B Com Exam  >  B Com Videos  >  Industrial Laws  >  Employer liability for compensation - Employees Compensation Act(1923), Industrial Laws

Employer liability for compensation - Employees Compensation Act(1923), Industrial Laws Video Lecture | Industrial Laws - B Com

54 videos|46 docs|18 tests

FAQs on Employer liability for compensation - Employees Compensation Act(1923), Industrial Laws Video Lecture - Industrial Laws - B Com

1. What is the Employees Compensation Act (1923) and what does it cover?
Ans. The Employees Compensation Act (1923) is a legislation in India that provides for the payment of compensation to employees and their dependents in case of injury or death arising out of and in the course of employment. It covers both temporary and permanent disabilities caused by accidents or occupational diseases.
2. What is employer liability for compensation under the Employees Compensation Act?
Ans. According to the Employees Compensation Act, the employer has a liability to pay compensation to the employee or their dependents in case of injury, disability, or death during the course of employment. The employer is responsible for providing financial support to cover medical expenses, loss of wages, and other related costs.
3. How is compensation calculated under the Employees Compensation Act?
Ans. The compensation amount under the Employees Compensation Act is calculated based on the nature of the injury, disability, or death, and the employee's monthly wages. The Act provides for a schedule of compensation which outlines specific amounts for different types of injuries or disabilities. In case of death, the Act provides for a lump sum amount as compensation.
4. Can an employer be exempted from liability for compensation under the Employees Compensation Act?
Ans. In certain circumstances, an employer may be exempted from liability for compensation under the Employees Compensation Act. For example, if the injury or death is caused by the employee's willful misconduct, the employer may not be liable. However, it is important to consult the Act and seek legal advice to determine the specific circumstances under which an employer can be exempted from liability.
5. What are the consequences for an employer who fails to comply with the Employees Compensation Act?
Ans. Failure to comply with the provisions of the Employees Compensation Act can result in legal consequences for the employer. The Act empowers the authorities to impose penalties, fines, and even imprisonment for non-compliance. Additionally, the employer may be required to pay the compensation amount along with interest and legal costs. It is therefore essential for employers to ensure compliance with the Act to avoid such consequences.
54 videos|46 docs|18 tests
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Extra Questions

,

Industrial Laws Video Lecture | Industrial Laws - B Com

,

MCQs

,

study material

,

shortcuts and tricks

,

pdf

,

Summary

,

Free

,

Important questions

,

ppt

,

Sample Paper

,

Employer liability for compensation - Employees Compensation Act(1923)

,

Semester Notes

,

Previous Year Questions with Solutions

,

Industrial Laws Video Lecture | Industrial Laws - B Com

,

Objective type Questions

,

Employer liability for compensation - Employees Compensation Act(1923)

,

Viva Questions

,

Employer liability for compensation - Employees Compensation Act(1923)

,

Exam

,

mock tests for examination

,

Industrial Laws Video Lecture | Industrial Laws - B Com

,

video lectures

,

practice quizzes

,

past year papers

;