimum wages, and in case of termination of employment, providing the dues as per the law. The minimum leave to be provided is also specified in the law, and whether it is to be encashed or not is also provided. There is no law stating that an increment must be given; that decision lies with the business. Of course, there is nothing that prevents a business from offering terms to its employees that are better than those required by law.
From India, Mumbai
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From India, Mumbai
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