I need to know as to how many annual holidays are compulsory for a Pvt. Ltd. firm to allocate to its employees. Ihad searched for this question in this forum before posting a new questions, but the answer wasn't what I was looking for.
Someone told me that as per law, the Gazetted Holidays, National Holidays, etc. that need to be provided to an employee by the firm is 12 anually, exclusive of the Casual Leaves provided to the employee. Like, the Holi, Diwali, Dussehra, Christmas, Republic Day, Independence Day, etc. holidays given by a firm anually should add upto 12. Is this correct?
As per Law you must declare 07 (03 National & 04 Festival ) holidays. It is prescribed under the Industrial Employment (standing orders) act 1946 U/S 10 of Central Rules,
The No. of holidays vary state by so you must see your state Rules under the Act.
please let me know, if there is any provision in the Labour Law or Bombay Shops & Establisment Acts for granting compensatoty off to one who has worked on any of the national holiday or the holidays delared by the company.
I am not sure about 07 days compulsory holidays. As far as I understand, it is governed through national holidays and festivals Act and under this, only 3 holidays are compulsory i.e. 26th January (republic Day), 15th August (independence Day) and 02nd October (Gandhi Jayanti)
Every organisation usually allow 10 to 12 holidays in a year. Some of the organisation make it flexible by way of compulsory and optional holiday
Holidays to be declared for commercial establishemnts and factories is governed by a State Act generally called INDUSTRIAL ESTABLISHMENTS and FACTORIES (National, Festival and Other Holidays) Act prefixed with the name of concerned State. In some states Shops and Establishments Act also provides for declaration of paid holidays. In such case the specific Act of holidays prevails over the generic Shops and Establishment Act.
Please check the holidays Act of your State to find answers to your queries. Republic Day (26th Jan), Independence Day (15th August) and Gandhi Jayanthi (2nd October) are National Holidays and to be declared mandatorily. Same has been provided in the every State Act on hoildays. In some Staes like Andhra Pradesh, May Day (1st May) is also delred as National Holiday. In some other Staes like Karnataka, May Day(1st May) and State Formation Day (1st Nov) are to be declared as mandatory holidays.
Therefore, please check the holidyas Act in your State.