What is Employee State Insurance Corporation
Employee State Insurance Corporation or ESIC is a self-financing standardized saving and medical coverage conspire which gives health advantage, infection advantage, maternity advantage, disablement advantage and different advantages, for example, burial service costs, free supply of physical guides and so forth to the workers and their family.
Units or Establishments that have at least 10 workers, drawing the wages of up to Rs.15,000 a month are required to be enlisted for ESIC under the ESI Act 1948. The advantages gave by the plan are financed from the commitments raised from secured workers and their managers at the settled level of wages. At present, secured representatives contribute 1.75% of the wages to the ESIC and secured businesses contribute 4.75% of the wages, payable to their workers. The state government likewise contributes 1/eighth offer cost of health advantage. ESI Registration is done through Salahkari.com.
All Establishments and Factories utilizing more than 10 workers are required to obligatorily apply for ESI enrollment within 15 days of the ESI Act, 1948 getting to be plainly appropriate to them. ESI Registration should be possible through Salahkari.com across India within 2-5 working days.
Required Documents Private Limited Company Registration
To be Submitted by Employer :
GST 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.
Copy of PAN Card
Month-wise employment position, salary etc.
Copy of bank statement/Cancelled cheque
To be Submitted by Employee :
Copy of PAN Card
Copy of Aadhar card
Frequently Asked Questions?
An employer shall apply for FORM 01 within 15 days after the act becomes applicable to a unit or establishment.
Yes, it is mandatory requirement for every employer who comes under this act to register their Factory/ Establishment.
Every employer covered under this act has to comply with various compliances such as deposit of monthly contribution, in order to file half yearly return and report to ESIC authorities if there is any change in business activity, address, ownership and the management, maintenance of registers and records etc.
No, right to receive any benefits under this act is not transferable.
It is a 17-digit unique identification number allotted to every registered establishment. This number is generated through the ESIC portal on submission of the required information by the employer or generated on receipt of a survey report from the Social Security Officer.
“Once applicable always applicable”, it means once a factory or an Establishment is covered under the Act, it continues to be covered despite the fact that the number of covered employees employed at any time falls below the required limit or there is a change in the manufacturing activity.
No. Overtime is not included for calculating the wage ceiling limit for coverage of an employee. But, it is included for payment of contribution to cover the risk during the period of overtime work, and to enable receiving cash benefits at an enhanced rate also.
Contribution will be paid for an employee in to a bank duly authorised by the Corporation within 21 days of the last day of the month in which the contribution is due for any wage period.
An employer who doesn’t pay the contribution within the time limit, will be liable to pay simple interest at the rate of 12% per annum for each day of default or delay in payment of contribution.
These are the two reports to be submitted by the employer :
• Reports: Accident report in Form 12 in case any accident takes place, to the notice of the Accident.
• Absence verification report such as Employee Records including attendance, wages and books of accounts.
Registration is the process of recording information about the entry of an employee into insured employment, under the Act.
Registration of employee is the necessary to identify the employee and to provide such employee the benefits under the Act which are related to the contributions paid by the employer on behalf of each of the insured persons.
So long as the establishment employs a minimum prescribed number of persons it will continue to be covered under the Act whether these employees are employed at one place or at places separate from each other, as they are engaged in the organised activity of the same establishment. Thus, all the persons including those working in branches, registered. office, and sales office etc. irrespective of location are to be counted.