ESIC Registration
The process of registering an establishment or corporate organization under the Employees’ State Insurance Act, 1948, is known as ESIC registration.
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ESIC Registration
The process of registering an establishment or corporate organization under the Employees’ State Insurance Act, 1948, is known as ESIC registration. ESIC stands for Employees’ State Insurance Corporation. ESIC’s main goal is to offer social security and health insurance benefits to workers and their families in the event of illness, pregnancy, incapacity, or death from accidents at work.
Principal Elements of ESIC registration :-
- Required for Specific Employers:
Employers with more than a certain number of employees are required to register with ESIC. States in India may have different requirements for required registration.
- Coverage for Employees:
Coverage is available to all employees (including contract and temporary workers) who make less than a certain pay threshold after an establishment registers with the ESIC.
- Input from Employers:
– Employers must pay into the ESIC fund a portion of their employees’ salaries. The ESIC officials set the current contribution rates.
- The Contribution of Employees:
A tiny portion of employees’ pay is also contributed to the ESIC fund.
- Advantages Offered:
A variety of benefits, such as medical, sickness, maternity, disability, and dependant benefits are offered to covered employees by ESIC.
- Medical Establishments:
ESIC offers healthcare services via a network of clinics, hospitals, and dispensaries. Patients with health insurance and their dependents are eligible for free medical care.
- How to Register:
– The necessary information and documentation must be submitted to the ESIC authorities as part of the ESIC registration process. This could contain information on the company, its personnel, and other pertinent details.
- Specialized Employer Code:
– The employer receives a unique employer code upon successful registration; this code is required for all ESIC-related operations.
List of the Essential Paperwork needed for an ESIC Registration :-
Certificate of Business Registration:
This covers any pertinent business registration paperwork, such as the partnership deed for partnerships or the certificate of incorporation for corporations.
Articles of Association and Memorandum (for Companies):
The Memorandum and Articles of Association must be filed if the employer is a company.
The business’s PAN card:
The company’s Permanent Account Number (PAN).
List of Owners, Directors, and Partners:
Information about the directors, partners, or owner, like as names, contact details, and addresses.
List of Workers:
A list of employees along with their details, such as name, gender, date of birth, pay details, date of joining, etc.
Cancelled check or bank statement:
To enable the electronic transfer of ESIC contributions, a copy of the bank statement or a cancelled check is required.
Provide Evidence of the Business:
records attesting to the business’s address, such as utility bills, property tax receipts, or lease agreements.
Images:
passport-sized pictures of each employee and the employer.
For companies, the certificate of incorporation is:
A copy of the certificate of incorporation, if the employer is a company.
Records of Employee Attendance:
Documents pertaining to staff attendance.
Specifics of Pay and Salary:
details regarding the pay and salaries that employees receive.
Attorney Power of Attorney (if any):
A power of attorney can be necessary if the application is being submitted by someone other than the owner or a director.
It’s crucial to remember that each region may have different criteria, and this list is just broad in scope. To ensure accurate and current information for their particular circumstances, employers are urged to verify with the local ESIC office or consult with professionals versed with the local rules. Furthermore, a lot of ESIC registrations can now be completed online via the official ESIC website.