Draft of the Social Security (Employee's Compensation)(Central) Rules, 2021
The Ministry of Labour and Employment has notified the draft rules related to Employee’s Compensation under the Code on Social Security. Any objections and suggestions are required to be submitted within a period of 45 days from the date of notification.
The draft rules supersede:
Employee’s Compensation Rules, 1924
Employee’s Compensation (Transfer of Money) Rules, 1935; and
Employee’s Compensation (Venue of Proceedings) Rules, 1996
The Draft Rules covers the aspects relating to interest rates applicable in case of delays in compensation settlements, manner of notice, transmitting money, process for claims and settlement.
The Code on Security Code (Code) supersede the Employee’s Compensation Act and cover the relating provisions under the Chapter VII under the Code.
The Employee’s Compensation provisions covers the aspects of employer compensating the employee in case of fatal accidents, bodily injuries, partial or full disablement, occupational diseases, etc.
Section 142 of the Social Security Code comes into effect from 03 May 2021
03 May, 2021
The Central Government appoints 03 May 2021 as the date on which the provisions of section 142 of the Code on Social Security, 2020 come into force.
Section 142 of the Code on Social Security (CoSS) provides for identifying an employee or a worker from unorganized sectors through Aadhar number so that they can seek certain benefits and avail the services under the CoSS.