query on labour law

NITIN (Querist) 06 July 2010 This query is : Resolved
My client is into Depository Participant Operations i.e Opening of Demat A/c's etc.
As per SEBI guidelines, we are required to carry out personal verification of clients regarding their address etc.
and this verification has to be done by the comopany's employees only. We have clients in various parts of India.
It is not possible to employee someone for this puprose since verification is not a regular feature and it will involve higher
costs in terms of regular salary and travelling at various parts of the country. So we have decided to employee on part time
basis and in various parts of the country. My question is how do we pay him so that we can comply with "Minimum wages Act",
PF, PT and ESIC. If we pay 1000/- per month, are we complying with Minimum wages act. Is it possible to employee on hourly basis, since this job is not on regular basis. If we employ on hourly basis what should be the rate per hour to comply with statutory requirements.?
Do u know of any consultant who can help me out?

Follow Query

Report Abuse