This document summarizes the Employees' Provident Fund Scheme, 1952 which establishes provisions for provident funds for employees in India. Key points:
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer provident funds.
- It defines membership, contributions, withdrawals, payments and other administrative aspects of the provident funds for different types of employees and industries.
- The provisions apply to various factories and establishments defined in the Employees' Provident Funds Act, 1952 and come into force on dates specified for different industries.
This document outlines the Employees' Provident Funds Scheme, 1952 which establishes rules for India's employee provident fund. Some key points:
- It applies to all factories and establishments covered under the Employees' Provident Funds Act, 1952 with some exceptions.
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer the fund and sets rules for their composition, meetings, powers, and duties.
- It defines membership eligibility and contribution requirements for employees, employers' responsibilities, procedures for maintaining member accounts and records, provisions for withdrawals, loans and payments from the fund.
- It includes special provisions for certain industries like newspapers, cine-workers, and international workers
The document provides news updates on taxation and corporate law changes in India. It summarizes 7 notifications related to taxation, including withdrawing the Delhi Sugam-1 form, setting the last date for a direct tax dispute resolution scheme, notifying rules for an equalization levy, and clarifying the admissibility of bad debt claims. It also summarizes a notification on indirect tax dispute resolution scheme rules and a circular extending deadlines for company form filings and waiving additional fees.
The document discusses the definition, importance, scope and application of standing orders under the Indian law, which are rules relating to matters of employment that provide clarity on rights and obligations of employers and employees. It notes the process for employers to submit draft standing orders to certifying officers for certification, and the penalties for non-compliance. Certified standing orders have the force of law and help minimize industrial conflicts.
Petroleum & Natural Gas Regulatory Board Act, 2006Karthik Madhavan
This document provides an overview of the Petroleum and Natural Gas Regulatory Board Act of 2006 in India. It establishes the Petroleum and Natural Gas Regulatory Board to regulate activities like refining, processing, storage, transportation, distribution, and marketing of petroleum, petroleum products, and natural gas. The board is tasked with protecting consumer interests, ensuring adequate supply across India, and promoting competitive markets. It has various functions like registering entities, regulating transportation rates, maintaining information databases, and more. The board can adjudicate disputes and issue directions. Entities must register with the board before conducting certain activities.
This document outlines key aspects of the Industrial Employment (Standing Orders) Act of 1946 in India, including:
1. It establishes rules for standing orders (workplace rules) in industrial establishments with 100+ employees. Employers must submit draft standing orders to Certifying Officers for approval.
2. Certifying Officers review drafts for compliance and fairness, allow worker input, and may modify drafts before certification.
3. Certified standing orders come into effect after a review period unless appealed. Copies are registered and must be prominently posted for workers.
4. Certified standing orders generally cannot be modified for 6 months without employer-worker agreement. The Act aims to ensure fair workplace rules
This document provides an overview of key definitions and concepts under the Industrial Disputes Act, 1947 in India. It discusses:
1) Important definitions like "appropriate government", "industry", "workman", and "wages" which determine the scope and coverage of the Act.
2) What constitutes an "industrial dispute", including ingredients like who can raise a dispute and whether individual or collective disputes are allowed.
3) The functioning of dispute resolution mechanisms like conciliation (conducted by officers and boards) and adjudication (by labour courts, tribunals, national tribunals). It outlines their roles, powers, and procedures.
Excellent material for Students of PGPSE / CS / CA / LAW for preparation. Join AFTERSCHOOOL - it is free. Become social entrepreneur and change the world
This document summarizes the Employees' Provident Fund Scheme, 1952 which establishes provisions for provident funds for employees in India. Key points:
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer provident funds.
- It defines membership, contributions, withdrawals, payments and other administrative aspects of the provident funds for different types of employees and industries.
- The provisions apply to various factories and establishments defined in the Employees' Provident Funds Act, 1952 and come into force on dates specified for different industries.
This document outlines the Employees' Provident Funds Scheme, 1952 which establishes rules for India's employee provident fund. Some key points:
- It applies to all factories and establishments covered under the Employees' Provident Funds Act, 1952 with some exceptions.
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer the fund and sets rules for their composition, meetings, powers, and duties.
- It defines membership eligibility and contribution requirements for employees, employers' responsibilities, procedures for maintaining member accounts and records, provisions for withdrawals, loans and payments from the fund.
