ESI Registration
₹ 5000/- (inclusive all)
- Seeking Data from applicant and reviewing it
- Resolving Queries related to documents
- Filling the form for registration
- Seeking confirmation from client for submission of the form
- Making applications for registration under ESIC
What is ESI ?
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India. This scheme is started by Indian workers. The workers are provided with a huge variety of medical, monetary, and other benefits from the employer. Any Company having more than 10 employees (in some states it is 20 employees) who have a maximum salary of Rs. 15000/- has to mandatorily register itself with the ESIC.
Advantages of ESI Registration
Documents Requirements
PAN card of the business establishment
Registration certificate as obtained under – Factories Act and Shops and Establishment Act
Certificate of registration in case of a company and LLP and partnership deed for a Partnership firm
MOA and AOA of the company
LLP Agreement in case of an LLP
Attendance register of the employees
- Scanned copy of the Property Tax bill
A cancelled cheque of the bank account of the company
Digital signature of the Proprietor, Partner or Director as the case may be
A cancelled cheque of the bank account of the company
List of Directors of the company
List of Shareholders (as on date) in the company
Address proof of the Proprietor, Partner or the Company’s Directors as the case may be
- Mobile number and email id of Proprietor, Partner or the Company’s Directors as the case may be.
List of all employees working in the establishment along with employee details such as :
- Full Name,
- father’s name,
- Mobile Number,
- Date of Birth,
- Date of joining,
- Salary,
- Postal Address,
- Name of the Nominee,
- Grade,
- Identity proof such as PAN or Aadhar Card,
- Bank Account Number etc.
Procedure
Frequently Asked Questions
This scheme is specially designed by the government to provide full medical and financial assistance to the employee who is registered under the ESI Act. This scheme helps the employee to get compensation of the loss of his/her wage during his/her absence from work due to sickness, health issue, maternity, or employment inquiry. The benefits listed in the scheme extends to insured person’s family members also.
The scheme is primarily designed out of contribution made by employer & employee every month at a fixed percentage of the salary paid. Under this scheme, State Government also contributes 1/8th Share of the total cost of the Medical Assistance.
No, the scheme will remain enforced till he continues to be part of the same organization irrespective of the fact that he/ she is earning more salary than 21000/- per month.
To verify the details of the employee, the ESI Scheme issues a Unique Identification number to each employee or worker which is called as Insurance number and the same can be used for all operational purposes.
The universal rule to be qualified for ESI (Employees’ State Insurance) registration is to have 10 or more employees/workers. However, in few states and regions, ESI is applicable only if there are more than 20 employees.
Once the company/entity falls under the eligibility criteria, the registration needs to be taken within 15 days from the date it become eligible. This is the statutory responsibility of the shop/establishment or an entity.
There are few documents which an entity registered under ESIC Scheme needs to maintain regularly for filing ESI returns. They are as under:
1. Attendance register
2. Form 6
3. Register of wages
4. Register of any accidents on the premises
5. Inspection book
6. Monthly challans and returns submitted for ESI
a) Employer’s contribution: A sum equal to 4.75% of the wages payable to an employee, rounded off to the next higher rupee
b) Employee’s contribution: A sum equal to 1.75% of the wages payable to an employee, rounded to the next higher rupee;
In compliance with the Notification published in the Gazette of India dated 6.10.2016, the rates of employer’s and employee contribution for the initial twenty-four months from the date of implementation of the Act are subject to the following:-
(a) Employer’s contribution – A sum (rounded to the next higher rupee) equal to 3% of the wages payable to an employee; and
(b) Employee’s contribution – A sum (rounded to the next higher rupee) equal to 1% of the wages payable to an employee.
Every entity covered under this scheme needs to comply with mandatory filing such as regular deposit of monthly contribution to file half-yearly returns and report to ESIC authority for any changes or amendment made in business activity, address, ownership and management, etc.
In respect of an employee the contribution shall be paid in a properly registered bank of the Company, within 21 days of the last day of the calendar month in which the contribution is due for any period of wage (Reg. 29 & 31).
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