Of Procedure and Practice!
The Clothing Manufacturers Association of India (CMAI) organised a Seminar by Mr Talakshi Dharod of M/S T R Dharod of Labour & Industrial Law Consultant, on Labour Laws, Important Acts such as ESI, PF, Bonus and Gratuity, on March 3, 2017, at Koshish Hall
A report on the seminar organised by CMAI
“The Indian Economy is now moving towards becoming a Cashless Economy and it is necessary that the Apparel Industry brings transparency in their Business,” said Mr Dharod. He captured the attention of more than 200 Garment Manufacturers who had gathered to hear him speak on Matters related to Employees’ State Insurance Corporation (ESIC), Employees Provident Fund (EPF), Payment of Wages to Labour, etc.
ESIC: Employees’ State Insurance Scheme is a social security system tailored to provide socio-economic protection to Employees and their dependants covered under the Scheme. Mr Dharod said that the ESIS is mandatory when an Garment Manufacturer has more than 10 Employees (Gross salary upto R21,000/- p.m.) if not implemented, he could face arrest.
The Garment Manufacturer is liable to pay 4.75 per cent of the gross salary as his Contribution for every Employee and deduct 1.75 per cent as the Employee's contribution from the wages bill and pay these contributions to the ESIC.
The ESIC benefits that an Employee can avail are: Medical Benefit, Sickness Benefit, Maternity
EPF: Mr Dharod said that the EPF Act is mandatory when the Garment Manufacturer has more than 20 employees. The Garment Manufacturer is liable to pay 13.36 per cent of the gross salary as his contribution for every employee and deduct 12 per cent as the employee’s contribution.
The benefits for the employee are: Accumulation plus Interest upon retirement, resignation or death. Partial withdrawals allowed for specific expenses such as marriages, illness, education, etc. In case of death, his Family will get a monthly pension.
Mr Dharod also briefly touched upon the Payment of Bonus Act and Gratuity Act.
The Seminar ended with a Q& A session wherein Mr Dharod answered the queries of the Members. Benefit, Disablement Benefit, Dependants’ Benefit and Funeral Expenses.
Mr Talakshi Dharod of M/S T R Dharod, Labour & Industrial Law Consultant.
The audience listening with rapt attention to Mr Talakshi Dharod of M/S T R Dharod, Labour & Industrial Law Consultant.
Mr Talakshi Dharod of M/S T R Dharod, Labour & Industrial Law Consultant, being welcomed by Mr Rohit Munjal, Hon Treasurer & Jt Chairman, Fair Sub Committee.