India - Employment Snapshots.

Legal News & Analysis – Asia Pacific - India - Labour & Employment

20 January, 2020

 

  • Guidelines on Compensation of Whole-Time Directors /CEO /Material Risk Takers and Control Function Staff

    By way of circular dated November 4, 2019, RBI has replaced the existing guidelines and issued revised guidelines on ‘Compensation of Whole-Time Directors /Chief Executive Officers / Material Risk Takers and Control Function Staff’ applicable to all private sector banks (including local area banks, small finance banks and payments banks) and foreign banks operating in India and for pay cycles with effect from April 1, 2020...

 

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  • Transgender Persons (Protection of Rights) Act, 2019

    The key features of the Transgender Persons (Protection of Rights) Act, 2019 (‘TPA’) released by the Ministry of Law and Justice are as follows:
     
    i. Prohibition of Discrimination: A transgender person cannot be discriminated inter alia in educational institutions, unfair treatment in relation to employment or termination of employment, healthcare services...

 

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  • Industrial Relations Code Bill, 2019

    The Industrial Relations Code Bill, 2019 (‘IRCB’), which has been introduced in the Lok Sabha on November 28, 2019, intends to merge 3 Central labour statutes (viz. the Industrial Disputes Act, 1947, the Trade Unions Act, 1926 and the Industrial Employment (Standing Orders) Act, 1946) into a single code...

 

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  • Code on Social Security, 2019

    In an effort to simplify and consolidate labour laws, the Government of India is in the process of consolidating several central labour laws into four codes.  The Code on Social Security, 2019 (‘Code’) is the last of such codes to be introduced in the Parliament...

 

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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com