What is the term factory according to factory Act 1948?

What is the term factory according to factory Act 1948?

According to Sec 2(m), “factory” means any premises including the precincts thereof— (i) whereon ten or more workers are working or were working on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on with the aid of power, or is ordinarily so carried on, or.

What is meant by Factories Act?

Centre. The Factories Act, 1948 is a social legislation which has been enacted for occupational safety, health and welfare of workers at work places. The objective of the Act is to regulate the conditions of work in manufacturing establishments coming within the definition of the term ‘factory’ as used in the Act.

How many sections are there in the factory Act 1948?

Factories Act 1948

Sections Title
4 Power to declare different depertments to be separate
5 Factories or two or more factories to be a single factory
6 Power to exempt during public emergency
7 Approval, licensing and registration of factories

Who can be occupier as per Factories Act?

The Factories Act stipulates that every factory must have an “Occupier” – defined under its Section 2(n) as the person who has ultimate control over the affairs of the factory. A proviso was inserted in 1987 to the clause (n) that, in the case of a company, any one of the directors shall be deemed to be the Occupier.

Is Restaurant A factory under Factories Act?

There should be no need for such an investigation unless any of the restaurants owned by the petitioner is a restaurant as defined by the Madras Act and is also a factory as defined by the Factories Act of 1948.

Who is a child as per Factories Act?

No child below the age of 14 shall be required to, or allowed to, work in any factory. The Act defines a child as a person who is below 15 years of age.

What is the objective of factory Act?

The main objective of the Factories Act 1948 is to ensure adequate safety measures in the factory premises. The Factories Act promotes health & welfare of the workers employed in factories as well as prevents haphazard growth of factories.

Who is a child as per factories Act?

Where is factory Act applicable?

The Act is applicable to any factory whereon ten or more workers are working, or were working on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on with the aid of power, or is ordinarily so carried on, or whereon twenty or more workers are working, or were …

Who is occupier of the factory?

(n) “occupier” of a factory means the person who has ultimate control over the affairs of the factory 5***.

What are the general duties of occupier of a factory?

The occupier has the following general duties under the factory act, 1948

  • Ensure and insure the safety and health of the working employees.
  • To ensure the regular maintenance of the plant or the machinery in the factory.
  • To ensure the proper arrangement in the factory for any emergency.

Is Hotel a factory?

New Delhi: The Union ministry of labour and employment has decided to include the hotel industry under the Factories Act, making it mandatory for hotels to fix proper shifts and pay overtime to its employees if they work for more than eight hours a day. …

What was Section 85 of the Factories Act?

Free for one month and pay only if you like it. 85 Power to apply the Act to certain premises. —

What does Section 85 ( 1 ) of the tax code mean?

Section 85 (1) Transferring Assets to a Corporation on a Tax-Deferred Basis Section 85 permits a tax free rollover of property to a corporation but only as long as the transferor accepts some shares as part of the consideration received for the transfer.

What is the purpose of Section 85 rollover?

Section 85 permits a tax free rollover of property to a corporation but only as long as the transferor accepts some shares as part of the consideration received for the transfer. The purpose of subsection 85(1) is to allow a taxpayer to defer gains that are accrued on assets transferred to a Canadian corp.

Can a taxpayer make a transfer under Section 85?

This section provides that you, as the taxpayer, can make the transfer at an agreed amount on which the Act imposes various limitations. You have to elect a dollar amount, as opposed to making a descriptive election, in setting the agreed amount for the purposes of subsection 85 (1).