14/08/2026
Central Government vide gazetted notification dated 27.11.2025 notified The Social Security Code 2020 and after almost 5 months, Central Goverment notified The Social Security (Central) Rules 2026 on 08.05.2026 making it applicable to all Indian UK, US, European, Japanese, Chinese Multinational Companies Operating in following Locationf of India and falls under preview of Central Government as Appropriate Government.
(1) Union Territories (i.e. Delhi, Chandigarh, Jammu and Kashmir and other UT's)
(2) Multiple States
The burning question is now the law come into force whether our systems, registers, and processes are complied with new provisions of Social Security Code 2020.
The following are major mandatory requirements under the Social Security Code for above mentioned Indian and Multinational Companies are as under :-
1. Restructuring of Companies current Qualifying Salaries for computation of Gratuity, Leave Encashment, PF, ESI, Bonus etc to Wages as per provisions of Section 2 (88) of the Social Security Code, 2020.
2. Impact Analysis of Wages on Actuarial Valuation Liabilities of Gratuity and Leave Encashment under the Social Security Code, 2020.
3. Setup of Irrevocable Trust for establishment of Approved Gratuity Fund as per Provisions of Section 57(3) for Registration of Establishment under the Social Security Code, 2020.
4. Maintainance of Nomination Form of all Employees.
In case of any query or clarification on the above subject, you may contact us at 9211637063, 011-45261651 or email your requirement at [email protected].
