EPF and ESIC Registration

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EPF and ESIC Registration

1. Applicability Based On No. of Employees:
The primary criteria for compulsory EPF Registration is based on the number of employees. Moreover, EPF registration is usually mandatory if the number of employees is 20 or more.
2. Non-Eligible Employees :
As per EPF rules, if an employee’s basic salary and dearness allowance are more than Rs.15000 at the time of joining, he is known as a non-eligible employee. However, non-eligible employees can also opt for the PF scheme with the consent of the employer.
3. Voluntary Registration:
There is a provision of voluntary registration under the PF Act. Therefore, even if the number of employees is less than 20, one can take the registration voluntarily.

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EPF Registration in Patna

1. What is the PF account number?

The PF account number was issued to the employees registered under the EPF. Further , It is a unique number for each employee and is used by employees to check the status of their EPF, the balance in the EPF account, etc. However, it has been discontinued and now replaced by the “UAN” number.

2. What are the PF registration fees?

There is no government fee for PF registration.

3. What is the UAN number?

UAN stands for Universal Account Number. Further, It is allotted by the Employees’ Provident Fund Organization (EPFO) to all registered employees.

4. What are the documents required for PF registration?

The documents required for PF registration is as follows:

1. Digital Signature of Proprietor/Partner/Director/Authorised Signatory.
2. Aadhar Card of Proprietor/Partner/Director/Trustee.
3. PAN Card of Proprietor/Partner/Director/Trustee.
4. Cancelled Cheque/Bank Statement of Entity.
5. PAN Card of the entity.
6. Electricity Bill of the Registered Office (not older than two months).
7. Shop and Establishment Certificate/GST Certificate/ License issued by the government for a factory.
8. Copy of partnership deed/ Copy of certificate of incorporation/MOA and AOA for a public or private ltd company/Societies should submit a copy of registration certificate and rules and objects of the society. ( if applicable)
9. Number of employees in the organizatio

ESIC Registration in Patna

ESIC stands for Employee State Insurance Corporation is an autonomous body created by law and is under the control of the Ministry of Labour and Employment, Government of India. It regulates the ESI scheme as per ESI Act of 1948. ESI scheme is set to cater the health and insurance needs of the employees and is funded by the employees and the employer.

Fintricks Solutions will help you with the hassle free registration process of ESIC and in completing further compliances within time to avoid penal consequences.

Eligibility Criteria for ESIC

All organisations listed under Factories Act and Shops and Establishments Act.
Factories and establishments with 10 or more employees have to register themselves under ESI schemes.
Employees earning wages not exceeding INR 21000/- per month will be covered to check requirements of ESIC registration.

Benefits of ESIC Scheme

ESIC Scheme ensures Various benefits to registered employees and their dependents. List of benefits is as follows:

Medical benefits: Reasonable medical care, comprehensive medical care & clinical investigation for insured people and his family members.
Medical Care: Medical facility within ESI Medical institutions to insured person and his spouse
Sickness Benefits and enhanced sickness and extended sickness benefits.
Disability benefits: Payment is made to the employee as long as disability continues.
Dependent Benefits: Amount is paid to the dependents of the Insured person who dies as a result of employment injury.
Maternity benefits: Paid maternity leaves are given for 26 weeks. 6 Weeks are given in case of miscarriage.
Funeral benefits: One time payment made for the funeral of an insured person.
Unemployment Allowance under Rajiv Gandhi Sharmik Kalyan Yojna’(RGSKY)
Vocational Rehabilitation Allowance