Description
Eligibility for EPF Registration
Employees Provident Fund (EPF) is a scheme that is regulated by the Employees’ Provident Fund Organisation (EPFO) and
it was introduced due to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Today’s work culture
depends on the welfare of employees. An Employee Provident Fund is an initiative designed to offer social security
benefits to employees of a particular organization, building stronger employee-employer bonds.
Rules and guidelines laid out, with EPF registration:-.
Companies which grow to a strength of 20 members are expected to register themselves within 1 month from the time of attaining this strength, with penalties applicable for delays in registration.
Co-operative societies are expected to register if their employee strength increases to 50 or more and registered organizations continue to be under the purview of the rules and regulations of the Act even if their employee strength falls below the minimum specified number.
Documents Required for Online EPF Registration:-
1) Copy of partnership deed (In case of partnership firm)
2) copy of the Certificate of incorporation (In case of Public or Private Limited Company).
3) GST Registration Certificate
4) copy of memorandum and Articles of Association(In case of Public or Private Limited Company).
5) Proof of incorporation – first sales invoice/ license issued by competent authorities Salary details of employees
6) Pan card of the firm/company/individual
7) Aadhar card
8) No. of employees that have worked for the organization
9) Cross canceled cheque
10) Bank details such as name, branch, IFSC code, and address of the bank
11) Aadhar link Mobile number and email id for the employer.
12) digital signature required IF Aadhar link Mobile number is not available.
ESIC Registration – Process & Required Documents
The Employee State Insurance (ESI) registration is provided to employees of every state to ensure some security level to the employees and their families. This registration is provided under Employee State Insurance Corporation ESIC, which is a self-financing, autonomous body controlled by the ESI act 1948. Provisions of the ESI act 1948 make it obligatory for every employee who exceeds the minimum bar of a maximum salary of 15,000. For employees working in large-scale or small-scale industries, the ESI registration provides social security, which comes in the form of medical or financial aid in case of an emergency.
Under the ESI Act, 1948, every organization which has more than 10 employees is bound to provide ESIC registration. This compulsion for registration applies to both the organization as well as the employee.
Under the ESI Act, 1948, every organization which has more than 10 employees is bound to provide ESIC registration. This compulsion for registration applies to both the organization as well as the employee.
Following Documents required for Employees’ State Insurance Corporation (ESI) Registration:-
1. Copy of pan of company/partnership/firm
2. Copy of Certificate of Incorporation / Registration certificate
3. Copy of Bank Statement
4. Copy of all licenses(like- gst registration, labor license etc.) issued in the name of the establishment
5. A canceled cheque
6. Copy of electricity Bill
7. Copy of rent/ lease agreement
8. Copy of pan and aadhar card of directors/partners
9. Copy of Board Resolution (in case of a company)
10. List of all employees employed directly by the company or by the contractor.
FAQ FOR EPF AND ESI
Who is eligible to get pf registration?
For a salaried employee if the Basic and Dearness allowance is less than Rs.15,000 per month then it is mandatory to get the EPF registration by the employer.
What is the basic limit for pf registration?
Employees that draw less than Rs.15,000 per month need to get EPF registration mandatorily, and the employee drawing the Pay above the prescribed limit needs to get permission from the assistant PF commissioner to become a member.
What is UAN?
UAN or Universal Account Number is a 12-digit unique number allotted to every member. This distinctive number is permanent and remains applicable throughout the life of the member. Further, a UAN does not change with the change of employment. Lastly, this number helps in the automatic transfer of Funds and PF withdrawals.
How the Employer’s share is divided into PF Fund?
out of a 12% EPF share of the employer, 8.33% is banked to the Employee pension scheme (EPS), in which the rest amount of 3.67% is bifurcated into the EDLI account.
What happens if the employee strength reduces to less than 20 employees?
Once the registration is done, it will continue, irrespective of the fact that the number of employees working therein has subsequently fallen below 20.
What is the ESI Code number?
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.
What is the rate of interest on delayed payment?
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.
Can I need to present physically in esi registration process?
No, You don’t need to be physically present for the process, justefilling.com is an online service provider. we provide you 100% online application processing system.
Which Cities do you provide your services to?
justefiling.com provides ESIC Registration all across India. You can obtain ESIC registration in Uttar Pradesh, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any other city easily with us.
