Tuesday, 15 October 2019
Thursday, 10 October 2019
Renewal of Factory License under Directorate of Industrial Safety and Health (DISH) for the year 2020
Employers may be aware that renewal of factory license under DISH is due by 31.10.2019 for the year 2020. Any application not filed before the due date would attract 10% surcharge if it is filed before 30th November 2019 and 20%surcharge, if it is filed by 31st December 2019. The license if not renewed for more than a year, would expire normally by 31st December of each year.
To avoid all the repercussions, Employers are advised to renew their factory license before 20th October 2019 without waiting for the due date to happen.
This year, the renewal application in Form No. 2 has to be uploaded only on the portal of the DISH as per the User ID and Password provided. As this is the first occasion to file the license renewal application by online, members are requested to initiate their actions well in advance or otherwise they may not get the portal support at the fag end. The fee Schedule is already provided in the Annual Report sent for the year 2018-19.
Accordingly, Employers can attempt to renew the license through online by paying the correct fee without any omission before the due date. For transfer and amendments also the fee has been enhanced and accordingly, by the schedule attached members can arrive the correct payment to be made for renewal / amendment / transfer of license for the year 2020 and make the license renewal / amendment / transfer applications well in advance.
New ESIC Changes w.e.f. 1st October, 2019
The ESI Act 1948, encompasses certain health-related eventualities that the workers are generally exposed to; such as sickness, maternity, temporary or permanent disablement, Occupational disease or death due to employment injury, resulting in loss of wages or earning capacity-total or partial. Social security provision made in the Act to counterbalance or negate the resulting physical or financial distress in such contingencies are thus, aimed at upholding human dignity in times of crises through protection from deprivation, destitution and social degradation while enabling the society the retention and continuity of socially useful and productive manpower.
The Employees' State Insurance Act 1948 (the ESI Act) provides for medical, cash, maternity, disability and dependent benefits to the Insured Persons under the Act. The ESI Act is administered by Employees' State Insurance Corporation (ESIC). Benefits provided under the ESI Act are funded by the contributions made by the employers and the employees.
The Government of India in its pursuit of expanding the Social Security Coverage to more and more people started a programme of special registration of employers and employees from December, 2016 to June, 2017 and also decided to extend the coverage of the scheme to all the districts in the country in a phased manner. The wage ceiling of coverage was also enhanced from Rs. 15,000/- per month to Rs. 21,000/- from 01.01.2017.
Current ESIC contribution Rate:
- Employers' share: 3.25%
- Employees share: 0.75%
Changes in ESIC with effect from 1st October, 2019
- Employees must be registered online on the date of appointment; the online system shall allow maximum 10 days to register the new employee.
- Employee will have to collect their Biometric ESI Permanent Card from the nearest Branch Office.
- Contribution against employee must be deposited within the due date. You shall not be able to deposit contribution online after 42 days from the end date of the contribution period.
- Employee whose per day salary is Rs. 176/- or less need not to pay Employee's contribution and the same will be paid by Govt. However, the Employer will have to pay their share of contribution.
Wednesday, 9 October 2019
Compilation of all Compliance Calendar under
Various Law for the month of October 2019
D. Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015
Half Yearly Compliances
Event Based Compliances