- It includes special provisions for certain industries like newspapers, cine-workers, and international workers
The document provides news updates on taxation and corporate law changes in India. It summarizes 7 notifications related to taxation, including withdrawing the Delhi Sugam-1 form, setting the last date for a direct tax dispute resolution scheme, notifying rules for an equalization levy, and clarifying the admissibility of bad debt claims. It also summarizes a notification on indirect tax dispute resolution scheme rules and a circular extending deadlines for company form filings and waiving additional fees.
The document discusses the definition, importance, scope and application of standing orders under the Indian law, which are rules relating to matters of employment that provide clarity on rights and obligations of employers and employees. It notes the process for employers to submit draft standing orders to certifying officers for certification, and the penalties for non-compliance. Certified standing orders have the force of law and help minimize industrial conflicts.
Petroleum & Natural Gas Regulatory Board Act, 2006Karthik Madhavan
This document provides an overview of the Petroleum and Natural Gas Regulatory Board Act of 2006 in India. It establishes the Petroleum and Natural Gas Regulatory Board to regulate activities like refining, processing, storage, transportation, distribution, and marketing of petroleum, petroleum products, and natural gas. The board is tasked with protecting consumer interests, ensuring adequate supply across India, and promoting competitive markets. It has various functions like registering entities, regulating transportation rates, maintaining information databases, and more. The board can adjudicate disputes and issue directions. Entities must register with the board before conducting certain activities.
This document outlines key aspects of the Industrial Employment (Standing Orders) Act of 1946 in India, including:
1. It establishes rules for standing orders (workplace rules) in industrial establishments with 100+ employees. Employers must submit draft standing orders to Certifying Officers for approval.
2. Certifying Officers review drafts for compliance and fairness, allow worker input, and may modify drafts before certification.
3. Certified standing orders come into effect after a review period unless appealed. Copies are registered and must be prominently posted for workers.
4. Certified standing orders generally cannot be modified for 6 months without employer-worker agreement. The Act aims to ensure fair workplace rules
This document provides an overview of key definitions and concepts under the Industrial Disputes Act, 1947 in India. It discusses:
1) Important definitions like "appropriate government", "industry", "workman", and "wages" which determine the scope and coverage of the Act.
2) What constitutes an "industrial dispute", including ingredients like who can raise a dispute and whether individual or collective disputes are allowed.
3) The functioning of dispute resolution mechanisms like conciliation (conducted by officers and boards) and adjudication (by labour courts, tribunals, national tribunals). It outlines their roles, powers, and procedures.
Excellent material for Students of PGPSE / CS / CA / LAW for preparation. Join AFTERSCHOOOL - it is free. Become social entrepreneur and change the world
The document provides an overview of environmental and health and safety legal requirements in India. It summarizes several key acts related to water management, including the Water (Prevention and Control of Pollution) Act of 1974, which regulates water pollution and trade effluents. It also discusses the Water Cess Act of 1977, which levies a cess on water consumption. Additionally, it outlines some of the major health and safety acts that regulate various aspects of labor conditions in India.
This document summarizes the Employees' Provident Fund Scheme, 1952 which establishes provisions for employee provident funds in India. Key points:
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer provident funds.
- It defines membership, contributions, withdrawals, payments and other administrative aspects of the provident funds for different types of employees and industries.
- The provisions apply to factories and other establishments covered under the Employees' Provident Funds Act, 1952 and come into force on dates specified for different industries.
The document summarizes regulations around the handling and management of hazardous wastes in India. It outlines key responsibilities and rules for occupiers generating hazardous waste, operators of waste facilities, and transporters. Key points include:
- Occupiers and operators are responsible for proper collection, treatment, storage and disposal of hazardous wastes.
- Occupiers and operators must obtain authorization from State Pollution Control Boards for waste management activities.
- Wastes must be packaged and labeled appropriately for safe transport. A manifest system tracks the transport of wastes.
- Detailed records must be maintained and annual returns submitted to authorities by occupiers and operators.
- Import or export of wastes for dumping is not allowed,
This document provides an overview of the Sick Industrial Companies (SICA) Act of 1985. The key points are:
1) The SICA Act was enacted to address problems of industrial sickness, especially in crucial sectors where public money was tied up.
2) It establishes special provisions for timely detection of sick companies and speedy restructuring measures determined by an expert body.
