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The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The legal system in Sri Lanka comprises collections of codified and uncodified forms of law, of many origins subordinate to the Constitution of Sri Lanka which is the highest law of the island. Its legal framework is a mixture of legal systems of Roman-Dutch law , English law , Kandian law , Thesavalamai and Muslim law .
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka.It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
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The Sri Lanka Bureau of Foreign Employment (SLBFE) is a government agency of Sri Lanka, tasked with overseeing overseas employment of Sri Lankan Citizens and their welfare. It was established in 1985, under the provisions of the Sri Lanka Bureau of Foreign Employment Act. No. 21 of 1985 from which it derives its remit and powers. [1]
To practice law in Sri Lanka one must be admitted and enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka. This is achieved by passing law exams at the Sri Lanka Law College which are administered by the Council of Legal Education and spending a period of six months under a practicing attorney of at least eight years standing as an ...
The employees were treated abominably: one owner allegedly tied a bus conductor to a tree and spanked the poor man for failing to bring in the targeted collection for the day. [citation needed] Trade union work was an uphill task and members of the Lanka Sama Samaja Party (LSSP) had to proceed in secret, disguising themselves to avoid company ...
Sri Lankan law also mandates that employers contribute 3% of an employee's salary to a trust fund, which the employee receives after he or she leaves the company. [ 19 ] Among the largest firms in the Sri Lanka apparel industry, employing about 100,000 people, [ 20 ] is MAS Holdings , which is a supplier to Gap, Marks and Spencer, Nike and ...