Register Your ESIC
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ESIC Registration
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Introduction
The Employees' State Insurance Corporation (ESIC) is a social security organization established by the Government of India under the Employees' State Insurance Act, 1948. It provides comprehensive social security benefits to employees and their families in case of sickness, maternity, disablement, or death due to employment-related injuries.
Benefits for Establishments under ESIC:
- Legal Compliance:ESIC registration ensures that establishments comply with the provisions of the Employees' State Insurance Act, 1948, and related regulations. Compliance with ESIC regulations helps establishments avoid penalties and legal consequences.
- Employee Welfare:ESIC registration allows establishments to provide social security benefits to their employees, including medical care, sickness benefits, maternity benefits, and disablement benefits. By facilitating access to healthcare services and financial assistance, ESIC helps establishments promote the welfare and well- being of their workforce.
- Healthcare Facilities:Establishments registered under ESIC can avail of medical services for their employees and their dependents at ESIC hospitals, dispensaries, and tie-up hospitals. Access to healthcare facilities ensures timely medical treatment and support for employees, contributing to their overall health and productivity.
- Financial Protection:PESIC provides financial protection to establishments by offering coverage for medical expenses, sickness benefits, and other contingencies related to employee welfare. By sharing the financial burden of healthcare and social security with employees, establishments can mitigate risks and ensure continuity of operations.
Eligibility Criteria for Establishment Registration under ESIC:
- Minimum Number of Employees:Establishments with ten or more employees are required to register under ESIC. The Employees' State Insurance Act, 1948, mandates registration for establishments meeting the specified employee threshold.
- Nature of Business:Establishments engaged in manufacturing, trading, or providing services are eligible for ESIC registration. The Act covers a wide range of industries and sectors, including factories, shops, hotels, restaurants, and establishments involved in healthcare and education.
- Wage Threshold:Employees earning wages up to ₹21,000 per month are eligible for ESIC coverage. Establishments must ensure that all eligible employees are enrolled for ESIC benefits based on their monthly wages.
- Compliance Obligations:Establishments registering under ESIC must comply with contribution payment schedules, submission of statutory forms and returns, and other regulatory requirements. Compliance with ESIC regulations is essential to ensure the effective implementation of social security measures for employees.
Documents Requirements:
- Certificate of Registration: For companies, Certificate of Incorporation issued by the Registrar of Companies (ROC).
- Registration certificate for other entities: Partnership deed or proprietorship registration certificate.
- Memorandum and Articles of Association (MOA and AOA): Outlines company structure, objectives, and rules.
- PAN Card: Permanent Account Number (PAN) card of the establishment.
- Address Proof: Various documents verifying the establishment's address.
- Bank Account Details: Details of the bank name, branch address, account number, and IFSC code.
- Employee List: Details of all employees.
- Wage Register: Record of wages paid to each employee.
- Registration Form: ESIC registration form filled and signed by the establishment's authorized signatory.
- Additional Documents: Business licenses, NOC from local authorities.
Frequently Asked Questions
ESIC registration is mandatory for establishments with ten or more employees. It provides social security benefits to employees and their families. Employers need to register themselves and their eligible employees with ESIC.
ESIC registration ensures compliance with the law and provides access to medical care, sickness benefits, maternity benefits, and more for employees and their dependents.
Employers contribute 4.75% of the employee's wages, while employees contribute 1.75% of their wages towards ESIC. Contributions are calculated based on wages up to ₹21,000 per month.
ESIC contributions are typically made on a monthly basis. Employers must deduct the employee's contribution from their wages and remit both contributions to ESIC within the specified time frame.
Non-registration or non-compliance with ESIC regulations can result in penalties and legal consequences for the employer, including fines and prosecution.
Employees earning wages above ₹21,000 per month are exempt from ESIC contributions. However, employers can choose to voluntarily register such employees if they wish to avail of ESIC benefits.
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