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EPF and ESIC Registration is Mandatory for both Employer & Employee

EPF and ESIC Acts are mandatory since its enforcement. Both, Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and Employees' State Insurance Act, 1948, the acts are meant to provide the security to employees working in public or private sector. The ESIC scheme covers medical emergencies and the EPF provide the social security in terms of pension and retirement fund.

As both the acts are mandatory for every organization, all Employer is required to get registered under the concerned authority. The process of registration is a little tough and also requires a good knowledge of labor laws, so the companies nowadays hiring consultants to fulfill the requirement of registration. In Surat, Patel Consultancy services is one of them. They provide thorough assistance to the employer as well as the employee to get them registered under the authorities designated for without any hassle.

ESIC Registration

Now the government has made the arrangement to register online. Process and documents required from employer:

Any Organization with more than 10 Employees are mandatorily required to get the ESI Registration number. Within 15 days of submission of Employer registration form (Form-01), the firm is expected to receive an Identification code from the Regional office. The same number will be used in all further correspondences with regards to the scheme. Form3 accompanies the Form 1.

Documents required from Employer:

Documents supporting company’s establishment

Supporting Evidence for the commencement date of production/business.

List of partners, stakeholders, directors along with necessary information

proof of address(Telephone bill/Electricity Bill etc.)

Copy of PAN Card

List of employees

Documents from Employee:

Form1 along with family photo

Within 3 months a permanent photo ID is provided to the employee

Wage Limit under ESI Registration:

Employees earning 21,000 INR per month or less are applicable for ESI contribution.

Employee contribution: 1.75% of total wages.

Employer Contribution: 4.75% of total wages.

EPF Registration:

This Covers the Employee’s Pension and Provident Fund Scheme and provides a security after retirement and even during the job period. The employer has to contribute 12% of Employees basic salary and the same is required from employee end also.

Process:

Form 5A with Annexure 1 has to be filled while registering the company online uploading the copies of required documents. After that, the PF authorities will verify the office or factory premises and the documents submitted online.

After satisfaction for everything in place, a PF allotment letter will be granted.

Employees also need to fill the forms required for registration. Both the process is being done through consultants.

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