The Act has been constituted for financing of activities to promote welfare in the respective states.

The Act is applicable to all the companies that have 5 or more persons employed.

Includes all employee, including employee through contractor, except those working in the managerial or supervisory position and drawing wages more than Rs. 3,500/- per month.

For the month of June & December on or before 15th July or 15th January respectively and the contribution needs to be deposited with the "Welfare Fund Commissioner" in Form A-1.

Any dues payable to any employee remains unpaid for more than 3 years has to be deposited to Maharashtra Labour Welfare Board with in such time as prescribed under the Act.

"Unpaid Accumulations-All Payments Due to the employees but not made to them within a period of 3 years from the date on which they became due including unpaid Wages, Gratuity, Bonus."