Posts By: Prakash Consultancy Services

New Year Gift to Female Employees from ESIC in regards to Maternity Benefit Act from 20th Jan 2017

Posted by & filed under Esic-Circulars.

G.S.R. 62(E).—Whereas draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 958(E), dated the 6th October, 2016, as required under sub-section (1) of section 95 of the Employees’ State Insurance Act, 1948(34 of 1948), inviting objections… Read more »

EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable

Posted by & filed under Provident fund -News.

Assessment of EPF dues solely on the basis of balance sheet without identification of beneficiaries is not sustainable An appeal was filed by the appellant before the Employees’ Provident Fund Appellate Tribunal, challenging the order dated 23.09.2011, passed by the EPF Authority, under section 7-A of the Act. Brief Facts: Dues were assessed on the… Read more »

Increase In Limit For Applicability Of Maharashtra Contract Labour And Regulation Act

Posted by & filed under Contract Labour Act Maharashtra -Notification.

As per the Notification of Maharashtra Act II of 2017, Part VIII Ext. 4 published in official gazette of Maharashtra, the Contract Labour (Regulation and Abolition), Act 1970 will be applicable to every principal employer and Contractor who employs fifty or more workers W.E.F 5th Jan 2017 Gazeeted Copy  Contract Labour (Regulation and Abolition) (Maharashtra… Read more »

EPF New Year Gift for Establishment which is legally liable for coverage from 1.4.2009

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

Good NewsPF has  comeout with Notification , accordingly,  special survey drive will be initiated from 1st Jan 2017 by department for coverage of the Establishment.The Establishment which is legally liable for coverage will be covered under the Act.Benefits are as below;1. Only Employer Share will be levied. 2. Interest as applicable on Employer’s Share.3. Damages @… Read more »

ESIC Limit increase from Rs 15000 to Rs 21000 W.E.F from 1st Jan 2017

Posted by & filed under Esic-Circulars.

ESIC limit has been increased from 1st Jan 2017 from Rs 15000 to Rs 21000 Draft rules were published on 6th October 2016 and whereas, objections and suggestions received from persons likely to be affected thereby have been considered by the Central Government Now, therefore, in exercise of the powers conferred by section 95 of the said Act,… Read more »

EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%

Posted by & filed under Provident fund -News.

Retirement fund body EPFO today decided to lower the interest on EPF deposits for the current fiscal to 8.65 per cent, from 8.8 provided in 2015-16, for its over four crore subscribers. “The Employees Provident Fund Organisation’s apex decision making body, the Central Board of Trustees (CBT), has taken a decision to lower the interest rate… Read more »