Maharashtra Labour Welfare Fund has become effective in the year 1953 and is applicable to all the companies in the state that has 5 or more persons employed, who are considered contract labours as per the Act.
MLWF Act
Maharashtra Labour Welfare Fund...
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Includes all employees, including employee through contractor, except those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month.
These funds are considered as fringe benefits since they are offered through collective contribution which is supported by employee, employer who contributes three-times of the amount contributed by the employee and the state government.
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