Posts By: Prakash Consultancy Services

Karnataka Compulsory Gratuity Insurance Rules, 2024

Posted by & filed under Grautity.

The Karnataka Compulsory Gratuity Insurance Rules, 2024, issued by the Government of Karnataka, outline regulations regarding the payment of gratuity to eligible employees. Here’s a summary of the key provisions: 1. Title and Commencement These rules are named the Karnataka Compulsory Gratuity Insurance Rules, 2024. They come into force from the date of publication in… Read more »

Minimum Wages in West Bengal: w.e.f 01st January, 2024 to 30th June, 2024

Posted by & filed under Minimum Wages-WestBengal.

The circular from the Office of the Labour Commissioner, Government of West Bengal, outlines the minimum rates of wages for employees in the state for the period from January 1, 2024, to June 30, 2024. Here are the key points from the circular: Scheduled Employments: The minimum rates of wages apply to 30 Scheduled Employments… Read more »

Navigating the Indian Compliance Calendar: Embracing 2024 with Commitment

Posted by & filed under Compliance -Calendar.

As we bid farewell to the past year and welcome the promises of the new one, the Indian business landscape gears up for another journey through the compliance maze. The start of 2024 brings with it a fresh perspective and a renewed commitment to adhere to the ever-evolving regulatory requirements. In this blog, we’ll navigate… Read more »

The Assam Minimum Wages Notification (Jun 2023) declared on 5th Dec 2023

Posted by & filed under Minimum Wages -Assam.

Class of Employment Wage Per Day Wages Per Month Previous VDA Cumulated New VDA Per Month Total Per Month Total Per Day Unskilled Workers ₹ 240.00 ₹ 7200.00 ₹ 2468.74 ₹ 131.76 ₹ 9800.50 ₹ 326.68 Semi-Skilled / Unskilled Supervisory ₹ 280.00 ₹ 8400.00 ₹ 2837.38 ₹ 153.72 ₹ 11391.10 ₹ 379.70 Skilled Workers / Clerical Workers ₹ 350.00… Read more »

ESIC Aadhar Seeding Application due to e-KYC changes by UIDAI.

Posted by & filed under Esic-Circulars.

ESIC Aadhar Seeding Application due to e-KYC changes by UIDAI. The letter provides instructions and updates regarding the process of seeding Aadhar details for insurance persons and their family members. Here’s a summary of the key points in the letter: Background: The letter refers to previous instructions on Aadhar seeding issued on 25.05.2023 and 31.10.2023…. Read more »

FAQ on the SOP for Inspection of Establishments as per Circular released by EPFO

Posted by & filed under Provident Fund - (Notification -Circulars).

Explore the intricacies of EPFO inspections with our detailed breakdown of Circular CAIU/056/V-III/2023/2291. Gain insights into the latest guidelines, FAQs, and essential procedures for seamless compliance.” Detailed explanation and some specific guidelines for employers, as per the FAQ mentioned in the circular is presented in tabular format: FAQ Number Question Answer and Explanation Employer’s Action/Consideration… Read more »

December 2023: A Guide to Compliance Calendar and its Significance

Posted by & filed under Compliance -Calendar.

Navigating December 2023: A Guide to Compliance Calendar and its Significance Introduction: As we approach the end of 2023, businesses and individuals alike are gearing up for a new wave of statutory changes set to take effect in December. To stay on top of these regulatory shifts, it’s crucial to have a well-organized compliance calendar…. Read more »

Electronics Shop Repairing & Servicing Electrical Goods Is “Factory” Under ESI Act: Supreme Court

Posted by & filed under Supreme Court ESIC Judgment.

Electronics Shop Repairing & Servicing Electrical Goods Is “Factory” Under ESI Act M/S J.P.LIGHTS INDIA (appellant) and THE REGIONAL DIRECTOR E.S.I. CORPORATION, BANGALORE (respondent). The case involves the appellant’s challenge against the order of the Employees State Insurance Court, Bangalore, regarding the applicability of the Employees State Insurance Act, 1948. The key points in the… Read more »

Transfer of Accounts after the death of member for calculation of Assurance Benefit under EDLI Scheme, 1976.

Posted by & filed under Uncategorized.

Good Move by the EPFO regarding the EDLI Scheme. Focusing on verifying previous memberships and facilitating PF account transfers after a member’s passing demonstrates a commitment to fairness and the well-being of employees and their families. Employees’ Provident Fund Organization (EPFO) addresses concerns regarding the calculation of Assurance Benefit under the Employees’ Deposit Linked Insurance… Read more »

Manipur Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2021

Posted by & filed under Manipur-Shop Act.

Manipur Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2021. This legislation appears to focus on regulating employment and working conditions in shops and establishments within the state of Manipur. Here’s a summary based on the points you’ve mentioned: Effective Date: The Act is deemed to have come into force on June… Read more »