3) These measures include legal, financial, and managerial restructuring. It also establishes the BIFR and AAIFR quasi-judicial bodies to oversee rehabilitation of sick companies.
The document provides an overview of the Factories and Machinery Act 1967 (FMA 1967) and associated regulations in Malaysia. It discusses the objectives of the FMA 1967, which are to control factory operations regarding safety, health and welfare, as well as machinery registration and inspection. It outlines the key parts and sections of the Act related to preliminary definitions, safety and health requirements, accident reporting, and machinery registration. The document also compares the FMA 1967 to the Occupational Safety and Health Act 1994, noting differences in application, scope, and objectives.
The document summarizes recent amendments to several Indian labour laws:
1. The Factories Act was amended to improve welfare measures like canteens and creches and appoint safety officers, and prevent police from filing cases against employers for accidents.
2. The ESI Act's wage ceiling was raised to Rs. 15,000 and conveyance allowance was excluded from wages. Records only need be kept for 5 years.
3. The EPF Act increased death benefit coverage to Rs. 1,30,000.
4. The Workmen Compensation Act raised compensation minimums and maximums and extended the calculation wage ceiling. It may also be renamed the Employees Compensation Act.
This document provides an overview of the Factories Act of 1948 in India. Some key points:
- The Factories Act was first enacted in 1881 and amended several times to regulate labor conditions in factories. The 1948 Act consolidated and amended previous labor laws.
- The purpose of the 1948 Act is to consolidate and amend laws regulating labor in factories. It extends to all of India and came into effect in 1949.
- The Act establishes authorities like Inspectors and Certifying Surgeons to enforce the law. It outlines health, safety, welfare and working hour provisions for factories to protect workers.
- Provisions relate to issues like cleanliness, ventilation, lighting, drinking water, safety of machinery,
The document outlines various changes to India's service tax regulations. Key points include:
1) The general service tax rate will increase from 12.36% to 14% and a new 2% Swachh Bharat cess will be introduced.
2) Several services will become taxable, such as construction activities and transportation of goods like oil. Some services are now exempt, like waste treatment.
3) Certain services must now be paid under the "reverse charge mechanism" whereby the service receiver, not provider, pays the tax. This includes services from mutual funds and use of manpower supply.
4) Definitions have been added and dates have been set for the new rates and provisions
The document provides an overview of key aspects of the Factories Act 1948 in India, including:
1) The objectives of the Act are to regulate working conditions and hours, protect worker health and safety, and provide welfare amenities.
2) The Act covers factories where 10 or more workers are employed. It addresses issues like cleanliness, ventilation, lighting, drinking water, and more.
3) The safety provisions cover machinery guarding, personal protective equipment, and precautions regarding hazardous materials.
4) Additional chapters address welfare, working hours, employment of young persons, annual leave, and powers of factory inspectors.
5) Statutory registers must be maintained and appointments like welfare officers are
Legislative framework for OSH in India.pptxVandanaAgrawa1
The document outlines India's legislative framework for occupational safety and health (OSH). It notes that several ministries have enacted statutes related to OSH in sectors like manufacturing, mines, ports, construction, as well as for dangerous substances, activities, electricity, and the environment. Some of the key OSH statutes discussed include the Factories Act, Mines Act, Dock Workers Act, and Building and Other Construction Workers Act. It also provides statistics on registered factories in India and discusses the administration and regulation of OSH in various industries.
This chapter of the Mining Investment Manual provides an overview of the legal guarantees and protections for foreign investment in Peru's mining sector. It discusses the country's foreign investment laws, including guarantees of legal stability agreements that protect investors from changes to laws and regulations. It also covers tax and contractual stability agreements that mining companies can negotiate with the government. The chapter aims to inform potential investors of the principal legal frameworks governing foreign investment in Peruvian mining.
The document summarizes the Karnataka Factories Rules of 1969 which were enacted to regulate factories in the state of Karnataka, India. It outlines rules for site approval and construction of factories, recognition of competent persons to inspect factories, registration and licensing of factories. It includes forms and fees applicable for things like permission for new factories, recognition of inspectors, registration of existing factories and license renewal. Rules also specify minimum inspection frequency and procedures to ensure workplace safety in factories.
