Under section 29 of the Employees' State Insurance Act, 1948 Employees' State Insurance Corporation is empowered to: (i) acquire and hold property, both movable and immovable (ii) invest any money and reinvest or realise

CS Executive · Industrial, Labour & General Laws · PYQS · December 2014
Under section 29 of the Employees' State Insurance Act, 1948 Employees' State Insurance Corporation is empowered to: (i) acquire and hold property, both movable and immovable (ii) invest any money and reinvest or realise such investment (iii) raise loans and discharge loans Select the correct answer from the options given below
(A) (i) only
(B) (i) and (ii) only
(C) (ii) and (iii) only
(D) (i), (ii) and (iii).

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) (i), (ii) and (iii).. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Employees' State Insurance Act, 1948

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