Importance Of Workmen Compensation Act 1923

It ensure that their rights and value as labourers is maintained.

Importance of workmen compensation act 1923.

When the employer is not liable to pay compensation. Whereas it is expedient to provide for the payment by certain classes of employers to their workmen of. Earlier this act was known as the workmen compensation act 1923. The employee s compensation act 1923 as amended through ec amendment act 2017 preamble an act to provide for the payment by certain classes of employers to their employees of compensation for injury by accident.

It enables an employee and in case of death of an employee his dependents to get at the cost of his employer compensation for employment injury. It aims at providing financial protection to workmen and their dependants in case of accidental injury by means of payment of compensation by the employers. The objective of the workmen now employee compensation act 1923 as defined in the act is to provide for the payment of compensation by certain employers to their employees for injury caused to them by accident while in employment. The workmens compensation act 1923 is one of the important social security legislations.

An act to provide for the payment by certain classes of employers to their workmen of compensation for injury by accident. The basis of workmen s compensation act 1923 passed in march 1923 and was put into force on 1st july 1924 is that the state government cannot be a silent spectator to the suffering of the working class engaged in factories or establishments who are exposed to the various risks to their limbs and lives. Importance of workmen compensation for employee. Full text full text is available as a scanned copy of the original print version.

Nidhi shukla xiss 2. Likewise for all companies or manufacturing units with less than 20 employees it is important to ensure workmen s compensation insurance according to the workmen s compensation insurance act 1923 and indian fatal accidents act 1855. The employees compensation act 1923 is an act to provide payment in the form of compensation by the employers to the employees for any injuries they have suffered during an accident. The workman compensation act 1923 was formed to provide compensations for workers who acquired acquire injuries caused by accidents in the course of employment.

Preamble whereas it is expedient to provide for the payment by certain classes of.