compliance for new manufacturing company where no of employee is 50-100
9 months ago
Which compliance is applicable to a new manufacturing company
A.Dear Client,
The licensing provisions of the Industries Development and Regulation Act, 1951 are applicable to industrial undertakings only if the number of workers employed is more than 50/100 with/without the aid of power. This means that any of the small scale industrial undertaking working with employees less than 50/100 with/without the aid of power is exempted from the provisions of Sections 10, 11, 11-A and 13 of the IDR Act, '51 even if the item in question is otherwise under compulsory licensing as per the industrial policy. However, as per the notification dated 10/03/1992 of the Ministry of Industry, Deptt of SSI and Agro Rural Industry, the small-scale/ancillary industrial undertakings which were denied registration after 30.6.1988 on the grounds that the item was compulsorily licensable can now be registered if the number of persons employed was less than 50/100 with/without the aid of power. Accordingly, laws related to the Industrial Disputes Act, 1947, The Industrial Employment (Standing Orders) Act, 1946; The Minimum Wages Act, 1948, The Payment of Wages Act, 1936, The Payment of Bonus Act, 1965, The Equal Remuneration Act, 1976, The Employees’ State lnsurance (ESI) Act, 1948, The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952, The Employee’s Compensation Act, 1923, The Maternity Benefit Act, 1961, The Payment of Gratuity Act, 1972 are applicable even in SSI unit deploying less than 50/100 workmen with/without the aid of power.
The licensing provisions of the Industries Development and Regulation Act, 1951 are applicable to industrial undertakings only if the number of workers employed is more than 50/100 with/without the aid of power. This means that any of the small scale industrial undertaking working with employees less than 50/100 with/without the aid of power is exempted from the provisions of Sections 10, 11, 11-A and 13 of the IDR Act, '51 even if the item in question is otherwise under compulsory licensing as per the industrial policy. However, as per the notification dated 10/03/1992 of the Ministry of Industry, Deptt of SSI and Agro Rural Industry, the small-scale/ancillary industrial undertakings which were denied registration after 30.6.1988 on the grounds that the item was compulsorily licensable can now be registered if the number of persons employed was less than 50/100 with/without the aid of power. Accordingly, laws related to the Industrial Disputes Act, 1947, The Industrial Employment (Standing Orders) Act, 1946; The Minimum Wages Act, 1948, The Payment of Wages Act, 1936, The Payment of Bonus Act, 1965, The Equal Remuneration Act, 1976, The Employees’ State lnsurance (ESI) Act, 1948, The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952, The Employee’s Compensation Act, 1923, The Maternity Benefit Act, 1961, The Payment of Gratuity Act, 1972 are applicable even in SSI unit deploying less than 50/100 workmen with/without the aid of power.
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A.Dear client,
The following are the major compliances to a new manufacturing company:
The Companies Act, 2013
Goods and Service Tax Act, 2017
Income Tax Act, 1961
Labour Laws
Environmental Laws
Intellectual Property Laws
Factories Act
The following are the major compliances to a new manufacturing company:
The Companies Act, 2013
Goods and Service Tax Act, 2017
Income Tax Act, 1961
Labour Laws
Environmental Laws
Intellectual Property Laws
Factories Act
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