Startup In India - No Inspection & Filling up Returs for 3 year under ESIC & EPFO other LabourLaw
Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years
NEW
DELHI: The Labour Ministry has directed retirement fund body EPFO and
health insurance provider ESIC to exempt startups from inspection and
filing returns for 3 years.
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
The Labour Ministry has directed retirement fund body EPFO and health insurance provider ESIC to exempt startups from inspection and filing returns for three years.
In line with Prime Minister Narendra Modi’s vision to nurture startups,
the ministry said in a set of directions last week that the new age
ventures should be allowed to self-certify their compliance with nine
labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not
be inspected or asked to file returns for three years under nine laws
including Employees’ Provident Fund and Miscellaneous Provisions Act and
the Employees State Insurance Act.
“Promoting startups would need special hand holding and nurturing. Thus,
such ventures may be allowed to self-certify compliance with the Labour
Laws,” he added.
They will be exempted from inspection under the
- Building and other Construction Workers (Regulation of Employment and Conditions of Service) Act
- Inter—State Migrant Workmen (Regulation of Employment and Conditions of Service) Act,
- Payment of Gratuity Act
- ESIC Act
- EPF & MP Act and
- Contract Labour Act.
Startups will also be exempted from filing returns under
- the Industrial Disputes Act,
- Building and other Construction Workers Act,
- Inter-State Migrant Workmen Act,
- Contract Labour Act,
- EPF Act and
- ESI Act.
There will be a blanket exemption from inspection and filing returns for
the first year and would be asked to file an online self declaration
form.
They will also not be asked to file return or inspected for the next two
years, but will be inspected in case a “very credible and verifiable”
complaint of violation is filed in writing and the approval has been
obtained from the Central Analysis and Intelligence Unit (CAIU), Mr.
Aggarwal said.
Except the EPF and Miscellaneous Provisions Act and the ESI Act, the
implementation of other seven laws lies in both central and state
government’s sphere.
Labour Ministry had directed its officials as well as the EPFO and ESIC
to regulate inspection of startups, under laws which lie in the centre’s
sphere.
NEW
DELHI: The Labour Ministry has directed retirement fund body EPFO and
health insurance provider ESIC to exempt startups from inspection and
filing returns for 3 years.
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
NEW
DELHI: The Labour Ministry has directed retirement fund body EPFO and
health insurance provider ESIC to exempt startups from inspection and
filing returns for 3 years.
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.
Labour Secretary Shankar Aggarwal in a letter said startups should not be inspected or ..
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