Employment Laws | Significant Updates

In line with its emphasis on easing costs for compliance with employment laws, the Central Government has come out with an important notification to reduce the administrative charges payable by employers in relation to social security contributions.

In this Ergo, we analyse the impact of this notification. First, however, we take the opportunity to remind our readers of the fast-approaching deadline for another scheme floated earlier.

A. DEADLINE TO REGISTER UNDER 'SCHEME TO PROMOTE REGISTRATION OF EMPLOYERS/ EMPLOYEES' FAST APPROACHING

Background

The Employees' State Insurance Corporation (ESIC) launched the 'Scheme to Promote Registration of Employers/Employees' (SPREE) on 20 December 2016 as a one-time drive to extend the social security benefits under the Employees' State Insurance Scheme (ESI Scheme) to all employees eligible under the Employees' State Insurance Act, 1948 (ESI Act), who had so far been left out of the coverage of ESI Scheme.