ESIC can’t recover claims from Shriram Chits on incentives paid to staff, says Labour Court
The Hindu
The Employees Insurance Court (Principal Labour Court) has ruled that the incentives paid by Shriram Chits Tamilnadu Private Limited to its staff, do not fall within the meaning of definition of “wage
The Employees Insurance Court (Principal Labour Court) has ruled that the incentives paid by Shriram Chits Tamilnadu Private Limited to its staff, do not fall within the meaning of definition of “wages” as per the Employees’ State Insurance Act. It also granted a permanent injunction restraining the Employees’ State Insurance Corporation (ESIC) Limited from claiming any amount towards contribution from the company in respect to the incentives paid to staff.
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