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CS Professional · Labour Laws and Practice · Social Security Legislations

The Central Government sets up a Social Security Fund under the Code on Social Security, 2020 for unorganised, gig and platform workers. Which of the following is one of the sources specified for this Central Fund?

The Central Social Security Fund receives, among other sources, money from composition of offences under the Code relating to the Central Government. It is meant for unorganised, gig and platform workers, and other options such as State fees or ESIC dividends are not listed sources.

  1. AFees collected by State Governments from building contractors
  2. BFunding received from the composition of offences under the Code relating to the Central GovernmentCorrect
  3. CPenalties imposed on employees for late contribution
  4. DDividends earned by the Employees' State Insurance Corporation

Explanation

The Central Social Security Fund draws on funding under sub-section (3) of section 109, sub-section (3) of section 114, and composition of offences under the Code relating to the Central Government and from any other Social Security Fund under another central labour law. State building contractor fees, employee penalties and ESIC dividends are not listed sources.

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