EY People and Regulations Insights - Monthly Newsletter

We are delighted to present the third edition of our monthly newsletter - EY People and Regulations Insights. The newsletter is designed to provide you with a snapshot of recent judicial precedents and regulatory announcements impacting employers and employees.

This month’s newsletter covers the following:

• Following circulars released by the Employees’ Provident Fund Organisation (EPFO): (a) Revised Frequently Asked Questions (FAQs) on higher pension benefit under the Provident Fund law; (b) Standard Operating Procedure (SOP) for surrender and cancellation of exemption granted to establishments with private provident fund trusts; (c) FAQs on SOP for inspection of establishments; and (d) SOP for freezing and defreezing of Member IDs (MID) / Universal Account Numbers (UAN) / Establishments
  
  
• Option of phased withdrawal of the lumpsum benefits by the NPS subscribers
  
  
• Circular issued by the Employees’ State Insurance Corporation (ESIC) introducing changes in the Aadhar seeding application
  
  
• Directions on settlement of death claims under the Employees Deposit Linked Insurance (EDLI) Scheme
  
  
• 2 new EPFO Regional Offices in Mumbai for rationalisation of Regional Offices of Bandra and Thane zones by the EPFO
  
  
• Supreme Court ruling upholding the applicability and precedence of specific employment rules in the Standing Orders over general service rules for workmen
  
  
• Regulation of Gig Workers under the Tamil Nadu Manual Workers (Regulations of Employment and Conditions of Work) Act, 1982