Hi, I have opened a software company and have a staff of 25 people. My CA has suggested opening a PF for the employees, and they mentioned that we need to apply to the labor department first. Is it really compulsory for any software company to have a labor license? Please help me out.
From India
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From India
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Dear, Better you go for registration under shops and establishment act, plus register for PF. Regards,
From India, Bangalore
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From India, Bangalore
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Hi Guys, I have opened a software company and have a staff of 25 people. My CA has suggested opening a PF for the employees, and they mentioned that we need to apply to the labor department first. Is it really compulsory for any software company to have a labor license? Please help me out.
Registration and Compliance Requirements
Get registered under the concerned Shop & Commercial Establishment Act. Obtain a PF code from the PF department and start compliance; otherwise, it may result in high costs, with forced deposits for damages and interest on the accrued amount.
From India, Delhi
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93Registration and Compliance Requirements
Get registered under the concerned Shop & Commercial Establishment Act. Obtain a PF code from the PF department and start compliance; otherwise, it may result in high costs, with forced deposits for damages and interest on the accrued amount.
From India, Delhi
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Labr laws for Vendor compliance Management.pdf
Labour laws compliance.doc