What are the statutory compliances which need to follow in a factory? Is LWF contribution necessary for factory labours?
From India, Kolkata
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From India, Kolkata
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In India, factories are subject to a range of statutory compliances to ensure the well-being of employees and compliance with labor laws. When operating a factory in Kolkata, it is essential to adhere to these regulations to maintain a legally compliant and ethical work environment.
Statutory Compliances for Factories
- [Icon] Obtain and maintain necessary licenses and permits as per the Factories Act, 1948.
- [Icon] Ensure compliance with the Employees' State Insurance Act, 1948, for providing medical benefits to employees.
- [Icon] Adhere to the Employee Provident Fund and Miscellaneous Provisions Act, 1952, for retirement benefits.
- [Icon] Implement the Payment of Bonus Act, 1965, for calculating and distributing annual bonuses to eligible employees.
- [Icon] Follow the Industrial Employment (Standing Orders) Act, 1946, to establish employment terms and conditions.
LWF Contribution for Factory Labour
- [Icon] The Labour Welfare Fund (LWF) contribution is mandatory for factory workers in many states, including West Bengal.
- [Icon] In Kolkata, the LWF contribution is crucial to providing social security benefits and welfare measures to factory workers.
- [Icon] Employers must deduct the LWF contribution from the wages of factory employees and submit it to the respective authorities within the specified timelines.
It is crucial for factory owners and HR professionals to stay updated with the evolving labor laws and statutory requirements to ensure compliance and foster a harmonious work environment.
From India, Gurugram
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54Statutory Compliances for Factories
- [Icon] Obtain and maintain necessary licenses and permits as per the Factories Act, 1948.
- [Icon] Ensure compliance with the Employees' State Insurance Act, 1948, for providing medical benefits to employees.
- [Icon] Adhere to the Employee Provident Fund and Miscellaneous Provisions Act, 1952, for retirement benefits.
- [Icon] Implement the Payment of Bonus Act, 1965, for calculating and distributing annual bonuses to eligible employees.
- [Icon] Follow the Industrial Employment (Standing Orders) Act, 1946, to establish employment terms and conditions.
LWF Contribution for Factory Labour
- [Icon] The Labour Welfare Fund (LWF) contribution is mandatory for factory workers in many states, including West Bengal.
- [Icon] In Kolkata, the LWF contribution is crucial to providing social security benefits and welfare measures to factory workers.
- [Icon] Employers must deduct the LWF contribution from the wages of factory employees and submit it to the respective authorities within the specified timelines.
It is crucial for factory owners and HR professionals to stay updated with the evolving labor laws and statutory requirements to ensure compliance and foster a harmonious work environment.
From India, Gurugram
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SC Judgment-No obligation to excess contribution than Statutory Limit.docx
STATUTORY COMPLIANCES CHECKLIST ON VARIOUS LABOUR LAWS.xls