INDIA LABOR & EMPLOYMENT LAWS OVERHAUL
Legal Era|November 2020
With a more pragmatic approach along with an endeavor to better India’s ease of doing business position, the Codes aim to achieve much-needed reforms to bring the labor laws of India in tune with the current requirements of employer - employee relationship, compliance standards, rendering the labor law regime a more workable and less cumbersome
Harsimran Singh
INDIA LABOR & EMPLOYMENT LAWS OVERHAUL

Three Codes, having received assent from the Hon’ble President on September 28, 20201, mark the initiation of a new era in the regime of labor & employment laws of India. The said Codes, namely:

1. The Occupational Safety, Health and Working Conditions Code, 2020 (“OSHWC Code”),

2. The Code on Social Security, 2020 (“SS Code”), and

3. The Industrial Relations Code, 2020 (“IR Code”)

shall revamp numerous existing laws in a more consolidated-comprehensive-collated form; and essentially aim not only to further benefit the employees/ workers but also to titivate India’s ease of doing business image at large by introducing less cumbersome compliance mechanism(s). The said Codes include the necessary amendments resulting out of the current pandemic-times keeping in view the unprecedented situations faced by employees, employers and above all the relevant statutory authorities.

The present article provides an overview of the key highlights that each of the said Codes shall introduce respectively so as to bring about a complete overhaul in the Indian labor & employment laws domain.

The introduction of the above stated three Codes was set into motion last year with the introduction of the Code on Wages 2019 or the Wage Code which endeavors to consolidate the provisions of four labor laws (namely the Equal Remuneration Act, 1976; the Minimum Wages Act, 1948; the Payment of Wages Act, 1936; and the Payment of Bonus Act, 1965) concerning wage and bonus payments and makes universal the provisions for minimum wages and timely payment of wages for all workers in India.

The OSHWC Code

Esta historia es de la edición November 2020 de Legal Era.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición November 2020 de Legal Era.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE LEGAL ERAVer todo
If You Think Positive Covid Is A Big Opportunity
Legal Era

If You Think Positive Covid Is A Big Opportunity

Senior Vice President and Head of Legal, ESSAR CAPITAL, Badrinath Durvasula, holds forth on his professional journey, the essence of leadership, working from home, books and more…

time-read
10+ minutos  |
December 2020
PROJECT DEVELOPMENT
Legal Era

PROJECT DEVELOPMENT

JOINT VENTURE TRANSACTIONS

time-read
10+ minutos  |
December 2020
NEW ARBITRATION RULES
Legal Era

NEW ARBITRATION RULES

PUBLISHED BY THE LONDON COURT OF INTERNATIONAL ARBITRATION (LCIA) AND INTERNATIONAL CHAMBER OF COMMERCE (ICC)

time-read
6 minutos  |
December 2020
M&A in the time of COVID and beyond
Legal Era

M&A in the time of COVID and beyond

What is clear for those engaging in cross-border M&A is that countries around the world are becoming increasingly protective of their economies and industries, with new rules being introduced and existing rules being more widely applied

time-read
6 minutos  |
December 2020
SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD
Legal Era

SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD

Swiss law interprets the offense of fraud in a special way where in addition to the characteristics of deception and damage as known in many jurisdictions, a qualified lie, i.e. a malicious approach, is required

time-read
5 minutos  |
December 2020
JOINT VENTURE DISPUTES MEDIATING
Legal Era

JOINT VENTURE DISPUTES MEDIATING

Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to crossborder disputes while preserving the commercial relationship between them.

time-read
7 minutos  |
December 2020
Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA
Legal Era

Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA

A TEST CASE IN THE MAKING?

time-read
8 minutos  |
December 2020
CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE
Legal Era

CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE

Two recent developments in Singapore case law and legislation reflect a willingness to preserve confidentiality related obligations in all arbitrations

time-read
5 minutos  |
December 2020
ESSENTIAL GOODS SERVICES UNDER IBC
Legal Era

ESSENTIAL GOODS SERVICES UNDER IBC

WHAT DOES IT ESSENTIALLY MEAN?

time-read
6 minutos  |
December 2020
A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE
Legal Era

A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE

A LOOK AT THE KEY CHANGES PRESIDENT-ELECT BIDEN IS LIKELY TO MAKE ONCE HE TAKES OFFICE

time-read
7 minutos  |
December 2020