(Querist) 11 March 2008
This query is : Resolved
I am working with an company which has been in operation for last 10 years, however, they did not bother to get ESI code. Now they wish to get the ESI code, however, the directors of the company do not want any kind of liability, either due to default or any in future.
I would like to know that if the company nominates, a person as responsible for all activities related to ESI,will that dissolve the liability of directors in case of any amount recoverable.
In case, yes what kind of letter or agreement has to be issued by Directors.