For Startup Construction company/private builder/developer can take labour license or WC policy?
From India, Bhopal
Acknowledge(0)
Amend(0)
From India, Bhopal
Acknowledge(0)Amend(0)
As an HR professional, you must understand under which act these two compliance requirements fall before making a decision. The labor license falls under what category, and the Workers' Compensation (WC) Policy, which is a welfare statute, falls under which category.
Thank you.
From India, New Delhi
Acknowledge(0)Amend(0)
425Thank you.
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Sudhir, generally, there is a difference between the terms 'Licence' and 'Insurance'. In the context of Labor Laws, the former refers to a statutory obligation to be complied with by an employer under any such law, and the latter refers to the employer's making an alternative arrangement to discharge certain future liability through an insurer as permitted by the particular law.
Licensing and Insurance Requirements for Construction Companies
Since yours is a construction company, you are required to take up a contractor's license under the CLRA Act, 1970, and register yourself under the BOCW Act. You would be required by the principal employer to take up an insurance policy in respect of the liability to pay compensation to the workmen under the EC Act, 1923, in case of any employment accident. Thus, they are not alternatives to each other.
From India, Salem
Acknowledge(0)Amend(0)
Licensing and Insurance Requirements for Construction Companies
Since yours is a construction company, you are required to take up a contractor's license under the CLRA Act, 1970, and register yourself under the BOCW Act. You would be required by the principal employer to take up an insurance policy in respect of the liability to pay compensation to the workmen under the EC Act, 1923, in case of any employment accident. Thus, they are not alternatives to each other.
From India, Salem
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SC - Temporary workers given benefit compensation for not making permanent 4.4.2013.pdf