EY People Regulations' insights – August 2024 edition

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

This month’s newsletter covers the following:

1. Regulatory updates:

a) Employees’ Provident Fund (EPF) related updates covering:

• Format of third-party audit report released for Private Provident Fund Trusts maintained by exempted establishments
• Revised Standard Operating Procedures for joint declarations to be submitted for updating member profile in the EPF records
• Campaign to promote Facial Authentication Technology for submission of Digital Life Certificate for pensioners under the Employees’ Pension Scheme
• 8.25% annual rate of interest declared for EPF member accounts for the Financial Year 2023-24

b) Employees’ State Insurance (ESI) updates covering:

• Bulk Aadhaar seeding of insured persons and their dependents
• Removal of Aadhaar Card from the list of acceptable documents for proof of date of birth for the purpose of ESI
  

c) Draft Jharkhand Platform Based Gig Workers (Registration and Welfare) Bill, 2024 

d) Amendment in the Tamil Nadu Shops & Establishment Rules, 1948 requiring organizations to obtain registration certificates for new / existing establishments 

2. Judicial precedents:

a) Woman attaining motherhood through surrogacy entitled to maternity leave 

b) Conducting an enquiry is necessary before terminating an employee for abandonment of services

We aim to assist you in your journey towards excellence in compliance. We hope you find this newsletter informative and relevant.

For any further details, please feel free to connect with us.

Sonu Iyer
Partner, EY India
Email: Sonu.iyer@in.ey.com
Mobile: 91-9810495178

Puneet Gupta
Partner, EY India
Email: Puneet1.Gupta@in.ey.com
Mobile: 91-9810384932