Ishika (ca final) (250 Points)
03 November 2014Hi friends,
a company providing support services having more than 20 employees in the previous year and out of them 4 employees are drawing a salary of less than 15000 p.m., The company has an policy of Medical insurance of Employees as similar to ESI.
I want to know whether the ESIC scheme applicable to this company, Please support your answer with reference to the act. The company has the registered office in New Delhi.
Sahil Arora
(Student)
(190 Points)
Replied 03 November 2014
Under Section 2(12) the Act is applicable to non-seasonal factories employing 10 or more persons.
Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatres, road-motor transport undertakings and newspaper establishments employing 20* or more persons.
Further under section 1(5) of the Act, the Scheme has been extended to Private Medical and Educational institutions employing 20* or more persons in certain States/UTs.
*Note: 14 State Govts. / UTs have reduced the threshold limit for coverage of shops and other establishments from 20 to 10 or more persons. Remaining State Governments/UTs are in the process of reducing the same.
The existing wage limit for coverage under the Act is Rs. 15,000/- per month ( w.e.f. 01/05/2010).
Ishika
(ca final)
(250 Points)
Replied 04 November 2014
My question is whether this act applicable to This company or not ??
CAclubindia
