Compensation To Employee Murdered Within Premises

Hello,
I work in a PSU. Recently, one of our Co.'s regular security guard was shot dead by a contractual employee in the office premises at his work place during the course of duty. Is the employer liable to pay compensation under the Employees Compensation Act ?

Yes but better you could have provided more details about the incident. Whatever the motive behind the murder so as to determine whether it was a premeditated one obviously because of some personal reasons or otherwise, your cryptic narration reveals certainly that both the victim and the perpetrator were the employees of the Company and the incident took place within the premises of the Company while the victim was on duty as a security guard. Whether the contract employee committed the offence in a bit of rage as a sequel to any altercation between the two for any reason, in so for as the security guard was concerned it was an accident arising out of and in the course of his employment. The employer is, therefore, liable to pay compensation under the Employees Compensation Act,1923.

""one of our Co.'s regular security guard was shot dead by a contractual employee in the office premises at his work place during the course of duty""
Plain reading of chapter II,Employees Compensation Act makes one understand when compensation is to e paid by employer
Injury has to be suffered-here death has happened
in course of employment: here deceased was on guard duty
Liability clearly falls on employer to pay necessary compensation to next of kin(NOK).