Page 91 - Quick Insights Book 2022

Chap. 24 – Other Laws

Prevailing Statute Proposed Implementation

 The Plantation Labour Act, 1951
 The Contract Labour (Regulation and Abolition) Act, 1970

 The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service)
Act, 1979

 The Working Journalists and Other Newspapers Employees (Conditions of Service) and
Miscellaneous Provisions Act, 1955
 The Working Journalists (Fixation of rates of Wages) Act, 1958

 The Motor Transport Act, 1961
 The Sales Promotion Employees (Conditions of Service) Act, 1976
 The Beedi and Cigar Workers (Conditions of Employment) Act, 1966

 The Cine Workers and Cinema Theatre Workers (Regulation of Employment) Act, 1981

Chartered Accountants can also help companies evaluate the  The Bonded Labour System (Abolition) Act, 1976
key impact of the implementation of new codes which includes
revised gratuity valuation, structuring of wages, evaluation of 3. Labour Law Audit
Bonus liability etc.
Apart from providing consultation in specific labour law(s),
The State Governments are also empowered to enact a Chartered Accountant can also do Labour Law Audit. The
legislations, as Welfare of labour is a subject in the concurrent objective of Labour Law Audit is to identify areas of non-
list under the Constitution of India. compliance and offer recommendations to facilitate continuous
improvement and compliance.
2. Chartered Accountant can also provide advice on
other acts either related to specific industry or area The purview of Labour audit will be as follows:
or class of person. Some of them are listed below:  To check compliance with the prevailing Labour and
Industrial Laws. This would cover a broad spectrum of
 The Iron Ore Mines, Manganese are Mines and Chrome
are Mines Labour Welfare (Cess) Act, 1976 workplace issues including child labour, contract labour,
women’s rights, harassment and abuse, wage and
 The Iron Ore Mines, Manganese are Mines and Chrome overtime violations and health and safety hazards.
are Mines Labour Welfare Fund Act, 1976
 Examine compliance with the laid down policies and
 The Beedi Workers Welfare Cess Act, 1976 procedures of the Company.
 The Beedi Workers Welfare Fund Act, 1976
Related Links
 The Limestone and Dolomite Mines Labour Welfare Fund List of Central Acts - https://labour.gov.in/list-enactments-ministry
Act, 1972

 The Child and Adolescent Labour (Prohibition and 9. ENERGY AUDIT
Regulation) Act, 1986
Chartered Accountants can play a very important role as energy
 The Labour Laws (Exemption from Furnishing Returns auditor. The function of an energy auditor could be compared
and Maintaining Registers by Certain Establishments) with that of a financial auditor. The financial auditor is a pre-
Act, 1988. (- The Amendment Act 2014) requisite for any organisation while energy auditor is not yet a
mandatory requirement on an all-India basis. The energy auditor
 The Employees Compensation Act, 1923) - The is normally expected to give recommendations on efficiency
Employees’ Compensation (Amendment) Act 2017
improvements leading to monetary benefits and also advise on

78 Quick Insights on Professional Opportunities for Chartered Accountants