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Limited Liability Partnership denotes LLP. As a partnership firm, a partnership is a corporate business vehicle that provides its members with the benefits of a company's limited liability and allows them to manage their internal management on mutually agreed-upon terms. Partners have limited liability for any debt incurred while running the business in the future. This LLP is known as a 'hybrid between a company and a partnership' because it combines elements of both a 'corporate structure' and a 'partnership firm structure'. According to the terms of...

Workmen were employed with uncertain and vague terms. The Industrial Employment (Standing Orders) Act, 1946, was enacted to define employment conditions in industrial establishments and allow the industrial establishment to obtain a standing order to lay down the working conditions for employees. The importance of the order is felt the most in the unorganised sector. The standing order imposes a statutory duty on the employer and employee to comply with. This study presented a comprehensive review of the standing order. Background Of the Standing Order...

Employee Provident Fund (EPF), one of the most popular savings schemes launched by the Government of India, is governed by the Ministry of Labour. EPF is the primary scheme established by the Employee Provident Fund and Miscellaneous Provisions Act of 1952. The Employee Provident Fund Organisation (EPFO) manages the savings scheme. The provident fund (PF) scheme aims to provide an individual with a sufficient retirement corpus and instils the habit of saving money in salaried employees. The fund comprises monetary contributions from both the employer an...

The Employee Provident Fund (EPF) is a retirement savings system that is open to all salaried employees sponsored by the government and paid a fixed interest rate. The Employees Provident Fund Organization (EPFO), a statutory body under the Ministry of Labor and Employment, manages the employee provident fund. EPFO was established to manage the mandated contributions to the PF programme by both employees and employers. When an employee retires, he or she receives a lump sum amount of EPF, which includes the employee's and the employer's contribution, an...

Maternity leave is an essential for women employees. Pregnancy is taxing both physically and emotionally. At the time of pregnancy, a woman's body undergoes numerous changes. Maternity leave ensures expectant mothers paid leave to give them a break from work. Maternity leave protects the jobs of women. At the time of this leave period, according to maternity leave rules in India, a woman cannot be dismissed from her job during maternity leave. The maternity leave rule in India is reformed from time to time to ensure the requirements of society are adequa...

A cooperative society protects the interest of the weaker section of the society. The primary motive of every organisation is to earn profits. However, this is not the case with cooperative societies. A cooperative society is a group of individuals who voluntarily come together to achieve a common economic objective. A multi-state cooperative society is a cooperative society registered under the Multi-State Cooperative Society Act, 2002, and It consolidates and amends the law related to a cooperative society. Multi-State Co-operative Society Section 3...