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Esic applicability

satbeer (satbeer singh) (36 Points)

04 July 2013

My company deals in trading of electronics items and 15 persons are employed in our company having salary more than 15000.00 . are we covered under ESIC???? while our co, is purely Trading company..

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Rama chary Rachakonda (Master in Accounts & high court Advocate) (8722 Points)
Replied 06 July 2013

Under Section 2(12) the Act is applicable to non-seasonal factories employing 10 or more persons.

Under Section 1(5) of the Act, the Scheme has been extended to shops, hotels, restaurants, cinemas including preview theatres, road-motor transport undertakings and newspaper establishments employing 20* or more persons. The existing wage limit for coverage under the Act is Rs. 15,000/- per month ( w.e.f. 01/05/2010).