Maharashtra Government Declares Holiday On 21st October 2019

On The Occasion Of State Election Day

Government of Maharashtra vide notification has declared election-holiday on 21st of October 2019 for all establishments located in Maharashtra. In this regard, employers of establishments are instructed to provide paid holiday to all employees working in such establishment. The said notification is applicable to all establishment under Industries, Energy and Labour Department, including hotels, restaurants, factories, shop, shopping centers, cinema theaters, retailers, information technology companies, private companies (Please refer to the notification for detailed information).

Issue of notification	September 27
Last day for filing nomination	October 4
Scrutiny of nominations	October 5
Withdrawl of nominations	October 7
Date of poll	October 21
Counting of votes	October 24

The notification further instructed employer to seek permission from concerned district authority in case of any emergency for not declaring holiday in the event of election and thereafter, employer in such emergency situation shall provide only two to three hours of paid-leave to all employees for exercising their right to vote.

1. According to the democratic pattern of our country, all citizens who were registered over 18 years It is up to 100 % to vote in the election. Taking into account this issue, the People's Representation and the Act, 1949

According to Rule 135 (b) of (Part-2), the voter is entitled to vote on the day of voting. Payment can be made to pay, or reasonable discounts on working hours at some locations. Give in. Some of my past choices have been that organizations, establishments, etc. Paid goodbye Or do not offer discounts. This leaves many voters disenfranchised, which very dangerous for democracy.

2. As per the order issued by the Election Commission of India in 288 Assembly constituencies in Maharashtra. The election will be held on 21st October 2019. All the voters in this election belong to them

The following orders are given to ensure that the voting right is done properly:

I) Workers /officials/employees who are voting in the polling area for election. Everyone who is outside of the general election area shall be entitled to vote on the day of the election.

Payment should be made to pay.

II) Not to mention all the establishments, factories, shops and shops belonging to this industry, energy and labor department.

Applicable residences (eg establishments in private companies, all shops and other establishments, residential hotels, Eating houses, other houses, theaters, businesses, industrial establishments or other establishments as well as information and technology Company, Show Pag Sutter, Moms, Retail.)

III) Exceptionally, in the case of workers, officers, employees, etc., the full day will not be paid. So, workers in the polling area have only two to three hours instead of free time to vote. Can be discounted. Regarding the matter, he had earlier informed the concerned district officials and district election officials. Permission will be required. In any case, voters need at least two to three hours to vote Establishment owners will be required to take account of the receipt of compensation.

IV) All establishments, factories, industries, industries, industries and labor as mentioned above Shops, etc. Remember that the above instructions are strictly adhered to by the owners/management Be careful. Voters vote not to receive the appropriate discount or exemption for voting In case of failure to arrive, appropriate action will be taken.

Declaration of  PF Rate Of Interest for the Employees Provident Fund Members Account for the year 2018-2019

      

Labour Ministry notifies 8.65% interest rate on EPF for 2018-19

Ø  The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts at a higher rate of 8.65 per cent for 2018-19.

Ø  The Labour Ministry has notified 8.65 per cent interest rate on employees provident fund for 2018-19, which will now be credited to the accounts of more than 6 crore subscribers of retirement fund body EPFO, Union minister Santosh Gangwar said on Tuesday.

Ø   The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts at a higher rate of 8.65 per cent for 2018-19.

Ø"It gives me immense pleasure that for fiscal 2018-19, Labour Ministry has notified 8.65 per cent rate of interest on employees' provident fund (EPF). This rate of interest is 10 basis points higher than 8.55 per cent provided in 2017-18," Gangwar said in a statement issues here.

Ø"This rate of interest (8.65 per cent) was approved by the EPFO's apex decision making body Central Board of Trustees on February 22, 2019. We received concurrence of the Finance Ministry on September 19, 2019. Thereafter, Labour Ministry issued a notification for providing 8.65 per cent rate of interest for 2018-19," the minister said.

ØThe minister also informed that this decision would pave the way for crediting Rs 54,000 crore as 8.65 per cent interest for 2018-19, into the accounts of more than 6 crore EPFO subscribers.

EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalid

EPF member is required to make nomination using Form 2. Recently, EPFO has launched  the e-nomination facility on the member sewa portal.

As per EPF scheme rules, once you get married the previous nomination made by you automatically becomes invalid in your PF and EPS account.

Did you know that when you get married your EPF and EPS nominations become invalid? As per the rules of Employees' Provident Fund (EPF) Scheme, 1952, any nomination made by you for your EPF and EPS accounts automatically becomes invalid when you get married and you are required to make a fresh nomination.

