A company exceeding 20 employees has to register itself for PF and ESIC in which contribution by both the employee and employer is made for the future benefits of the employee. Under ESIC the health benefits of the employee are unlocked under different government schemes.
Scanned copies of
Bank Statement/Utility bill in the name of the Director, not older than 2 months.
-No Objection Certificate(NOC) from the owner.
-Utility bill(not older than 2 months).
-Notarized rent agreement,in case of rented property, or, registry proof, in case of owned property.
Cancelled Cheques or recent bank statements.
Unique numbers for all your employees.
We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes minimal fee required at multiple stages of registration.
PF and ESI registration are two very important compliances in India for businesses. The Employee Provident Fund (EPF) and Employee State Insurance (ESI) are two key social security schemes that aim to improve the financial well-being of employees. ESI and PF registration are compulsory for companies that satisfy the criteria stated in Section 3A of the EPF & MP Act, 1952, and the ESIC Act, 1948, respectively.
PF ESI registration applicability is determined by aspects like the number of employees and type of business. Entities that have at least 20 employees are required to register for PF. The registration is for those establishments that have at least 10 employees. However, small-scale units also have their own option to register themselves with the PF ESI registration voluntarily.
It is possible to be confident that the PF ESI registration process can be very complicated and long. That’s where CompRegi, a leading ESI PF registration consultant, takes the charge. Their proficiency and customer-oriented service options highlight how CompRegi makes the registration process straightforward, keeping the business in compliance with the recent enactments.
Number of employees: Companies employing 20 workers or more must enrol for PF, and those with more than 10 workers must register for ESI.
Wage limit: Employees earning up to Rs 15,000 per month will be covered under PF. Employees earning Rs 21,000 or below will benefit from ESI.
Nature of the establishment: Factories, shops, restaurants, entertainment companies, road transport companies, and educational institutions are among the establishments covered by the ESI Act.
PF and ESI registration offers numerous benefits to both employees and employers:
CompRegi is aware of the benefits of this registration and provides its business unit with the required supports to fill their PF and ESI registration. Their staff of professionals guarantee that companies can take the fullest opportunity of the benefits of being PF and ESI regular companies.
Businesses are expected to get an employment code through an online registration of their business on the Shram Suvidha Portal.
Employers can log into the portal which allows EPFO registration via their establishment code online.
The same case applies to the ESIC where employers can log and access the portal through the ESIC site using their establishment code.
Employees are expected to give the necessary documents required for PF ESI registration which include business registration proof, the list of their employees and residential proof.
After successful registration, the employers will be given the PF and ESI registration numbers.
The list of documents required for PF and ESI registration includes:
The Experts and professionals at Compregi help you with all the process, right from opening a bank account for your company to legally getting your business started. We believe in complete transparency in all the processes and keep you updated with each ongoing step. We value your time and ensure you with the complete registration process within the promised time period. So join us for a seamless registration and endless possibilities for your business.
Not, there is a provision of PF-ESI registration for those firms that have 20 or more workers in the case of PF and 10 or more employees in case of ESI only. Nevertheless, if they tend to be small businesses, there is a chance for them to voluntarily opt for registration.
Moreover, a business has a choice whether to register for either PF or ESI, which is governed by its eligibility and demand. Nevertheless, it is important to check a national social security scheme together with the EU program in order to provide employees with full social security benefits.
The PF and ESI online registration process is simple and can be completed within a few days if all the documents are submitted in the proper format. Nevertheless, the processing term may vary from one case to the other as it is also determined by the number of applications made and the effectiveness of the respective authorities.
Registration of PF and ESI is applicable to establishment as well as group companies. It means each group company must obtain separate registration. But, the process does not change at all, and employers can use the Shram Suvidha Portal for the platform’s registration.