Employees' State Insurance Act, 1948 · Chapter III: Finance and Audit
Section 37: Valuation of assets and liabilities
The Employees' State Insurance Act, 1948 was repealed and replaced by the Code on Social Security, 2020 from 21 November 2025. It still applies to matters and proceedings from before that date, as the repealing law provides.
The Corporation shall, at intervals of [three years], have a valuation of its assets and liabilities made by a valuer appointed with the approval of the Central Government:
Provided that it shall be open to the Central Government to direct a valuation to be made at such other times as it may consider necessary.
Source: India Code (Legislative Department), the text of the Act as it stood before its repeal. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 37
No Supreme Court judgment in our database cites this section yet.