Anshul Prakash is Partner, Employment, labor and Benefits practice at Khaitan & Co.
Anshul specializes in labor and employment laws and leads the firm’s employment, labor and Benefits practice. Anshul has advised various prominent domestic and international clients on issues related to employment in respect on labor compliance, transfer and relocation of employees pursuant to business transfer and asset sale and purchase, social security and employee benefits, drafting of human resource and personnel policy, hiring and termination of managerial and supervisory personnel, workers and labor union issues , domestic enquiries, industrial safety and health policies, government inspections and related documentation. He has done his BA, LLB(Honours) from National university of Juridical sciences ( NUJS), Kolkata(2005).
The absence of a clear definition as to the term causes complications in calculating payments to employees, and what sort of payments would be considered as bonus, and what would be outside its purview.
From the early nineties, salary caps and limits on perquisites for managers stipulated under the Companies Act, 1956 were progressively increased and eventually virtually eliminated, providing companies autonomy in this regard.