1. The Bureau of Indian Standards Act was enacted to establish the Bureau of Indian Standards and provide for its functions related to standardization, marking, and quality certification of goods.
2. The Act lays out the constitution and functions of the Bureau, Executive Committee, and other committees. It addresses the transfer of assets, liabilities, and employees from the pre-existing Indian Standards Institution.
3. Key aspects regulated by the Act include use of Standard Marks, registration restrictions, compulsory use of standards for certain industries, licensing terms, and penalties for improper use of marks or non-compliance with standards.
The document discusses the Labour Department and its aims to improve working conditions, maintain industrial relations, and enforce labour laws through 29 legislations. It also aims to provide welfare benefits to workers like minimum wages, overtime pay, and ensure occupational health and safety. The department is responsible for enforcing legislation, conciliation of disputes, and maintaining industrial peace. It discusses strengthening various divisions within the department to handle the growing workload and implement its goals more effectively.
This document provides an overview of the Payment of Wages Act of 1936 in India. It discusses the history and amendments of the act since 1936. The act aims to regulate payment of wages and ensure they are paid on time without unauthorized deductions. It applies to various industries and establishes authorities like inspectors to enforce the act. The act benefits employees by specifying wage payment timelines, limiting deductions, and establishing penalties for non-compliance.
This document outlines the Self-Monitoring and Reporting Tools by Industry Rules established in 2001 in Pakistan. It classifies industries into categories A, B, and C for reporting frequencies on liquid effluents and gaseous emissions. It also defines key terms, establishes responsibilities for industrial units to submit monitoring reports, outlines report requirements, and lists priority industries in each classification. The rules aim to support enforcement of environmental standards and develop an industry pollution database.
The document summarizes key regulations that govern the petroleum industry in India to promote safety and environmental protection. Several statutory agencies frame rules on issues like import/transport/storage of petroleum, construction of tanks, and safety of workers. Major acts discussed are the Petroleum Act 1934, Explosives Act 1884, Factories Act 1948, and various environmental legislations. The responsibilities of industries include obtaining consents, complying with emission/effluent standards, and ensuring safety of operations.
The document discusses the Factory and Machinery Act 1967 (FMA 1967) and associated regulations in Malaysia. The key points are:
1) FMA 1967 aimed to control factory operations regarding safety, health and welfare, and register machinery.
2) It specified requirements for machinery, duties of employees and occupiers, and required written approval and inspections.
3) Numerous regulations were gazetted to provide detailed provisions on specific safety and health matters.
4) The Occupational Safety and Health Act 1994 (OSHA 1994) later superseded the FMA 1967 in the event of conflicts and had a broader scope of application.
The document contains details of a one day training session on health, safety and environment (HSE) legislations to be delivered by Pannalal Soni on February 26, 2018. The training will cover numerous Indian laws governing factory safety, hazardous chemicals, explosives, gas cylinders, boilers, electricity, and environmental protection. It will explain the objectives of safety legislation, responsibilities of employers and employees, and the authorities responsible for enforcement. An overview of key sections of the Factories Act of 1948 regarding occupational health, safety, welfare, working hours and penalties will also be provided.
The document provides an overview of environmental and health and safety legal requirements in India. It summarizes several key acts related to water management, including the Water (Prevention and Control of Pollution) Act of 1974, which regulates water pollution and trade effluents. It also discusses the Water Cess Act of 1977, which levies a cess on water consumption. Additionally, it outlines some of the major health and safety acts that regulate various aspects of labor conditions in India.
This document summarizes the Employees' Provident Fund Scheme, 1952 which establishes provisions for employee provident funds in India. Key points:
- It establishes a Board of Trustees, Executive Committee, and Regional Committees to administer provident funds.
- It defines membership, contributions, withdrawals, payments and other administrative aspects of the provident funds for different types of employees and industries.
- The provisions apply to factories and other establishments covered under the Employees' Provident Funds Act, 1952 and come into force on dates specified for different industries.
The document summarizes regulations around the handling and management of hazardous wastes in India. It outlines key responsibilities and rules for occupiers generating hazardous waste, operators of waste facilities, and transporters. Key points include:
- Occupiers and operators are responsible for proper collection, treatment, storage and disposal of hazardous wastes.
- Occupiers and operators must obtain authorization from State Pollution Control Boards for waste management activities.
- Wastes must be packaged and labeled appropriately for safe transport. A manifest system tracks the transport of wastes.
