NEW AMNESTY SCHEME APPROVED BY ESIC

The Employees State Insurance Corporation (ESIC) has approved a fresh amnesty scheme for withdrawal of cases against the defaulting employers and employees. The new scheme will come into force from January 1, 2008 and will remain effective for the full year. The scheme will lead to withdrawal of prosecution cases filed by the corporation in the Ist class judicial Magistrate Courts
for non-payment of dues subject to payment including statutory interest.