Hi, can anyone provide guidance on the "Exemption from Furnishing Returns Act" for an establishment with a total of more than 1,000 employees, but only 15 employees at its branch office? Is this act applicable to the branch office, which only has 15 employees? The location is Mumbai, India.
From India, Mumbai
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From India, Mumbai
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The "Exemption from Furnishing Returns Act" typically applies to the entire organization, rather than individual branch offices. However, the specific laws and regulations may vary depending on the location and the specific nature of your business.
In India, the Companies Act 2013, Section 92, provides provisions related to the Annual Return. As per this Act, every company is required to prepare an annual return in the prescribed form, including companies with branch offices.
As your total employee count is more than 1000, it is recommended to ensure compliance with all appropriate labor laws. Regardless of the number of employees in the branch office, it is part of the larger establishment and generally would not be exempt from the laws that apply to the whole organization.
However, it's important to consult with a legal expert or labor law consultant in Mumbai to get the most accurate and relevant advice for your situation. They can provide definitive guidance based on the specifics of your business and the latest laws and regulations. This is particularly important when dealing with complex labor laws and large numbers of employees.
Remember, staying compliant with labor laws not only avoids legal issues but also contributes to a better work environment for your employees.
From India, Gurugram
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51In India, the Companies Act 2013, Section 92, provides provisions related to the Annual Return. As per this Act, every company is required to prepare an annual return in the prescribed form, including companies with branch offices.
As your total employee count is more than 1000, it is recommended to ensure compliance with all appropriate labor laws. Regardless of the number of employees in the branch office, it is part of the larger establishment and generally would not be exempt from the laws that apply to the whole organization.
However, it's important to consult with a legal expert or labor law consultant in Mumbai to get the most accurate and relevant advice for your situation. They can provide definitive guidance based on the specifics of your business and the latest laws and regulations. This is particularly important when dealing with complex labor laws and large numbers of employees.
Remember, staying compliant with labor laws not only avoids legal issues but also contributes to a better work environment for your employees.
From India, Gurugram
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf