If the company is registered under Section 8 of the Companies Act 2013 for the purpose of education or other social causes related to the community or society, is it liable to comply with various labor laws such as gratuity, employees' provident fund, state employees' insurance scheme, labor welfare fund, and many others, as other Private Limited and Limited liability firms are liable for the compliance of their workforce?
Is it necessary under this provision of the Companies Act? If the company is deploying a number of employees, is there any employer-employee relationship, which is commonly called a master-servant relationship, whether such a relationship exists in these types of companies? Can anyone elaborate on the same?
From India, Mumbai
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Is it necessary under this provision of the Companies Act? If the company is deploying a number of employees, is there any employer-employee relationship, which is commonly called a master-servant relationship, whether such a relationship exists in these types of companies? Can anyone elaborate on the same?
From India, Mumbai
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Companies Act 2013 does not address relaxation from any labor legislation. In order to be classified as an industry, it is not necessary for there to be a profit motive. Conversely, if your establishment is not considered 'an industry,' then these labor Acts will not be applicable to it. Clearly, if it is established that a master-servant relationship exists, then the situation will change.
From India, Kannur
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4482From India, Kannur
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