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

An officer of ESIC asks who operates the bank account styled the account of the Employees' State Insurance Fund. Under the Code on Social Security, 2020, the account is operated by:

The account of the Employees' State Insurance Fund is operated by officers authorised by the Standing Committee, with the approval of the Corporation. Neither employers nor the unorganised workers' Boards operate it.

  1. AOfficers authorised by the Standing Committee with the approval of the CorporationCorrect
  2. BAny employer registered under the Code
  3. CThe State Unorganised Workers' Board
  4. DOfficers appointed by the National Social Security Board

Explanation

Section 25(4) provides that the account is operated by officers authorised by the Standing Committee with the Corporation's approval. The Boards for unorganised workers have no role in operating this account.

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