ESIC payment due date pre-poned to 15th of following month

TG Team 01 Jul 2017 71,634 Views 1 comment Print Corporate Law | Notifications, Notifications/Circulars

Now due date for payment of ESIC is not within 21 days of following month, but within 15 days of following month.Regulation 31 stands amended whereby the contribution in respect of any employee shall be paid within 15 days of the last day of the calender month in which the contributions fall due. This shall come into force with effect from the contribution payable for the month of June, 2017 i.e. by 15th July, 2017. Related Gazzate Notification dated 01/07/2017 is as follows :-

THE GAZETTE OF INDIA, JULY 1. 2017

EMPLOYEES’ STATE INSURANCE CORPORATION
New Delhi, the 01/07 /2017

No. N-12/13/1/2016-P&D—Whereas draft regulation further to amend the Employees’ State Insurance (General) Regulations, 1950 was published as required under sub-section ( I ) of section 97 of the Employees’ State Insurance Act, 1948 (34 of 1948), in the Gazette of India, Part-III – Section – 4, dated the 1 April, 2017 for inviting objections and suggestions from all persons likely to be affected thereby till the expiry of the period of Thirty days from the date on which this notification was published, are made available to the public:—

And whereas, the said Gazette were made available to the public on 01.04.2017;

And whereas, objections and suggestions received from persons likely to be affected thereby have been considered by the Employees’ State Insurance Corporation;

Now, therefore, in exercise of the powers conferred by Section 97 of the Employees’ State Insurance Act, 1948 (34 of 1948), the Employees’ State Insurance Corporation, hereby makes the following Regulations further to amend the Employees’ State Insurance (General) Regulations, 1950, namely;

1. This Regulation may be called Employees’ State Insurance (General) Amendment Regulation, 2017.

2. In Regulation 31, for the words within “21 days” as they Occur, the words within “15 days” shall be substituted.

3. They shall come into force with effect from the contribution payable for the month of June, 2017 i.e. by 15th July, 2017.

S. K. GARG

Insurance Commissioner (P&D)