Dear all, I need help.. which laws wil be applicable to real estate field related To HR..
Acknowledge(0)
Amend(0)
Acknowledge(0)Amend(0)
Hi Your company will come under the purview of Shops and Establishments Act
From India, Madras
Acknowledge(0)Amend(0)
1015From India, Madras
Acknowledge(0)Amend(0)
As far as registration is concerned, Shops & Establishments is fine for real estate concern. What about the payment of the minimum wage; under which scheduled employment will it fall? In Maharashtra, it falls under Construction of Roads/Building, and the Minimum Wage is the highest among all scheduled industries in Maharashtra as per my knowledge.
Regards,
Suresh
From India, Thane
Acknowledge(0)Amend(0)
Regards,
Suresh
From India, Thane
Acknowledge(0)Amend(0)
Real estate business has nothing to do with construction, I understand. If there is no separate notification for employees in the real estate industry, you can follow the minimum wages of shops and commercial establishments. What is important is that the wages paid to your employees should not be less than that payable to 'similar' kind of work in other scheduled employment. Even the salary of sales promotion employees would be okay for persons who undertake to convert a lead into a deal.
In addition to the law relating to minimum wages, you have to follow other laws like ESI, EPF, etc., depending on the number of employees employed and the salary that they are paid.
From India, Kannur
Acknowledge(0)Amend(0)
In addition to the law relating to minimum wages, you have to follow other laws like ESI, EPF, etc., depending on the number of employees employed and the salary that they are paid.
From India, Kannur
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.