ESI Act Quiz
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Questions and Answers

Under what circumstances are contributions payable during winding up with another company?

  • When the company is being wound up voluntarily for reconstruction or amalgamation purposes (correct)
  • When the company is being wound up due to bankruptcy
  • When the company is facing legal disputes
  • When the company is merging with another company

    • Who is eligible to receive compensation under the Workmen's Compensation Act 1923?

  • Shareholders of the company
  • Creditors of the company
  • Directors of the company
  • Employees of the company (correct)

    • When can the amount payable under the Workmen's Compensation Act 1923 be transferred to another party?

  • When the company is merging with another company
  • When the company has a contract with an insurer (correct)
  • When the company is expanding its operations
  • When the company is facing financial losses

    • What is the purpose of the Workmen's Compensation Act 1923?

    <p>To provide compensation for work-related injuries or death</p> Signup and view all the answers

    What is the relevance of the twelve months immediately before the commencement of winding up?

    <p>Determining the amount due to employees under the Workmen's Compensation Act 1923</p> Signup and view all the answers

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