The Maharashtra Labour Welfare Fund Act

The Maharashtra Labour Welfare Fund Act

Labour195331 sections

The Maharashtra Labour Welfare Fund Act regulates the creation and administration of a dedicated labor welfare fund. It applies to employers and employees in factories, transport undertakings, and commercial shops and establishments employing five or more people in Maharashtra. The Act requires employers to transfer unpaid employee accumulations, such as unclaimed wages and gratuity, and fines to a state-appointed board. Sustained by joint financial contributions from employers, employees, and the Maharashtra government, this fund is vital because it safeguards unclaimed worker earnings while financing welfare schemes and facilities that improve the overall living standards and health of the workforce.

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