Cash Wages not allowed

[Jeet Shah]

Pranam.

As per latest circular no. 14(87)/2016 dt 25/11/16 issued by Ministry of Labour & Employment all big employers shall make payments of wages to contract or permanent employees through bank account only. Cash payments is not allowed. This rule is applicable with immediate effect without any monetary limit.

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Yours Sincerely,
Jeet R.Shah
       M.Com , CFP , Ph.D
Partner - Veer Consultancy Services
F-6 , Second Floor , 

Jawan Nagar CHS ,

Adjacent to Indraprastha Shopping Centre

Borivali - West , Mumbai - 400092
cell - 9867 23 9899
www.veerconsultancy.com






Please don't print this e-mail unless you really need to.

[Jenny Furiya]

Hi....

Have you find this circular on any other site than share blast....I can't find it on ministry of labour n employment site..if u have...kindly send d link.

Thank u...

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[Jeet Shah]

Pranam.

Got it from a CA friend and yes you are right even I cant find it on the ministry website.

[JAY SHAH]

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From: Jenny Furiya
Sent: ‎27-‎11-‎2016 10:46
To: kutchhi-...@googlegroups.com
Subject: Re: Cash Wages not allowed

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[Kailash Mehta]

Don't send this mail
Had no authenticity

On Nov 27, 2016 10:57 AM, "JAY SHAH" <jayd...@gmail.com> wrote:

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From: Jenny Furiya
Sent: ‎27-‎11-‎2016 10:46

To: kutchhi-gurjar-ca@googlegroups.com

[Atul Shah]

Dear all,

In my view, letter is genuine, but it is in the nature of advisory and not manadatory.

To make it manadatory, there should be an amendment in law. 

This is my personal view; if anyone has client employing large number of contractual workers / paying salary in cash to even regular employee may be advised to take necessary legal advise. 

Atul Shah

GMK&Co.

Sent from my iPad

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[Kishore Mehta]

Dear All,

I have a different view as the cirular say that you motivate to open more account and the respective officer has to report that how many additional accounts are opened. There is no restriction for payment of salary in cash.

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[Dilip Sanghvi Consultants]

Dear Sir,

I feel it is for labour payments or for labour intensive industry.

It is not applicable for office staff payments

Regards
Dilip Sanghvi

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