THE CODE ON SOCIAL SECURITY, 2020 – VOLUNTARY OPTING-IN AND OPTING-OUT OF EPF AND ESI FRAMEWORK
The Indian Parliament recently passed The Code on Social Security, 2020 (the Code) and it received the assent of the President on 29th September, 2020. The Code consolidates among other legislations, the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and the Employees’ State Insurance Act, 1948. The criteria for applicability of the said legislations are provided in Schedule 1 of the Code. As per the Schedule, the provisions relating to the Employees’ Provident Fund Scheme, as contained in the