- Detailed records must be maintained and annual returns submitted to authorities by occupiers and operators.
- Import or export of wastes for dumping is not allowed,
This document provides an overview of the Sick Industrial Companies (SICA) Act of 1985. The key points are:
1) The SICA Act was enacted to address problems of industrial sickness, especially in crucial sectors where public money was tied up.
2) It establishes special provisions for timely detection of sick companies and speedy restructuring measures determined by an expert body.
3) These measures include legal, financial, and managerial restructuring. It also establishes the BIFR and AAIFR quasi-judicial bodies to oversee rehabilitation of sick companies.
The document provides an overview of the Factories and Machinery Act 1967 (FMA 1967) and associated regulations in Malaysia. It discusses the objectives of the FMA 1967, which are to control factory operations regarding safety, health and welfare, as well as machinery registration and inspection. It outlines the key parts and sections of the Act related to preliminary definitions, safety and health requirements, accident reporting, and machinery registration. The document also compares the FMA 1967 to the Occupational Safety and Health Act 1994, noting differences in application, scope, and objectives.
The document summarizes recent amendments to several Indian labour laws:
1. The Factories Act was amended to improve welfare measures like canteens and creches and appoint safety officers, and prevent police from filing cases against employers for accidents.
2. The ESI Act's wage ceiling was raised to Rs. 15,000 and conveyance allowance was excluded from wages. Records only need be kept for 5 years.
3. The EPF Act increased death benefit coverage to Rs. 1,30,000.
4. The Workmen Compensation Act raised compensation minimums and maximums and extended the calculation wage ceiling. It may also be renamed the Employees Compensation Act.
This document provides an overview of the Factories Act of 1948 in India. Some key points:
- The Factories Act was first enacted in 1881 and amended several times to regulate labor conditions in factories. The 1948 Act consolidated and amended previous labor laws.
- The purpose of the 1948 Act is to consolidate and amend laws regulating labor in factories. It extends to all of India and came into effect in 1949.
- The Act establishes authorities like Inspectors and Certifying Surgeons to enforce the law. It outlines health, safety, welfare and working hour provisions for factories to protect workers.
- Provisions relate to issues like cleanliness, ventilation, lighting, drinking water, safety of machinery,
The document outlines various changes to India's service tax regulations. Key points include:
1) The general service tax rate will increase from 12.36% to 14% and a new 2% Swachh Bharat cess will be introduced.
2) Several services will become taxable, such as construction activities and transportation of goods like oil. Some services are now exempt, like waste treatment.
3) Certain services must now be paid under the "reverse charge mechanism" whereby the service receiver, not provider, pays the tax. This includes services from mutual funds and use of manpower supply.
4) Definitions have been added and dates have been set for the new rates and provisions
The document provides an overview of key aspects of the Factories Act 1948 in India, including:
1) The objectives of the Act are to regulate working conditions and hours, protect worker health and safety, and provide welfare amenities.
2) The Act covers factories where 10 or more workers are employed. It addresses issues like cleanliness, ventilation, lighting, drinking water, and more.
3) The safety provisions cover machinery guarding, personal protective equipment, and precautions regarding hazardous materials.
4) Additional chapters address welfare, working hours, employment of young persons, annual leave, and powers of factory inspectors.
5) Statutory registers must be maintained and appointments like welfare officers are
Legislative framework for OSH in India.pptxVandanaAgrawa1
The document outlines India's legislative framework for occupational safety and health (OSH). It notes that several ministries have enacted statutes related to OSH in sectors like manufacturing, mines, ports, construction, as well as for dangerous substances, activities, electricity, and the environment. Some of the key OSH statutes discussed include the Factories Act, Mines Act, Dock Workers Act, and Building and Other Construction Workers Act. It also provides statistics on registered factories in India and discusses the administration and regulation of OSH in various industries.
This chapter of the Mining Investment Manual provides an overview of the legal guarantees and protections for foreign investment in Peru's mining sector. It discusses the country's foreign investment laws, including guarantees of legal stability agreements that protect investors from changes to laws and regulations. It also covers tax and contractual stability agreements that mining companies can negotiate with the government. The chapter aims to inform potential investors of the principal legal frameworks governing foreign investment in Peruvian mining.
