If state declared minimum wage is more and any company contractors are entering in LTS with lower wage than minimum wage for five years.
Whether any agreement (LTS) with lower wage than prescribed minimum wage is valid?
From India, New Delhi
1Whether any agreement (LTS) with lower wage than prescribed minimum wage is valid?
From India, New Delhi
Dear friend,
Pl refer Section 25 of the Minimum Wages Act,1948:
"25.Contracting out. - Any contract or agreement, whether made before or after the commencement of this Act, whereby an employee either relinquishes or reduces his right to a minimum rate of wages or any privilege or concession accruing to him under this Act shall be null and void in so far as it purports to reduce the minimum rate of wages fixed under this Act."
I do hope it is self explanatory.
From India, Salem
Pl refer Section 25 of the Minimum Wages Act,1948:
"25.Contracting out. - Any contract or agreement, whether made before or after the commencement of this Act, whereby an employee either relinquishes or reduces his right to a minimum rate of wages or any privilege or concession accruing to him under this Act shall be null and void in so far as it purports to reduce the minimum rate of wages fixed under this Act."
I do hope it is self explanatory.
From India, Salem
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State minimum Wage-01-04-2017 (VDA).pdf