Blog

Any industry continually suffers from disputes. The relationship between employees and their pay is the one that raises the most concerns, and a disagreement between two parties results from their inability to agree. The employer and the employee are the parties involved in the labour dispute. Traditionally, the employer has constantly introduced an excessive self-being in the powerful position, placing the representatives on the lower stepping stool of the general public. This disparity must be corrected so that the representative and the business have...

The new industrial set-up led to the rise of the capitalist economy and split the industrial society into workers and capitalists. Capitalists were known to own resources and means of production, while labour sells services. The two groups do not share any common interests. One wants higher wages and better working conditions, while the other takes advantage of the fact that workers don't have much power in negotiations and denies them their rights. Also, the employers want more work done. It is when these conflicting interests clash that Industrial dis...

The Companies Act of 2017 has completely replaced the old Section 185 of the Companies Act 2013, which covers provisions concerning loans to companies' directors. Section 185 of Companies Act 2017, replaces section 185 of Companies Act 2013, outlines the limitations on the company's advance or guarantee of any loan, also those who are permitted to offer such loans, guarantees and securities subject to Act compliance. Section 185 of the Companies Act, 2013 Section 185 of the Companies Act 2013 governs loan grants' requirements and outlines the terms an...

MSME refers to Micro, Small, and Medium Enterprises and is an essential part of the economy in a developing country like India. These industries are also called SSIs or small-scale industries. MSME registration makes it easier for these businesses to avail benefits that the government gives to MSMEs. As per the MSME Act, a company can acquire MSME registration irrespective of whether it is in the manufacturing or service industry. The Government of India has not made MSME registration mandatory yet. However, getting your business registered under this g...

Bonuses are payments given to employees in addition to their base salaries, the additional pay or compensation an employee receives over their usual salary. The company can award bonuses to entry-level employees and senior-level executives. Besides giving bonuses to prospective employees, companies can distribute them to shareholders. What is bonus pay? An employee gets compensation in addition to their base salary. Bonus Pay is a way for companies to show appreciation to employees or teams that have reached crucial goals. The companies give bonuses t...

Early European employers in India gave "bakhshish," or a gift, to their workers on holidays like "Diwali." They probably did this because they were happy with their high profits. Bonuses are a way for employers to encourage their workers to do their best job. The employees have a legal right to be part of the surplus employers use to pay bonuses. The employer should distribute this part among all workers based on their wages, without considering the dearness allowance or any other allowance. Bonuses motivate employees to work at their most incredible c...

India is where the industrial sector has played a significant role in its economic growth. The industrial sector contributes a large percentage of the GDP and employs millions of people. Every worker must know about these laws to protect their rights. Industrial law is the body of laws governing relations between employers and employees in both public and private sectors. It also covers industrial disputes, unfair dismissal, occupational health and safety, trade unions, etc. Industrial law originated from the English law concept of "industrial remedy" ...

The Indian Trusts Act is one of India's most significant pieces of legislation. The interests of Trusts in India are governed by and protected by this statute. According to the Indian Trusts Act, a Trust's primary goal is to safeguard the interests of its beneficiaries. Trust may get established for any legitimate objective, including philanthropic or governmental goals, but it's essential to have Trust registration. A Trust may also get established for personal objectives, such as income creation or estate planning. A Trustee who can be more than one ...

Industrial disputes arise due to disagreements between employers and workers. Industrial relations involve various aspects of relations between the employer and the workers. In similar relation, a clash of interests may result in dissatisfaction, leading to industrial controversies or conflicts. These controversies may take various forms like demurrers, strikes, demonstrations, cinch-outs, retrenchment, redundancy of workers, etc. An Industrial Tribunal is a legal authority that arbitrates to agree obligatory on both the employer and the worker. The In...