Forum: Taxation & Corporate Law Forum
Shri Ashit Sinha, Vice President VIA chaired the meeting and informed about the various Labour Laws applicable to industries in India. He also invited suggestions from members, which should be taken up in a memorandum and submitted to the Central and State Governments for improvement. Members discussed Bombay Industrial Relation Act 1946, under Minimum Wages Act presently Engineering Industries paying more wages as compared to other sectors, Reforms in Mathadi Laws, Reforms in Labour laws such as cancellation of registration of union filing false and frivolous complaint or filing any litigation, time frame for disposal of labour cases, guidelines or rules for entertaining any kind of misc complaints by the Govt Officer be made and implemented strictly, Contract Labour, Hire & Fire Policy like China, working hours of employee from 8 to 10 hrs, etc. Shri Dhawal Kawade, explained about Small Factories (Regulation of Employment and Conditions of Services) Bill, 2014. This New Act introduced by the present Central Govt which is likely to be passed and notified for implementation shortly. The benefits will be extended to the Small Scale Industries i.e. they will be exempted from maintaining the records under different Legislations applicable to the Industries. Even, the Cottage Industries be severely impacted due to the applicability of the Pension Fund and ESI Scheme (to be compulsorily taken from Private Insurance Companies) and it will ultimately impact by increasing the cost of 50% of gross salary. This Act is applicable to the Manufacturing Units employing between one employee to 40 employees, The monitoring Authority be the Labour Commissioner of the respective areas in the State. Under this Act, Minimum Wages Act “Wages shall be paid to the workers by depositing them in the bank account of the worker electronically.
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