ESIC REGISTRATION

Employee State Insurance Corporation is an autonomous body created by an act of Parliament under the Ministry of Labour and Employment, Government of India.
This scheme is for Indian workers who are provided with a huge variety of medical, monetary and other benefits from the employer. Any Company having more than 10 employees) who have a maximum salary of RS.21000 has to mandatorily register itself with the ESIC.
Further in the press conference held on 14.05.2020 finance minister has highlighted the following provisions of labor law code foe expansion of ESI coverage for benefit of workers:-

1. Extension of ESIC coverage pan- India to all districts and all establishments employing 10 or more employees as against those in notified districts/ area only.

2. Extension of ESIC coverage to employees working in establishment with less than 10 enployees on voluntary basis.

3. Mandatory ESIC coverage through notification by central government for employees in hardazous industries with less than 10 employees.

ESIC registration

As per the government notification under Sec 1(5) of the ESI Act the following entities are required to be registered with ESIC:

1. Shops
2. Restaurants or Hotels only engaged in sales.
3. Cinemas
4. Road Motor Transport Establishments
5. Newspaper establishments (which is not covered under the factory act)
6. Private Educational Institutions

RATE OF CONTRIBUTION

ESIC REGISTRATION

Employee State Insurance Corporation is an autonomous body created by an act of Parliament under the Ministry of Labour and Employment, Government of India.

Our Work Process

If you need further clarification regarding the process of our working, do watch this video. It is a step by step guide to understand how to apply for ESIC Registration. Employee State Insurance Corporation is an autonomous body created by an act of Parliament under the Ministry of Labour and Employment, Government of India.

This scheme is for Indian workers who are provided with a huge variety of medical, monetary and other benefits from the employer. Any Company having more than 10 employees) who have a maximum salary of RS.21000 has to mandatorily register itself with the ESIC. Further in the press conference held on 14.05.2020 finance minister has highlighted the following provisions of labor law code foe expansion of ESI coverage for benefit of workers:-

1. Extension of ESIC coverage pan- India to all districts and all establishments employing 10 or more employees as against those in notified districts/ area only.
2. Extension of ESIC coverage to employees working in establishment with less than 10 enployees on voluntary basis.
3. Mandatory ESIC coverage through notification by central government for employees in hardazous industries with less than 10 employees. Employees’ Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour & Employment, Government of India which has been established by an act of parliament, namely Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
The Employees’ Provident Fund and Miscellaneous Provisions Act 1952 applies to the Factories engaged in Industries specified in Schedule I of the Act or to other establishments notified and engaging 20 or more employees. All such eligible establishments are mandatorily required to abide by the rules and regulations of EPFO for remitting contribution in provident fund, pension fund and deposit linked insurance fund.

ADVANTAGES

For Employees

Protection against sickness

Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year

Medical Benefits

Medical benefits are given to the insured person & their family members (in some cases). These medical benefits are given in the form of patient treatment or attendance in the hospital or dispensary, clinic or other institution.

Pregnancy & Maternity Benefit

Maternity Benefit for confinement/pregnancy for Twenty Six weeks, which is extendable by further one month on medical advice at the rate of full wage.

After death benefits

If the death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death of the employee. Funeral expenses are also given to the family.

Disablement benefits

In case of disability of the employee for not less than 3 days shall be entitled to the benefits under this scheme.

For Employers:

Protection against uncertainties

The employer has to just make a contribution of 3.25% and in return the employer will get compensation for work related accident and disability.

Focus on core competence of the business

Since the protection against the work related accidents and disabilities are provided by the scheme. Employers can just focus on the betterment of their organization without worrying about uncertainties.

To discharge legal liability

Getting an ESI Registration for the industrial unit/ organization is the legal liability of the employer under the Section 2A of the ESI Act 1948, read with the Regulation 10-B of the same Act. The ESIC Registration has to be obtained within 10 days from the date of commencement of operations at the industrial unit/organization.

To cover risk

The most primary advantage of the ESIC registration is that you can cover the monetary risks of your employees along with their dependents that might occur owing to ill-health or their decease.

To save interest

As per the Act, if the contribution by the employer is not deposited within the stipulated time, then an interest of 12% p.a. is levied.

Choose Your Plan

BASIC

₹3999_+GST

EPF CODE
1ST MONTH CALL/EMAIL SUPPORT
1ST MONTH EMAIL SUPPORT OF ALL NOTIFICATIONS
DEDICATED EPF EXPERT FOR 1ST MONTH
CLASS 2 DIGITAL SIGNATURE (WITH 2 YEARS VALIDITY)
GET THIS PLAN @ ₹3999 PLUS GST

COMPOSITE

₹6999_+GST

EPF CODE
ESI CODE
1ST MONTH CALL/ EMAIL SUPPORT
1 ST MONTH EMAIL SUPPORT OF ALL NOTIFICATIONS
DEDICATED EPF EXPERT FOR 1ST MONTH
CLASS 2 DIGITAL SIGNATURE (WITH 2 YEARS VALIDITY)
GET THIS PLAN @ ₹6999 PLUS GST

MASTER

₹8999_+GST

EPF CODE
ESI CODE
3 MONTHS CALL/ EMAIL SUPPORT
3 MONTHS EMAIL SUPPORT OF ALL NOTIFICATIONS
DEDICATED EPF EXPERT FOR 3 MONTHS
1ST QUARTER CHALLAN PAYMENT SUPPORT
CLASS 2 DIGITAL SIGNATURE (WITH 2 YEARS VALIDITY)
GET THIS PLAN @ ₹8999 PLUS GST

FREQUENTLY ASKED QUESTIONS

Is it mandatory for the Employer to register under the scheme?

Yes, it is the statutory responsibility of the employer under Section 2A of the Act read with Regulation 10-B, to register their Factory/ Establishment under the ESI Act within 10 days from the date of its applicability to them.

What is the maximum duration for which EPF Registration will be valid? Do I need to renew it periodically?

ESIC registration is permanent; hence there is no need for renewal of registration.

What is the time limit for contribution?

Contribution shall be paid in respect of an employee in a bank duly authorized by the Corporation within 15 days of the last day of the calendar month in which the contribution falls due for any wage period.

What are the records to be maintained for ESI purpose?

For ESI compliance the employer has to maintain following records:
1. Muster roll, wage record and books of Account maintained under other laws.
2. Accident Register in new Form-11 and
3. An inspection book.
4. The immediate employer is also required to maintain the Employees’ Register for the employees deployed to the principal employer.

What am I supposed to do post registration?

After registration, you will be issued a 17-digit unique number. The employee who is registered under this scheme will provide you with the filled form and photographs of his own family members as a part of the process of registration and will get an ESI card after registration. Any change in the Company or its employees will be intimated to the ESIC

How many returns are filed every year after the registration is finalized?

After the registration, ESI Returns have to be filed twice a year. You can avail our return filing services for simplifications of all these tasks. The following documents are required for the filing of the returns:
1. Register of Attendance of the Employees
2. Form 6 – Register
3. Register of wages
4. Register of any accidents which have happened on the premises of the business
5. Monthly returns and challans

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ESIC Registration

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ESIC REGISTRATION

ESIC REGISTRATION