ESIC REGISTRATION

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Welcome to Trisuka, your trusted partner for all your financial needs. We understand the importance of ESIC (Employees’ State Insurance Corporation) registration for businesses in India. We will provide you with a comprehensive overview of ESIC registration, including its purpose, necessary documents, steps to be followed, eligibility criteria, and benefits.

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ESIC Registration

ESIC registration is a mandatory requirement for businesses in India under the Employees’ State Insurance Act, 1948. It is aimed at providing social security benefits to employees in the form of medical care and financial assistance in case of sickness, maternity, disablement, or death due to employment-related injuries.

To register for ESIC, the following documents are generally required:

  • Registration certificate or license obtained under applicable Shops and Establishment Act or Factories Act
  • PAN (Permanent Account Number) of the business owner or authorized signatory
  • Memorandum of Association (MOA) and Articles of Association (AOA) or partnership deed, as applicable
  • Address proof of the business premises (electricity bill, telephone bill, or rent agreement)
  • List of employees, including their names, addresses, and salaries
  • Identity proof (Aadhaar card, PAN card, or passport) and photographs of the business owner or authorized signatory
  • Any other relevant supporting documents as specified by the ESIC authorities
  • Visit the official ESIC website or Click Here website for easy registration.
  • Create an account and fill in the necessary details, such as the legal name of the business, address, PAN, and contact information.
  • Provide the requisite documents, including PAN, registration certificate, MOA/AOA or partnership deed, address proof, and employee details, in the prescribed format.
  • Verify the provided information and submit the registration application.
  • Await the verification and processing of your application by the ESIC authorities.
  • Once approved, you will receive your unique ESIC registration number and the ESIC employer’s code.

The following entities are generally required to register for ESIC:

  • Businesses employing 10 or more employees (in certain states, the threshold is 20 employees)
  • Businesses engaged in specified activities such as manufacturing, construction, or service sectors covered under the ESIC Act

ESIC registration offers several benefits to registered businesses and their employees, including:

  • Medical care benefits: ESIC provides medical care services to insured employees and their family members, including outpatient, inpatient, and specialist consultations.
  • Sickness and maternity benefits: Insured employees are eligible for cash benefits during periods of sickness, maternity leave, or temporary disablement due to employment-related injuries.
  • Disablement benefits: In case of permanent disablement or loss of earning capacity due to employment-related injuries, insured employees receive financial assistance.
  • Dependent benefits: In the unfortunate event of an insured employee’s death due to employment-related injuries, financial assistance is provided to their dependents.
  • Funeral expenses: ESIC covers funeral expenses in case of the insured employee’s death.
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FAQ

  1. Is ESIC registration mandatory for all businesses?
    ESIC registration is mandatory for businesses employing 10 or more employees (in certain states, the threshold is 20 employees) and engaged in specified activities covered under the ESIC Act. However, businesses can voluntarily register under ESIC, even if they do not meet the mandatory threshold.

  2. What is the contribution rate for ESIC?
    The contribution rate for ESIC is shared between the employer and the employee. As of now, the employer’s contribution is 3.25% of the employee’s wages, while the employee’s contribution is 0.75% of their wages.

  3. What is the coverage limit for ESIC?
    ESIC covers employees earning up to a specified wage limit, which is currently INR 21,000 per month. Employees earning above this limit are not eligible for ESIC benefits.

  4. Can employees opt-out of ESIC contributions?
    Employees covered under ESIC are required to contribute to the scheme. Opting out is not permitted, as it is a mandatory social security scheme for eligible employees.

  5. Can ESIC registration be transferred from one employer to another?
    ESIC registration is linked to the employer. When an employee changes jobs, their ESIC coverage is transferred from the previous employer to the new employer, ensuring continuous access to ESIC benefits.

**Please note that while these answers provide a general understanding, it is always advisable to consult with professionals or legal experts for specific guidance to your unique circumstances.