CMA Intermediate · Business Laws and Ethics · Employees State Insurance Act, 1948
Which statement is correct about the status of ESI Act, 1948 benefits under section 164 of the Code on Social Security, 2020?
The ESI Act, 1948 is repealed by section 164 of the Code on Social Security, 2020, but any benefit provided under it is deemed provided under the corresponding provisions of the Code. Benefits are therefore saved, not cancelled, and the Act does not continue alongside the Code.
- AThe Act is repealed, but any benefit given under it is deemed given under the corresponding provisions of the CodeCorrect
- BThe Act is repealed and all benefits given under it stand cancelled
- CThe Act continues in full force alongside the Code
- DOnly the cash benefits are repealed; the medical benefit stays under the Act
Explanation
Section 164(1) repeals the ESI Act, 1948. Section 164(2)(a) saves anything done and any benefit provided under it, deeming it done or provided under the corresponding provisions of the Code, so benefits are not cancelled. No split between cash and medical benefit is made.
Did you get it right without looking?
One question tells you little. A timed set on Employees State Insurance Act, 1948 shows your real accuracy, how long you take and where you lose marks.
More Employees State Insurance Act, 1948 questions
- A member of the Employees' State Insurance Corporation's term of office has expired, but no successor has yet been appointed. Under the Code…
- Under the Employees' State Insurance Act, 1948, the account of the Employees' State Insurance Fund is operated on by which of the following?
- Under the Code on Social Security, 2020, which statement correctly describes the legal status of the Employees' State Insurance Corporation?
- Under the Employees' State Insurance Act, 1948, the ESI Corporation receives a donation from a private trust for the purposes of the Act. Wh…
- Under the Code on Social Security, 2020, the Corporation includes representatives of employers, employees and medical profession. Which comb…
- Under the ESI Act, 1948, which of the following is the correct description of the benefit-related Chapter VA "Scheme for Other Beneficiaries…