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. Employees Provident Fund (EPF) is a scheme controlled by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. … PF registration is applicable for all establishments which employs 20 or more persons, subject to certain circumstances and exemptions even if they engage less than 20 employees.
Getting ESI Registration :
Establishmentsor Factoriesmust get themselves registered within 15 days of the Act becoming applicable to them by submitting an Employer’s Registration Form (Form-01) to the relevant Regional Office.
Obtaining Code Number :
A 17-digit identification number called the Code number will be provided which must be used in all Correspondence relating to the Scheme. Form 3 (Return on Declaration) must also be submitted along with Form 1.
For Employees :
At the time of joining the insurable employment, employees are required to fill in aDeclaration Form (Form1) and submit two copies of a family photo to the employer, which must be submitted to the relevant ESI Branch Office by his employer.
Insurance Number :
The employee will then be allotted an insurance number for the purpose of his identification under the scheme.
Permanent Photo Identity Card :
Thereafter, he will be provided with a permanent photo identity card. A person once registered need not register again when there is a change of employment. The same registration can be transferred from one employment to another.
- Registration Certificate or Licence issued under Shops and Establishment Acts or Factories Act.
- Address Proof: Latest Rent receipt of the premises you are occupying indicating the capacity in which the premises are occupied, if applicable.
- Latest building Tax/Property Tax receipt (Photocopy).
- Memorandum and Articles of Association/Partnership Deed/Trust Deed depending on the entity that is applying for registration.
- Photocopy of certificate of Commencement of production and/or Registration No. of CST/ST (or GST once it becomes applicable).
- Copy of PAN Card
- Evidence in support of the date of commencement of production/business/first sale (e.g. Copy of First Invoice).
- Month wise employment position, salary etc.
- Copy of bank statement
- EPF is divided into two parts which are provident fund and Employee Pension Scheme.
- The subscriber Contribution 12% of basic plus daily allowance goes to the Provident Fund.
- In the case of employer contribution, 8.33% goes to Employee Pension Scheme out of 12%, the rest goes to the provident fund account.
- Considering the number of years of service and the average salary drawn by the person gets the pension.
- A retired person gets the lump sum EPS money along with PF.
- The members who complete the age of 58 years and completed 10 years of service without any withdrawal get the benefits of a pension.
- Members can withdraw from these accumulations to cater to financial exigencies in life – No need to refund unless misused.
- On resignation, the member can settle the account. The member receives his PF contribution, Employer Contribution, and Interest.
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