ESI REGISTRATION

ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India. But most of the dispensaries and hospitals are run by concerned state governments.

Employee's State Insurance Corporation (ESI) is a self-financing social security and health insurance scheme for Indian workers. The scheme provides Employees with a comprehensive Social Security Scheme for protecting the employees during sickness, injury or disability.

Employee's State Insurance Corporation(ESI) is a self-ESI provides employees registered the scheme with a host of medical and sickness benefits. Employees registered under the scheme can avail medical facilities and are also entitled for sick pay benefits

ESI Registration for Employers having more than 10 employees. The Employer must contribute 4.75% of the Employees wages towards ESI. Once, registered the organization is allotted a 17 digit unique identification code.

ESI contributions must be made by the employer for all employees having a salary of less than Rs.15, 000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESI.

Organizations under ESI coverage must file annual return showing the changes if any during the preceding year. Return of contributions enclosing copy of all ESI contributions paid must be submitted once every six months.

ESI Contributions must be paid by the employer in to a bank authorized by the Corporation within 21 days of the last day of the calendar month in which the contribution is due.

EPF REGISTRATION

Registration is mandatory for companies/organisations which employ more than 20 individuals, including contractual and permanent employees. Smaller organizations which do not have the minimum strength can voluntarily register themselves. Documents required

Employers are expected to furnish certain documents as proof in order to successfully register, a list of which are mentioned below.

  1. Copy of partnership deed if the company is a registered partnership firm
  2. A copy of the Certificate of incorporation for a Public or Private Limited Company. This should be issued by the Registrar of Companies
  3. Societies should furnish a copy of their registration certificate
  4. Public and Private Limited Companies need to submit a copy of memorandum and Articles of Association
  5. Societies should furnish a copy of the rules and objects of the society
  6. All legal documents which might be required under the Income Tax Act
  7. PAN details of company
  8. Partition deed
  9. Proof of incorporation – first sales invoice/ license issued by competent authorities
  10. Salary details of employees
  11. Balance sheet details