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Dear Sirs,Trading business firms are generally referred to as "shops" and are covered under the ESI Act, 1948, specifically under section 1(5) of the said Act and the rules and regulations framed thereunder.Before initiating the process of obtaining a Code Numbe...
Dear Seniors,Regarding the ongoing query from Ms. Lavenya, we are also involved in the trading business. Is ESIC applicable to a trading business firm that is registered under the Shop and Establishment Act?Kindly provide your valuable suggestions and reply to t...
Is ESI applicable to the trading industry?My parent company is a manufacturing company of automotive parts in Japan. In India, we are involved in trading imported materials.Kindly advise, is ESI applicable to our organization?
Hi Anuba,I am enclosing the copy of Karnataka Shops & Commercial Establishment Act. On Page 10, it clearly states that "Year" means the year commencing on the first day of January.I hope this is sufficient proof of your doubt.
Dear Anuba Shankar,As per the Shops and Commercial Establishment Act, you have both the options: either to carry forward the leaves to the next calendar year (maximum carry forward is limited to 30), or you shall encash the leave wages at the end of every year. ...
Since you are in Delhi, you need to follow the Delhi Shops and Establishment Act. Check and see what it says. Is there a specific rule requiring carry forward? Our office makes it a rule that all leave needs to be taken during the same year. It's a part of our p...
@jeevarathnam:> No shops, commercial establishments, or factories act follows the fiscal year for leave or annual returns. They only follow the calendar year (CY).Jeeva,Is it explicitly mentioned in the act? Because, as per my understanding, Acts only mention th...
No shops, commercial establishments, or factories follow the fiscal year for leave or annual returns. They only follow the calendar year.
Dear Fellow HR compatriots,I have a query: What are the statutes regarding Privileged Leave for a company in terms of carry forward or encashment? Can any company choose not to carry forward any PL to the next year under any Act?I look forward to some detailed i...