Hello Team,
Can someone guide me on the statutory compliances mandatory for a nonprofit set up with a staff strength of 150+ employees? Are PF, ESI, and Gratuity norms mandatory for a nonprofit organization?
From India, Delhi
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1Can someone guide me on the statutory compliances mandatory for a nonprofit set up with a staff strength of 150+ employees? Are PF, ESI, and Gratuity norms mandatory for a nonprofit organization?
From India, Delhi
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Dear Mayuri,
Please go through the definitions of the term "industry" under section 2(j) of the IDA, 1947 and under section 2(l) of the Code on Industrial Relations, 2020.
Other than statutory bonus, a non-profit organization run to satisfy any human needs or wants has to comply with all the labor laws applicable to it.
From India, Salem
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Please go through the definitions of the term "industry" under section 2(j) of the IDA, 1947 and under section 2(l) of the Code on Industrial Relations, 2020.
Other than statutory bonus, a non-profit organization run to satisfy any human needs or wants has to comply with all the labor laws applicable to it.
From India, Salem
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You are paying 150+ staff and maintaining records like salary register, social security contributions, professional tax statements, etc., and each of these activities is regulated by various legislations, right? So please ensure that your organization fulfills all payroll and applicable labor statutory compliance. In case compliance is not taken care of properly, get the assistance of an expert immediately and fix it. Also, make sure that somebody within the organization understands and monitors the compliance procedures, even though it is outsourced.
From India, Bangalore
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From India, Bangalore
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Mayuri,
Whether labor laws would be applicable and which of them would be applicable depends upon various factors like the type of your organization, i.e., whether it is a society or any other body, whether any exemptions are issued by the Income Tax Department or any other governmental agency, the number of employees employed, and the funding of your organization, i.e., whether it receives grants, etc. A detailed opinion can only be given after you clarify these aspects.
- S. K. Mittal
9319956443
From India, Faridabad
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Whether labor laws would be applicable and which of them would be applicable depends upon various factors like the type of your organization, i.e., whether it is a society or any other body, whether any exemptions are issued by the Income Tax Department or any other governmental agency, the number of employees employed, and the funding of your organization, i.e., whether it receives grants, etc. A detailed opinion can only be given after you clarify these aspects.
- S. K. Mittal
9319956443
From India, Faridabad
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