The document summarizes the Karnataka Factories Rules of 1969 which were enacted to regulate factories in the state of Karnataka, India. It outlines rules for site approval and construction of factories, recognition of competent persons to inspect factories, registration and licensing of factories. It includes forms and fees applicable for things like permission for new factories, recognition of inspectors, registration of existing factories and license renewal. Rules also specify minimum inspection frequency and procedures to ensure workplace safety in factories.
1. The Bureau of Indian Standards Act was enacted to establish the Bureau of Indian Standards and provide for its functions related to standardization, marking, and quality certification of goods.
2. The Act lays out the constitution and functions of the Bureau, Executive Committee, and other committees. It addresses the transfer of assets, liabilities, and employees from the pre-existing Indian Standards Institution.
3. Key aspects regulated by the Act include use of Standard Marks, registration restrictions, compulsory use of standards for certain industries, licensing terms, and penalties for improper use of marks or non-compliance with standards.
The document discusses the Labour Department and its aims to improve working conditions, maintain industrial relations, and enforce labour laws through 29 legislations. It also aims to provide welfare benefits to workers like minimum wages, overtime pay, and ensure occupational health and safety. The department is responsible for enforcing legislation, conciliation of disputes, and maintaining industrial peace. It discusses strengthening various divisions within the department to handle the growing workload and implement its goals more effectively.
This document provides an overview of the Payment of Wages Act of 1936 in India. It discusses the history and amendments of the act since 1936. The act aims to regulate payment of wages and ensure they are paid on time without unauthorized deductions. It applies to various industries and establishes authorities like inspectors to enforce the act. The act benefits employees by specifying wage payment timelines, limiting deductions, and establishing penalties for non-compliance.
This document outlines the Self-Monitoring and Reporting Tools by Industry Rules established in 2001 in Pakistan. It classifies industries into categories A, B, and C for reporting frequencies on liquid effluents and gaseous emissions. It also defines key terms, establishes responsibilities for industrial units to submit monitoring reports, outlines report requirements, and lists priority industries in each classification. The rules aim to support enforcement of environmental standards and develop an industry pollution database.
The document summarizes key regulations that govern the petroleum industry in India to promote safety and environmental protection. Several statutory agencies frame rules on issues like import/transport/storage of petroleum, construction of tanks, and safety of workers. Major acts discussed are the Petroleum Act 1934, Explosives Act 1884, Factories Act 1948, and various environmental legislations. The responsibilities of industries include obtaining consents, complying with emission/effluent standards, and ensuring safety of operations.
The document discusses the Factory and Machinery Act 1967 (FMA 1967) and associated regulations in Malaysia. The key points are:
1) FMA 1967 aimed to control factory operations regarding safety, health and welfare, and register machinery.
2) It specified requirements for machinery, duties of employees and occupiers, and required written approval and inspections.
3) Numerous regulations were gazetted to provide detailed provisions on specific safety and health matters.
4) The Occupational Safety and Health Act 1994 (OSHA 1994) later superseded the FMA 1967 in the event of conflicts and had a broader scope of application.
The document contains details of a one day training session on health, safety and environment (HSE) legislations to be delivered by Pannalal Soni on February 26, 2018. The training will cover numerous Indian laws governing factory safety, hazardous chemicals, explosives, gas cylinders, boilers, electricity, and environmental protection. It will explain the objectives of safety legislation, responsibilities of employers and employees, and the authorities responsible for enforcement. An overview of key sections of the Factories Act of 1948 regarding occupational health, safety, welfare, working hours and penalties will also be provided.
Similar to Manglore Chemical & Fertilizer (MCF) (20)
Corporate Governance : Scope and Legal Frameworkdevaki57
CORPORATE GOVERNANCE
MEANING
Corporate Governance refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions. It is, in essence, a toolkit that enables management and the board to deal more effectively with the challenges of running a company.
The presentation deals with the concept of Right to Default Bail laid down under Section 167 of the Code of Criminal Procedure 1973 and Section 187 of Bharatiya Nagarik Suraksha Sanhita 2023.
A Critical Study of ICC Prosecutor's Move on GAZA WarNilendra Kumar
ICC Prosecutor Karim Khan's proposal to its judges seeking permission to prosecute Israeli leaders and Hamas commanders for crimes against the law of war has serious ramifications and calls deep scrutiny.
