Zerodha to pay bonus to staff for physical fitness
Zerodha, the financial services company, has come up with a unique strategy to get its employees to meet their health goals and become fitter.
The Company realised that the pandemic-imposed sedentary lifestyle, physical inactivity and work-life imbalance had led to the deterioration of its employees’ fitness levels.
To get the employees to...Read More
Companies will now be allowed to provide share-based employee benefits to employees, who are exclusively working for such a company or any of its group companies including a subsidiary or an associate.
Earlier this month, the Securities and Exchange Board of India approved the merger of the SEBI (Share Based Employee Benefits) Regulations, 2014 (SBEB Regulations) and the SEBI (Issue of...Read More
The Government is looking to resume formal negotiations with trade unions to ensure the smooth roll-out of four labour codes and other related policy steps. A senior labour ministry official said Union labour minister Bhupendra Yadav held a “courtesy” meeting with a dozen central trade unions recently.
Yadav, who took charge in July, has told the unions that they can hold further...Read More
Authority for Advance Ruling (AAR) has ruled that wherever canteen expenses are majorly taken care of by the employer and the employees are required to pay just a nominal amount towards the same, no Goods and Services Tax (GST) would be charged on such recoveries. Simply put, no GST can be charged on the nominal payment made by staff for using canteen facilities provided by their employers....Read More
First understand what all Labour Laws are applicable to the organisation (mainly manufacturing unit).
Then what all to check imp points under various Labour Law:
1) Factories Act:
A) Valid Factory License and its renewal on time.
B) Annual Returns submitted on time. Check details filled in Returns are properly mentioned against with it’s supporting.
C) Half Year / Monthly returns...Read More
Such employee can be terminated treating him as a probationer. Such employee will not be deemed as permanent.
Completion of probationary period or continuous working after that would not mean automatic confirmation in service. Non issuance of formal letter of extension of probation period, and mere completion of probation period would not lead to automatic confirmation. It has been so held by...Read More
The government has extended the execution of the new labour law which consists of codes on wages, besides 1 April providing the firms more time to refurbish the structure of their salary as well as the human resource concerned schemes where it can lead to high employee costs.
Labour Laws 2021
“Implementation of labour codes looks unlikely from April 1. The government wants at...Read More
In a move that will provide a huge relief to industrialists and also help to attract more investors to set up industrial units in the state, the Uttar Pradesh cabinet has approved the amendment to Uttar Pradesh Industrial Peace (Timely Payment of Wages) Act 1978, which technically eliminates the possibility of imprisonment in case an employer does not pay timely wages.
...Read More
Indian arbitrator asks Renault-Nissan to pay workers ₹70.84 crore interim settlement after the expiry of a previous wage agreement in March 2019
Workers at the Renault-Nissan plant in Chennai filed an industrial arbitration suit demanding ₹20,000 as a monthly interim settlement after the expiry of a previous wage agreement in March 2019
An Indian arbitrator has asked Renault-Nissan to...Read More
Very interesting argument made by Adv. C. Aryama Sundaram of EPFO, eventhough I am not in full agreement with his views. But read argument made by him.
EPF Pension Case : EPFO Argues In Supreme Court Against High Court Judgments
The Supreme Court on Tuesday heard the arguments of the Employees Provident Fund Organization in the appeal filed by it challenging the judgments of various...Read More
