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ESI Registration
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ESI Registration
Employee State Insurance Corporation is an autonomous body created by an act of Parliament under the Ministry of Labour and Employment, Government of India. This scheme is for Indian workers who are provided with a huge variety of medical, monetary and other benefits from the employer. Any Company having more than 10 employees who have a maximum salary of RS.21,000 has to mandatorily register itself with the ESIC.
For industrial units, where there are chances of occurrence of injury or health issues at the business premise, all employees with salaries less than Rs.21,000 compulsorily need to have ESI.
For industrial units, where there are chances of occurrence of injury or health issues at the business premise, all employees with salaries less than Rs.21,000 compulsorily need to have ESI.
In some regions, ESI is applicable only if there are more than 20 employees
APPLICABILITY
As per the government notification under Sec 1(5) of the ESI Act the following entities are required to be registered with ESIC:
- Shops
- Restaurants or Hotels are only engaged in sales.
- Cinemas
- Road Motor Transport Establishments
- Newspaper establishments (which is not covered under the factory act)
- Private Educational Institutions
Contribution to ESI
The contribution to ESI is 4% of the gross salary. It is divided as:
- 3.25% by the employer
- 0.75% by the employee
Documents Required FOR ESI Registration
As per the government notification under Sec 1(5) of the ESI Act the following entities are required to be registered with ESIC:
- A registration certificate obtained either under the Factories Act/ Shops and Establishment Act
- Certificate of Registration in case of Company, and Partnership deed in case of a Partnership Firm
- Memorandum of Association and Articles of Association of the Company
- A list of all the employees working in the Establishment with their DOJ and Gross Salary.
- PAN Card of the Business Entity
- A cancelled cheque of the Bank Account of the Company/Business Entity
- List of Directors of the Company
- List of the Shareholders of the Company
- Any other Address Proof of Business Entity Like GST Etc
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