Puneet Gupta, Director, People Advisory Services, EY India says, "As per the Provident Fund Scheme, a fresh nomination is required by the member on his / her marriage and any nomination made before marriage shall be deemed to be invalid. This means that if you have joined the EPF and EPS before your marriage then post your marriage you will have to make a fresh nomination as the previous nomination made will be considered invalid, i.e., as if you have never made nomination."

Saraswathi Kasturirangan, Partner, Deloitte India says, "The nomination in EPF and EPS made prior to marriage automatically stands cancelled after marriage. As per the rules of the EPF scheme, an EPFO member is required to do fresh nomination after marriage."

• Rules of nomination in EPF and EPS account

As per the EPF Act, only defined family members can be nominated in an EPF account. Ms. Kasturirangan says, "Under the EPF Act- (i) in the case of a male member ''family'' means his wife, his children (whether married or unmarried), his dependent parents and his deceased son's widow and children and

ii) In the case of a female member, "family" means - her husband, her children (whether married or unmarried), her dependant parents, her husband's dependent parents and her deceased son's widow and children."

However, the rules of nomination for EPF and EPS are different. Gupta says, "Family, in respect of whom nomination may be made, is defined differently for the purpose of Provident Fund Scheme and Pension Scheme. In the case of EPF, a member has an option to nominate even his/her parents, apart from spouse and children. However, in the case of EPS, a member can nominate only his spouse and children."

Gupta says, "After marriage, you can still nominate your parents (irrespective of your gender) or any other family member as defined in the law in your EPF account. However, for your pension scheme account, you can only nominate your spouse and children after your marriage."

CHANGE OF WAGE LIMIT {PARA 2(f) OF EPF SCHEME 1952}

uPERIOD                           Wage limit per month  

u01.11.1952 to 31.05.1957          Rs. 300/-

u01.06.1957 to 30.12.1962          Rs. 500/-       

u31.12.1962 to 10.12.1976          Rs. 1000/-

u11.12.1976 to 31.08.1985          Rs. 1600/-

u01.09.1985 to 31.10.1990          Rs. 2,500/-

u01.11.1990 to 30.09.1994          Rs. 3,500/-

u01.10.1994 to 31.05.2001          Rs. 5,000/-

u01.06.2001 to 31.08.2014          Rs. 6,500/-

u01.09.2014 onwards                  Rs. 15,000/-

CONNECT – ONE Dynamic Synergies Private Limited, a company registered under the provisions of Companies Act, 1956 is an expert and diversified service provider in the highly sensitive, regulated areas of HR Compliances viz., HR – Audit, HR – Statutory Compliance, HR–Payroll (Including IT compliance), HR – Pay Structuring,  Contract Staffing etc.

The Company is headquartered at Bangalore and extends its services to cater to the needs of its clientele on PAN INDIA basis.  We are a professionally managed company backed by a team of highly qualified and dedicated professionals willing to serve at a scintillating speed for deliverables within the accepted turnaround time.   Non-Disclosure, Non-Compete and maintaining confidentiality of customer information is an unwritten commitment and is of paramount importance to us.

The company’s one other specialized Key Area is organizing mandatory and statutory licenses from all Government Agencies for a New Entrepreneur Company to complete its new Project and to start its commencement of business and commencement of production.    To elaborate, we ensure getting Licenses/No Objection Certificate/Consent Letters from Authorities viz., Pollution Control Board/Department of Factories, Boilers, Industrial Safety & Health, Department of Fire, Karnataka Industrial Areas Development Board, Department of Labour, PF/ESI/Professional Tax, Airport Authority of India, Karnataka Ground Water Authority and such other authorities as may be required under the provisions of various Statutes for commencement of new Project/Company.   In a nut-shell, we will be able to provide you any and all your statutory requirements under a SINGLE ROOF, which will not only help the company to get its approvals in the shortest possible time but also help in reduction of  time, energy and cost.

For small timers and start-ups, our other core area of service is its expertise and include organizing Licenses from various Statutory Authorities viz., Department of Factories for Factory Licenses, Department of Labour for Licenses under Shops & Establishments, Civic Agencies -  for Trade License,  Provident Fund, ESI and Professional Tax Registrations and compliance.   The company do provide the entrepreneurs with extension of additional services in organizing requirements, such as, Registration of Digital Signature, MSME Registration and Registration of Companies with the Registrar of Companies, GST Registration, PAN requirements etc., besides providing end-to-end HR Services.

We understand that while getting the right services, at right time, in a right way is everyone’s delight, cost of the service also matters most.We provide our services at an affordable and amicable cost acceptable to both.