CMA Intermediate · Business Laws and Ethics · Payment of Gratuity Act, 1972
The Social Security Fund under Section 141 of the Code on Social Security, 2020 established by the Central Government is intended for the social security and welfare of which group?
The Central Government's Social Security Fund under Section 141 is for the social security and welfare of unorganised workers, gig workers and platform workers. It is not meant only for factory employees, retirees entitled to gratuity, or defaulting employers.
- AAll employees in factories drawing wages up to a fixed limit
- BOnly retired employees entitled to gratuity
- CUnorganised workers, gig workers and platform workersCorrect
- DOnly employers who have defaulted in dues under the Code
Explanation
Section 141(1) establishes the Central fund for the social security and welfare of unorganised workers, gig workers and platform workers. It is not limited to factory employees, retirees or defaulting employers.
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