Companies Profits (Workers’ Participation) Act, 1968
The Companies Profits (Workers’ Participation) Act, 1968 (the “Act”) applies to all companies engaged in industrial undertaking in which the number of workers employed by the company, at any time during a year, is fifty (50) or more, or the paid up capital of the company as on the last day of its accounting year is Rs. 5.00 Million or more or the value of the fixed assets of the company as on the last day of the accounting year is Rs.20.00 Million or more.
