Section 29 of ESI Act : Section 29: Holding Of Property, Etc

ESI Act

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a scenario where the Employees' State Insurance Corporation (ESIC) needs to expand its office space to accommodate an increasing number of employees. Under Section 29(1) of The Employees State Insurance Act, 1948, ESIC can legally acquire a new building to serve as additional office space. They can purchase this property, ensuring that the transaction conforms to the conditions set by the Central Government.

Furthermore, suppose ESIC has excess funds that are not needed for immediate expenses. According to ...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link