Thus the maximum contribution is capped at Rs 75/. Employee is not required to make any contribution to the Fund. Contribution and Administration ChargesĮmployer has to contribute 0.5% of the monthly Basic and Dearness Allowance of an employee to the Insurance Fund. Employee CoverageĮvery Employee, including the ones employed through a contractor, who is in receipt of wages/salary up to Rs 15,000 per month shall be mandatorily covered under the Scheme.Įmployees’ earning in excess of Rs 15,000/- pm may also be covered under the scheme. The Scheme is administered by the Central Board constituted as per the provisions under the Act. guiding the estate of a deceased individual in relation to a series of claims by the purchaser of the deceased’s shares in his company under the tax warranties and a further claim in relation to alleged breaches of fiduciary duties valued over £1.6m.The Act is extended to all the Subscribers covered under the Employees Provident Fund Scheme,1952.
providing advice to a client who had suffered a catastrophic flood at its premises in relation to a dispute with its insurers as to the extent of coverage and.supporting the sellers of a business in relation to a threatened breach of warranty claim worth in excess of £1m.dealing with an unfavourable story posted on a national newspaper’s website to include obtaining agreement to amend the article within hours of our instruction and publishing a more positive story the following day.Recent examples of how Michael has supported clients include: With experience of high value and complex litigation and cross-border disputes, his work includes contractual disputes, warranty claims, unfair prejudice, disputes relating to the sale and supply of goods and services, restrictive covenants, misuse of confidential information and contested probate claims relating to wills and estates.Ĭlients range from high net worth individuals and sports clubs to large corporates and Plcs across a range of sectors including healthcare, manufacturing and sport. Specialising in advising how best to avoid disputes and resolve them in the most commercial way, he represents corporate institutions and individuals across a number of jurisdictions. Michael is a Partner in the Dispute Resolution team.
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