UCS Newsletter | The Compliance Watch january 2023

New Year Greetings from UCS!

In this edition:

  • UCS POV: An Overview of the BOCW Compliances
  • What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000?
  • Hike in EPFO pension not possible in view of its huge financial implications
  • Govt examining Supreme Court order on employees’ pension scheme: Union minister Rameswar Teli
  • Moonlighting: Staff can’t take up work that’s against company’s interests, says govt
  • Labour and Employment Ministry updates Labour Codes
  • ESIC to invest up to 15% surplus funds in stock market via ETFs
  • EPFO Rule Changed! Now Without e-nomination, you will not be able to see the PF balance, EPFO is telling the whole process
  • EPFO pension 15000 salary limit rejected: Supreme Court cancels the limit of Rs 15 thousand for pension contribution
  • UCSCompliTool – A SaaS Based Tool Designed to Enhance Compliance Quality. A One-Stop Platform to Monitor and Track your Labour Law Compliance Risks.

*The information shared in the newsletter is based on Government notifications and newspaper articles. This is for general information purposes only and does not constitute legal advice.