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What are Labour contractors?

Leia Doyle

What are Labour contractors?

contract labour Contract labour normally refers to workers who are hired for a specific task and a finite period. In Third World countries the term sometimes refers to a system whereby workers are hired by an intermediary—the labour contractor—who supplies them to the employer for a fee.

How much do Labour contractors make?

Labour contracting appears to throw up fat margins. If a company rents out 30,000 workers, and each of them makes Rs 10,000 a month, with the company taking a 10% commission, or Rs 1,000 from each, that comes to Rs 3 crore every month. This is good income in a business with low overheads.

How do I start a labour contractor Business?

  1. License under Shops and establishment Act of the state.
  2. If Opening a Pvt Ltd then Registration with ROC.
  3. Registration with Services tax department.
  4. Registration with Professional tax Departmeent.
  5. Obtain Pan Card /Tan No etc.
  6. Open Current Account in the Bank.
  7. Register with Labour welfare Fund Authority.

What do labour contractors do?

As the very name suggests, a labour contractor works on a labour contract basis. Once all the materials are made available, the labor contractor will depute the building owner gave his workforce, who would commence the assigned work and complete the work as per the directions.

When contract Labour Act is applicable?

CLRA Act is applicable to every establishment in which 20 or more workmen are employed as contract labour or were so employed anytime during last 12 months. Hence, the Act would be become applicable once 20 or more workmen are employed as contract labour on any day in an establishment during the preceding 12 months.

What is Labour welfare fund?

Labour welfare is an aid in the form of money or necessities for those in need. The Labour Welfare Fund Act incorporates various services, benefits and facilities offered to the employee by the employer. Such facilities are offered by the means of contribution from the employer and the employee.

How do I start manpower outsourcing business?

Legal Requirements to Start an HR Consultancy Business

  1. I. Register your Business:
  2. II. Register with the Ministry of Overseas Indian Affairs:
  3. III. Register for Goods and Services Tax (GST):
  4. IV. Purchase a Domain Name and Website:
  5. V. Purchase Logins for Online Job Search Engines:
  6. VI.
  7. VII.
  8. VIII.