IF A EMPLOYEE IS COVERED UNDER WORKMEN COMPENSATION ACT
1923 THEN ESI IS APPLICABLE ON HIM OR NOT?
Answers were Sorted based on User's Feedback
Answer / tejbhan. k bhagtani
YES,BUT WORKMEN CANNOT CLAIM COMPEMSATION UNDER BOTH ACT AS
SECTION 53 OF ESI ACT THERE IS BAR AGAINST RECEVING OR
RECOVERY OF COMPENSATION OR DAMAGES UNDER ANY OTHER LAW.
BOTH THE ACT PROVIDES FOR COMPENSATION TO A WORKMEN /
EMPLOYEE FOR ANY INJURY SUSTAINED DURING THE COURSE OF
EMPLOYMENT.
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / navin kapoor
I feel NO.Because there is no limitation of area of operation and applicability if employer take WC policy from any insurance company whereas in ESI you have two type of limitations...Firstly there are fewer hospitals of ESI not covering all the area where various establishments/factories are situated. Secondly there is a upper limit on employee rather worker's wages for becoming a ESI contributor and beneficiary.(It is 10000/-or 15000/- Rupees P.M.).
In certain cases like a contractor who do not have any premises and work at other establishment/factory premises should take WC policy of his own and as an alternate can use Principal employer's ESI sub code to cover contractor's workmen.
Fact of the matter is that there are numerous acts for single purposes and it is total chaos created by the bureaucrat/politicians.
| Is This Answer Correct ? | 3 Yes | 0 No |
I am trying to select a topic for Ph.D thesis. I am keen to study the Issue of shares at a premium both by listed companies, closely held public companies and privat companies and their impact on the Investors, the general public and the Government. A new company like Reliance power, yet to start the project, charged investors heavily in the name of premium. Also deuped the govt by avoiding payment of fees on authorised capital as otherwise for this amount the company would have been required to pay a good money to the govt. Similarly many companies are doing the same thing. Can you suggest a topic and method of study so that I can prepare the synopsis. Thanks
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