WHAT IS ESIC REGISTRATION?
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.
This scheme is started for Indian workers. The workers are provided with a huge variety of medical, monetary and other benefits from the employer. ESI applicability criteria as per the ESI act is that any employee whose gross salary is upto Rs. 21000 can avail this by the help of the employer. Also, it is mandatory for the employees, labour workers etc having gross salary upto Rs.21000 under such type of industrial unit where 50% to 90% injury or health cause is during company premises. ESI contribution by the employee is 1.75% and 4.75% by the employer. Any Company having more than 10 employees (in some states it is 20 employees).
ELIGIBILITY:
- Shops
- Movie theatres
- Newspaper establishments (not covered under factory’s act)
- Private educational institutions
- Restaurants engaged only in sales
- Road motor Transport establishments
PROCEDURE
STEP 1:
We will prepare your ESI application along with a list of employee’s.
STEP 2:
After verification of the Application, the government will issue a 17-digit unique number ESI establishment code.
STEP 3:
ESI Registration Process takes 10 to 15 days.
BENEFITS
ESI registration is one of the most reliable schemes run by Government of India that covers all risks of the employees working in the organized sector.
A total of 6.5% amount goes towards ESI, out of which only 1.75% of the employee ’s salary, rest is contributed by employer.
Recently, the government has introduced several avenues for healthcare for the poor families covered NHPS, Such as getting benefits under ESI run hospitals and dispensaries.
The ESIC also gives Pehchan smart cards to the ESI members, that enable the insured people and their families to access all ESI dispensaries, hospitals or branches of ESIC across India and avail the subsidized facilities and services.
Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.
DOCUMENTS REQUIRED
COMPANY DOCUMENTS
Certificate of Incorporation, MOA & AOA
PHOTOGRAPH
Photograph of the Shop at the entrance with Name Board in local language
PAN CARD
Copy of PAN card/ Address Proof of Factory/Firm/Establishment
BANK ACCOUNT DETAILS
Copy of bank statement/ Cancelled cheque
SUPPORTING DOCUMENTS
List of Partners or Directors.
Registration Certificate issued under Shops and Establishment Act.
Certificate of commencement of production.
WHY CHOOSE US
1. STARTUP’S FIRST CHOICE
We ensure start-ups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery start-ups prefer us to do Company registration.
2. TECHNOLOGY DRIVEN PLATFORM
100% Technology driven platform to speed up your company registration process and make your life easy
3. BEST PRICING
We understand the value of money for startups. We offer complete transparency and affordable cost to startups.
4. 100% ONLINE SERVICE
Fully online service so that you can start and complete the process without running around from the comfort of your home or office.
5. EXPERT PROFESSIONALS
At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.
Get a free consultation for Popular License Services by scheduling an appointment with Legal Time.
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Company Registration
Goods and Service Tax registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states) GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.
TRUST REGISTERATION
A Trust can be created by execution of trust deed: There are Two types of Trust. A Public Trust is Created for the benefit of general Public.
STARTUP INDIA REGISTERATION
Register your company in Startup India in 8-10 working days. Our dedicated team of professionals at Legal Time will help you to register your Company in Startup India