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Importance of workmen compensation act 1923.
Whereas it is expedient to provide for the payment by certain classes of employers to their workmen of.
The workmens compensation act 1923 is one of the important social security legislations.
Earlier this act was known as the workmen compensation act 1923.
Importance of workmen compensation for employee.
Saturday may 12 2012 assabt jamada el thaniah 21 1433 sanivara vaisakha 22 1934 at 10 22 13 pm the workmen s compensation act 1923.
Nidhi shukla xiss 2.
When the employer is not liable to pay compensation.
It ensure that their rights and value as labourers is maintained.
The employees compensation act 1923 is an act to provide payment in the form of compensation by the employers to the employees for any injuries they have suffered during an accident.
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The workman compensation act 1923 was formed to provide compensations for workers who acquired acquire injuries caused by accidents in the course of employment.
It aims at providing financial protection to workmen and their dependants in case of accidental injury by means of payment of compensation by the employers.
The employee s compensation act 1923 as amended through ec amendment act 2017 preamble an act to provide for the payment by certain classes of employers to their employees of compensation for injury by accident.
Likewise for all companies or manufacturing units with less than 20 employees it is important to ensure workmen s compensation insurance according to the workmen s compensation insurance act 1923 and indian fatal accidents act 1855.
The employees compensation act 1923 is an old but an important enactment as it introduced a kind of social security scheme for the employees of this country.
It enables an employee and in case of death of an employee his dependents to get at the cost of his employer compensation for employment injury.
The basis of workmen s compensation act 1923 passed in march 1923 and was put into force on 1st july 1924 is that the state government cannot be a silent spectator to the suffering of the working class engaged in factories or establishments who are exposed to the various risks to their limbs and lives.
