LEGAL ASPECTS OF BUSINESS AND

IPR

Discover the key changes in the labor landscape with the introduction of the Indian
Labor Code 2023. Explore the consolidation of 29 existing labor laws into 4 codes
and the impact on employers and employees.

Dr. Poonam Verma

Chapter 1: Introduction to Labour
Code
For ensuring workers right to minimum wages, the Central Government has integrated the
following:-

 WAGE CODE - 4 Laws

 SOCIAL SECURITY CODE – 9 Laws

 OCCUPATIONAL SAFETY, HEALTH AND WORKING CONDITIONS CODE – 13 Laws

 INDUSTRIAL RELATIONS CODE – 3 Laws

Code on Wages
Objectives and provisions

Understand the objectives and provisions of the Code on Wages, which aims to promote fair and
transparent wage policies.

Minimum wage revisions

Learn about the revisions made to minimum wage regulations to ensure better livelihoods for
workers.

Wage payment and enforcement

Explore the mechanisms put in place to ensure the timely payment of wages and effective
enforcement of wage-related regulations.
Code on Industrial Relations
1 Trade unions and collective bargaining

Discover the role of trade unions and the changes in collective bargaining processes,
empowering employees to negotiate better terms and conditions.

2 Dispute resolution mechanisms

Explore the new dispute resolution mechanisms introduced to address conflicts between
employers and employees more efficiently.

3 Changes in strikes and lockouts regulations

Learn about the revised regulations governing strikes and lockouts, ensuring a balanced
approach between the interests of the workforce and employers.
Code on Occupational Safety, Health, and
Working Conditions

Ensuring workplace safety Working conditions and Role of employers and

and well-being welfare measures employees

Discover the measures implemented
to guarantee a safe and healthy
working environment for all
employees, enhancing productivity
and reducing accidents.
Explore the regulations governing
working conditions and the
implementation of welfare measures
to support employee well-being.
Understand the shared responsibility
of employers and employees to
maintain a conducive work
environment and prioritize safety
and health.
Code on Social Security
Coverage and benefits

Learn about the expanded coverage and benefits provided under the Code on Social Security to
promote financial security for all workers.

Provident fund and pension schemes

Explore the improved provident fund and pension schemes introduced to safeguard employees' future
financial stability.

Maternity and gratuity provisions

Discover the enhanced maternity provisions and gratuity benefits aimed at providing support during
important life phases.
Conclusion
1 Implications and challenges of Indian 2 Call to action for employers and
Labor Code 2023 employees

Reflect on the implications and potential Engage employers and employees to embrace the
challenges that may arise during the new labor code, foster collaboration, and strive
implementation of the Indian Labor Code 2023. for a productive and harmonious work
environment.