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CS Executive · Setting Up of Business, Industrial and Labour Laws · The Code on Social Security, 2020

A State Government under the Code sets up a Social Security Fund for unorganised workers. Which is a stated source for credit to this State fund?

The State Social Security Fund is credited with amounts received from composition of offences under the Code relating to the State Government, plus other sources the State Government prescribes. Aggregator contributions flow to the Central fund instead, so they are not a stated source for the State fund.

  1. AAmounts received from composition of offences under the Code relating to the State GovernmentCorrect
  2. BContributions made by aggregators under the Central Government's fund
  3. CBudget grants of the Union Government only
  4. DPenalties collected by the National Social Security Board

Explanation

Section 141(5) says the State fund is credited with amounts from composition of offences relating to the State Government and from other sources prescribed by the State Government. Aggregator contributions go to the Central fund, so they are wrong here.

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