ESI Registration is the process of getting signed up for the ESI scheme of ESIC. ESIC stands for Employees’ State Insurance Corporation, which is part of the Government of India’s Ministry of Labor and Employment. Employees of any company with 10 or more workers who sign up for this ESI scheme will be able to get a wide range of medical, financial, and other benefits. Such facilities are very nice and help improve and boost employees’ health, morale, performance, and
ability to stay with the company and move forward.
Employees State Insurance Corporation, or ESIC, is a legal corporation set up by the ESIC Act of 1948. It protects workers financially in case they get sick, have a baby, become disabled, get an occupational disease, or die because of an accident at work. The ESI Act covers all of the healthrelated risks that workers face every day. It gives workers a safety net when it comes to their money.
The Employees’ State Insurance Act of 1948 was passed by the government as a social insurance-based integrated need. ESIC stands for Employee State Insurance Corporation. It is an independent organization set up by India’s Ministry of Labor and Employment to run and control Employee State Insurance. Employee State Insurance is a self-financing social security programme that was started for the benefit of Indian workers. It gives them access to medical care, money, and other benefits from their employers.
This plan was made for workers from India. The employer gives the workers a wide range of health care, financial, and other benefits. Any factory or company that is open year-round and has more than 10 (or 20 in some states) employees with a maximum salary of Rs. 21,000/- has to register with the ESIC.
Maternity benefits are given for three months after a baby is born or a woman gives birth. If a doctor says so, the benefit can be extended for another month at the rate of the woman’s full wage, as long as she worked for at least 70 days in the year before.
All people who are signed up for ESI and their family members get full medical care as soon as they start working in a job that is covered by ESI. There is no limit on how much an Insured Person or a member of his family can spend on health care. Medical care is also given to insured people who are retired or permanently disabled, as long as they pay an annual premium of Rs.120/-.
Sickness benefits are paid to insured workers in the form of cash at a rate of 70% of their wages for up to 91 days per year when they are sick and have a doctor’s note. For a worker to be eligible for sickness benefits, he or she must have paid into the system for 78 days over a period of 6 months. Workers with cancer or diseases that last for a long time can get 80 percent of their wages in sickness benefits for up to two years. Also, people who are insured and get sterilised for 7 days or 14 days, depending on whether they are a man or a woman, are paid a higher sick benefit equal to their full wage.
Even if you haven’t paid any contributions, if you start a job that is covered by insurance, you will get 90 percent of your pay for as long as you are temporarily disabled. Permanent disability benefit is paid out as a monthly payment of 90% of the person’s salary if they are permanently disabled. This is based on how much they can no longer work, as determined by a Medical Board.
Dependent benefit is a monthly payment equal to 90% of the insured person’s wage. It is given to the person’s dependents when the insured person dies because of an injury or hazard at work.
From the first day of work that qualifies for insurance, Rs.10,000 is paid to the person’s dependents or to the person who performs the last rites.
Under the Rajiv Gandhi Shramik Kalyan Yojana, a person who has been insured for three or more years and then loses their job due to the closing of a factory or business, being laid off, or being permanently unable to work is given an unemployment allowance.
Pan copy of company/partnership/business
Copy of the Incorporation Certificate / Registration Certificate
Bank Statement Copy
Copies of all licences issued in the business’s name
A cancelled cheque
Electricity Bill Copy
Copy of the rental or lease contract
Copy of each director’s or partner’s SSN and voter ID
Reproduction of Board Resolution
List of all employees directly employed by the company or contractor.
When you register a company or business with ESIC, you need to send in the following documents:
A certificate of registration for the group
Certificate of registration for a company and a partnership deed for a partnership
A detailed list of all employees and how much they are paid each month.
List of the company's or business's partners, shareholders, and directors
A cancelled check from the company's bank account
PAN Card of the company and its workers
List of the company's directors & the people who own shares in the company
Proof that the business or company has an address
A book that keeps track of the employees' attendance.
Employees who are paid a salary are eligible for EPF. Additionally, employees making less than 15,000 per year are required to join the EPF. However, those who earn more than 15,000 a year have the option of remaining in the EPF.
The EPFO’s latest regulations mandate that the EPF be deducted from an employee’s gross salary. Previously, the deduction was made from the total of the basic wage and the Dearness Allowance rather than the entire salary (DA).
Once a unit is registered under the ESIC Act, it is given a unique identification number with 17 digits. This number is called the ESIC Code.
The ESI Act covers workers whose monthly wages are Rs 21,000 or less. In December 2016, the Act's wage limit was raised from Rs 15,000 to Rs 21,000.
All employees of a covered unit who make less than Rs. 21,000 per month (without overtime, bonuses, or paid time off) are eligible for benefits under the Scheme. Employees who make an average daily wage of up to Rs. 176 do not have to pay into the ESIC.
The ESI Scheme is run by a company called the "Employees' State Insurance Corporation" (ESIC). The ESIC has members who represent Employers, Employees, the Central Government, State Government, the Medical Profession, and the Parliament. The Director General is both the CEO of the Corporation and a member of the Corporation by default
ESI is required for businesses that employ 10 or more people, down from 20 before. All employees who make less than Rs. 21,000/- per month are required to pay into ESI.
Provident Fund Registration
Professional Tax Registration
Shops and Establishments License
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