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Powers & Duties of the ESI Corporation (ESIC)

Powers & Duties of the Employees State Insurance Corporation (ESIC) 

  • ESIC = Employee State Insurance Corporation 

Answer :- 

Powers :- 

  • Promote & Improve the Health & Welfare of the Insured. 
  • May Acquire Property For the Enhancement of Services. 
  • Investment Authority of Fund. 
  • Any Other Provision they Can Make For the betterment of Insured Persons. 

Duties :- 

  • Frame & Publish Budget Every year. 
  • Record the Entire Correct Accounts of the Corporation.
  • Audit by CAG (Comptroller & Auditor General of India. 
  • Investment Authority of Fund. 
  • Valuation of the Property & Evaluation of the Services. 
  • Regular Payment & Medical Facilities to Insured Persons. 

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