Are there any specific provisions within the Company Act that address late mark deduction rules for employees, and what are the requirements for their implementation?
From India, Nashik
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From India, Nashik
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Understanding Employment Regulation and Late Mark Deduction
The Companies Act is not designed to regulate employment terms and conditions. To introduce rules related to employment, you should refer to relevant acts such as the Industrial Employment (Standing Orders) Act and the Payment of Wages Act. If you create standing orders with clauses for late arrivals and wage deductions for tardiness, and then have them certified by the competent authority, these will become legally enforceable rules. For daily-rated workers, you can determine the hourly wage rate in accordance with the Minimum Wages Act and pay for the hours worked, which implies deductions for late arrivals.
From India, Kannur
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4526The Companies Act is not designed to regulate employment terms and conditions. To introduce rules related to employment, you should refer to relevant acts such as the Industrial Employment (Standing Orders) Act and the Payment of Wages Act. If you create standing orders with clauses for late arrivals and wage deductions for tardiness, and then have them certified by the competent authority, these will become legally enforceable rules. For daily-rated workers, you can determine the hourly wage rate in accordance with the Minimum Wages Act and pay for the hours worked, which implies deductions for late arrivals.
From India, Kannur
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The Certified Company Standing Orders Act 1946.pdf