Employers’ association AIOE has asked the government to defer the implementation of amendments in the Payment of Bonus Act to next fiscal so as to reduce financial burden on the industry, particularly small and medium businesses. Keeping in view both the financial and operational hardships facing the industry, All India Organisation of Employers’ (AIOE), an allied… Read more »
Posts By: Prakash Consultancy Services
Detail Explanation on the Ammended Bonus Act 2015
Dear all, As per various email & phone calls are recd at our office in regards to interpret the new clause as inserted in the Bonus act Amended 2015 3. In section 12 of the principal Act,— (i) for the words ‘‘three thousand and five hundred rupees’’ at both the places where they occur, the… Read more »
Bonus Amendment Gazetted copy 2015
Dear all,Both the House has passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members… Read more »
Quoting of Pan Mandatory for Following Transaction from 1st Jan 2016
Dear allFrom 1st of Jan 2016 Quoting of Pan Mandatory for Following Transaction
Universal Number Compulsory for EPF withdrawal from 1st Jan 2016
Dear employers,1.Universal account number(uan) has been made compulsory to avail all services like settlement of claims, filing of complaints etc. W.e.f. 1st January 2016.2.Any claim, complaint, grievances, correspondence will be entertained only if uan is mentioned.3.Those who are not having uan may obtain it from the internet portal of Epfo www.epfindia.gov.in at the home page… Read more »
Bonus Amendment Bill (2015) as passed in Loksabha
Dear all,The Lok Sabha today passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members… Read more »
Launch of Upfront Allotment of UAN to employees
Dear all,Good News from EPF A. Any citizen, even if not a member of EPF, can obtain UAN through online mode. B. To register for UAN, an Online facility has been made available in public domain as a single page form. C. There is no need to submit any physical documents. D. The citizen is… Read more »
Simple steps to change your EPF nomination in UAN online portal
Dear all,As almost one year has been over in regards to generation of Universal Account Number ( UAN) it was launch on 16th Oct 2014 after that many changes and upgradation have been come across in the respective UAN portal Good News for EPF Subscriber now then can update the family information online by simple steps… Read more »
Factories (Maharashtra Amendment) Act 2015
The amendment bill amends Section 66(1) (c) of Factories Act, 1948 to ease provisions related to working of women in night shifts in the state. Key facts * The amendment of 67-year old Act also makes mandatory for factory managements to ensure security of women working in night shifts. * Prior to amendment, the section… Read more »
Principal employer can be liable for EPF contribution of contractor when the latter does not have code number. and Principal employer not liable for provident fund dues of contractor with independent code number.
Dear allAs per the recent judgement as passed by the PUNJAB & HARYANA HIGH COURT Principal employer can be liable for EPF contribution of contractor when the latter does not have code number. and Principal employer not liable for provident fund dues of contractor with independent code number. IMPORTANT POINTS When code No. is allotted… Read more »