2. Table of Contents
::Company Profile
::Products
::Location
::Manufacturing Process
::Devices & Equipments
::Manpower Deployment
::Transaction
::Environment, Health & Safety
3. Company Profile::
::-MCF was started in 1966 with Dugal
Enterprises Private Limited.
::-It’s a Public Limited Company.
::-Registered on BSE and NSE.
::-Having Headquarter in Bangalore.
::-Parent Company is UB Group.
::-Dr. Vijay Mallya is the Chairman of the UB
Group.
4. ::-Comes under Department of Fertilizers and
Chemicals.
::-Governed by Ministry of Chemicals &
Fertilizers.
Share Holding Pattern::-
:CentralState Government-.89%
:Financial Institutions & Banks-.35%
11. Manufacturing Process::
1. Ammonia pumping : Liquid ammonia is
pumped from the multistage pump which
maintain the reaction pressure in the vertical
stainless steel vessel.
2. Carbon dioxide compression: Ammonia plant
directly boost the carbon dioxide from the
compression section as it readily form at the
CO2 section of ammonia production plant.
12. 3. Urea synthesis tower: It is lined with film of oxides
to protect form corrosion. Catalyst bed is placed in
the inner side of the autoclave structure and 180-
200 atm pressure at temperature about 180-200 deg
centigrade is maintained. Plug flow operation take
places and molten urea is removed from the top of
the tower.
4. Distillation tower and Flash drum: This high
pressure slurry is flashed to 1 atm pressure and
distilled to remove excess ammonia and
decomposed ammonia carbamated salts are
removed and recycled.
13. 5. Vacuum Evaporator: The solution is fed to
vacuum evaporator for concentrating the slurry.
6. Prilling Tower: It is dryer where the molten
slurry is passed from top of the tower into a
bucket which rotates and sprinkles the slurry
and air is passed from the bottom. All the
moisture is removed as the urea form into
granules during it journey to the bottom of the
tower. This granules are sent by conveyor to the
bagging section.
19. Contract Labour (Regulation and
Abolition) Act, 1970
Contract Labour (Regulation and
Abolition) Karnataka Rules, 1974
Compliance::-
1-Registration of establishment(Form I)
2- Display of Abstract of the Act and Rules
20. Maternity Benefit Act, 1961
Karnataka Maternity Benefit Rules, 1966
Compliance::
1-Display of Abstract of the Act in the language
understood by majority of workers in a
conspicuous place in every part of establishment
where women are employed.(Form J)
2-File Annual Return before 1st Feb. of each
year.(Form 20 of the Karnataka Factories Rules,
1969)
21. Employee State Insurance Act, 1948
Employee State Insurance Rules,
1950
Compliance::-
1-Registration of
Factory/Establishment.
2-Deduction From the
Salaries/Wages.
22. Minimum Wages Act, 1948
Karnataka Minimum Wages Rules, 1958
Compliance::
1-Payment of Minimum Wages to each
employee in schedule employment before
the expiry of 10th day after the last day of
the wage period.
2-Submission of Annual Return (Form III
with in a period of one month after expiry
of year.)
23. Industrial Employment (Standing
Orders) Act, 1946
Karnataka Industrial Employment
Act(Standing Orders) Rules, 1961
Compliance::
1-Obtain Certificate Of Standing Order
From Certifying Authority. (Form1)
2-Display of Standing Order in Main
Entrance of Establishment.
24. Employment Exchange(Compulsory
Notification of Vacancies) Act, 1959
Employment Exchange(Compulsory
Notification of Vacancies) Rules, 1960
Compliance::
1-Notification of Vacancies within 15
days.
2-Biennial Returns. (Form ER-11 with
in 30 days in every 2 years)
25. Karnataka Industrial Establishments (
National and Festival Holidays) Act, 1963
Karnataka Industrial Establishments
(National and Festival Holidays) Rules, 1963
Compliance::
1-Display of list of National and Festival
Holidays.
2-Working on National and Festival
Holidays.
26. Inter-State Migrant Workmen (Regulation of
Employment and Condition of Service) Act, 1979
Inter-State Migrant Workmen (Regulation of
Employment and Condition of Service)
(Karnataka) Rules, 1981
Compliance::-
1-Application for Registration of Establishment
employing Migrant Workmen. (Form I)
2-Form of Certificate by Principal
Employer.(Form-VI).
