Madras Stock Exchange comes under purview of ESI Act, Labour Court rules
The Hindu
The Labour Court noted that as per the rules of the Tamil Nadu government, if any establishment employs more than 20 persons, then it is amenable for coverage under ESI
The Employees Insurance Court (Principal Labour Court) has ruled that the Madras Stock Exchange Limited comes under the purview of Employees State Insurance (ESI) Act 1948, and their employees are amenable for coverage. In its petition, the Madras Stock Exchange sought to declare that it is not liable to be covered under the ESI Act. It also sought for a refund of about ₹4,05,380 along with interest at 18% per annum from the Employees State Insurance Corporation Limited (ESIC), which was collected in 2002.
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