27. Equal Remuneration Act, 1976
Equal Remuneration Rules, 1976
Compliance::-
1-Registers to be maintained in relation to
the worker.(Form D)
2-Payment of equal remuneration to
women and men workers employed to the
same work.
28. Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act,
2013
Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Rules,
2013
Compliance::-
1-Internal Complaint Committee.
2-Display of penal consequences of sexual
harassment .
29. Employees Compensation Act, 1923
Karnataka Workmen’s Compensation
Rules, 1966
Compliance::-
1-Maintenance of Notice Book.(Form 35)
2-Display of abstract of the Act in the
Premises.
30. Cigarette and other Tobacco Products (Prohibition
of Advertisement and Regulation of Trade and
Commerce, Production, Supply and
Distribution) Act, 2003
Prohibition of Smoking in Public Places Rules,
2008
Compliance::-
1-Prohibit any use of smoking area other than
for smoking
2- Display warning as No Smoking Area in
public places
31. Payment of Bonus Act, 1965
Payment of Bonus Rules, 1975
Compliance::-
1-Records of amount due and actually
disbursed (From C).
2-Filing of Annual Return (Form D With in a
period of 8 months after closing of
accounting year)
32. Finance
Applicable Laws:-
Karnataka Tax on Professions, Trades, Callings
and Employments Act, 1976
Karnataka Tax on Professions, Trades, Callings
and Employments Rules, 1976
Compliance::-
1-Display of certificate registration
conspicuously at the place of work.
2- Submission of annual return (Form 5 with in
60 days of expiry of a year with proof of
payment of tax)
33. Finance Act, 1994
Service Tax Rules, 1994
Compliance::-
1-Submission of half yearly return (Form ST-3
online on or before 25th of the next month
2-Maintenance of records
34. Karnataka Value Added Tax Act, 2003
Karnataka Value Added Tax Rules 2005
Compliance::-
1- Filing of monthly Return(Form VAT 100
within 20 days after the end of relevant
month. )
2-Maintenance of VAT Account (with detail
of input and output tax with debit and
credit notes)
35. Karnataka Tax on Entry of Goods Act,
1979
Karnataka Tax on Entry of Goods
Rules, 1979
Compliance::
1-Registration of Dealer (Form 1)
2-Submission of annual return
(Form 5 within 30 days after the
close of year).
36. Income Tax Act, 1961
Income Tax Rules, 1962
Compliance::-
1-TCS Payment (Within 7 days of expiry of
month except the month of March)
2-TDS Payment (on or before 30th of April in
case of income paid in the month of March)
37. Karnataka Electricity (Taxation on
Consumption or sale) Act 1959
Karnataka Electricity (Taxation on
consumption or Sale) Rules, 2014
Compliance::-
1-Submission of Returns( Form B with
in two months after expiry of Month)
2-Books of Accounts (Form A and
Form D)
38. Environment, Health & Safety
Environment (Protection) Act, 1986
E-waste (Management and Handling)
Rules, 2011
Compliance::-
1- Annual return (Form 3 on or before
30th of June)
2- Collection of e-waste
39. Bio-Medical Waste( Management and
Handling) Rules, 1998
Compliance::-
1-Submission of Annual Report (Form II by
31st January)
2-Maintenance of Records
40. Hazardous Waste( Management , Handling
and Transboundry Movement) Rules, 2008
Compliance::-
1-Sale or disposal of hazardous waste
2-Application for Authorization (Form I
41. Electricity Act, 2003
Central Electricity Authority(Measures Relating
to Safety and Electric Supply) Regulations, 2010
Compliance::
1-Display of Danger Notice
2-Painting of Panels
42. Petroleum Act, 1934
Petroleum Rules, 2002
Compliance::
1-License for storage of petroleum
2- Prevention of escape of petroleum
43. Air (Prevention and Control of
Pollution) Act, 1981
Karnataka Air (Prevention and
Control of Pollution) Rules, 1983
Compliance::
1-Application for Consent.(Form I)
2- Control equipment
44. Water (Prevention and Control of Pollution)
Act, 1974
Karnataka State Board for the prevention
and Control of Water Pollution (Procedure
for Transaction of Business) and the Water
(Prevention and Control of Pollution) Rules,
1976.
Compliance::
1-Obtainment of Consent Order( Form XIII)
2- Prohibition on use of stream or well