Overview of ESIC Registration

ESIC Registration is a mandatory registration that every factory and other type of entity that has ten 10 or more employees has to take. However, in some states and UT the said no. of employees limit has been increased to twenty 20 from 10. This is applicable to ESI Employee State Insurance The ESIC Employee State Insurance Registration is governed by Employees State Insurance Corporation. Employee State Insurance Corporation is a body regulated under the Ministry of Labour and Employment. Moreover, ESIC is a social security scheme which is made for the benefits of workers.

What is ESIC Registration?

ESIC registration has many advantages for the employees. Medical treatment, cash allowances in times of sickness, coverage through maternity and cyber-physical risks, and pension to the family and dependent family members if the employee dies during the employment period are available. An employer must enroll himself as well as his employees in ESIC and pay the required fees. Payments must be completed, and once the business is registered, the employer must submit annual and quarterly returns and maintain records of the workers.

ESIC registration makes sure that every employee will receive all types of security and protection against physical or financial difficulties arising from unexpected calamities that include any kind of illness or disability. It also provides security and safety for the family and parents of employees who die during their employment with the organization. ESIC Registration is a scheme where both employer and employee take efforts.

What are the Benefits of Getting ESIC Registration?

Some of the key benefits of the ESIC registration are mentioned below in detail: 

• Free medical treatment for employees and their family members.
• Cash benefits of up to 70% of wages during sickness.
• Maternity benefits of up to 26 weeks of paid leave for female employees.
• Monthly payments for permanent disability due to work-related injuries.
• Life insurance benefits for employees in case of death during employment.
• Reduction in compliance costs for businesses.
• Elimination of the need to provide medical benefits and insurance coverage.
• Improved loyalty and morale among employees.
• Trust and loyalty towards the establishment from employees.
• Financial assistance during temporary disability.
• Protection against unforeseen medical expenses.
• Support for dependents and legal heirs of deceased employees.
• Assurance of medical care for employees and their families.
• Peace of mind for employees regarding healthcare needs.
• Enhanced employee satisfaction and retention.
• Compliance with legal requirements and regulations.
• Contribution to employee well-being and welfare.
• Access to quality healthcare facilities.
• Promotion of a healthy work environment.
• Overall improvement in employee productivity and performance.

Eligibility Criteria for the ESIC Registration

In order to get ESIC Registration you must fall under the eligibility criteria given below: 

• Businesses in specified areas are eligible.
• Employees earning up to Rs. 21,000/month can register.
• Entities in designated trades can register.
• Covered under the ESIA that is Employees' State Insurance Act of 1948.
• Companies, factories, or establishments qualify.
• Entities with contractual or casual workers may qualify.
• Part-time or temporary employees may qualify.
• Mandated industries or sectors can register.
• Employees in hazardous occupations may be eligible.
• Compliance with ESIC regulations is necessary.
• Employers with 10+ employees qualify.

Documents Required for the ESIC Registration in India 

The following below-mentioned documents are required in order to get the ESIC (Employees' State Insurance Corporation) registration online:

• Certificate of incorporation or registration of partnership deed or in case of any other type of entity such other relevant documents like DSC,DIN, MOA, AOA, CIN etc 
• Certification of Registration under Shops and Establishment Act or Factories Act
• Copy of PAN card as well as other equivalent identity proof 
• Copy of canceled cheque will be required and must be there with you 
• Employee details with joining date, salary, and bank account needs to be maintained because they are also mandatory for the registration 
• Bank statement for the last six months is required hence must be there with you 
• Address proof (electricity bill, rent agreement, etc.)
• Memorandum of Association (MOA) and Articles of Association (AOA)
• Aadhar Card or Voter ID of applicant and authorized signatory
• GSTIN of the firm or company must be there because it is mandatory for the registration purpose 
• PAN card of employees should be with you 
• List of directors or partners of the entity is required 
• List of shareholders of the company should be there with you. 

Procedure to get the ESIC Registration in India 

Following below-mentioned steps need to be followed in order to get the ESIC (Employees' State Insurance Corporation) registration online :

• Visit the official website of ESIC (Employees' State Insurance Corporation)
• Now Click on the "Employer login” and then select "Sign-Up."
• Fill required details after clicking on the same then submit 
• After completing the above process check email for confirmation
• Click the verification link and verify your genuineness 
• After the verification of your email ID you will get the credentials for Login 
• Use provided credentials in order to sign up on the ESIC website 
• After getting the username and password on the email, please log in to the account on ESIC Portal by clicking on the button “employer login”.
• Select "new employee registration" after completing the above steps and login through the credentials 
• Fill required details for the registration and make sure all the information is correct and genuine 
• After completing the information, check it twice and then click on the "Submit" button.
• After filling out the employee registration form or the ESIC (Employees' State Insurance Corporation) registration, upload the necessary documents such as a PAN card, incorporation certificates if any company is taking ESIC Registration, shop establishment certificate if a shop is taking the ESIC Registration, details of bank account, and address proof.
• After submitting the employee registration form, you will see the option for payment by the title of “Payment of Advance Contribution”. Pay the required fee. As a process, you need to pay an advance of six months.
• Pay advance payment and get the registration letter from the ESIC department of government of India 
• The registration letter comes in the form of (C-11). The registration letter is compulsory as it is an important document for a valid proof.

Compliances Needs to be Done After ESIC Registration

After an establishment gets registered under the Employees' State Insurance Corporation (ESIC), there are some complications that an establishment needs to do. Some of these compliances are given below:

• Contribution to the ESIC Fund by the employer establishment.
• Maintenance of the attendance Register of the employees
• Maintenance of the register of wages
• Maintenance of the Register of the contribution towards the ESIC Fund
• Maintenance of the register of the accidents
• Submission of the monthly and yearly ESIC Returns
• ESIC return filed twice a year by the employer.
• Register of employees maintained by the establishment.
• Accident report filed with ESIC for any workplace incidents.
• Declaration forms filed for new employees eligible for ESIC.
• Register of Inspection documenting ESIC inspections.
• Compliances required post-ESIC registration.
• Mandatory filings to avoid penalties.
• ESIC Act of 1948 governs these compliances.
• Ensure timely submission of required documents.
• Fulfillment of legal obligations under ESIC regulations.

Challenges Which you May Face After ESIC Registration 

Some of the key challenges which you may face while obtaining the registration of ESIC are discussed below: 

• Regulation as well as compliance complexity has been present. 
• The administrative burden is on the firms. 
• Businesses faced record-keeping issues. 
• Employee education challenges arose in implementing this strategy. 
• Investment management challenges have arisen. 
• Enforcement concerns exist from both the employer and employee sides. 
• Technological adoption becomes quite tough for the applicants. 
• Expanding coverage obstacles make it tough to execute. 
• Transparency in governance is necessary for the smooth implementation of this system. 
• Regulatory adaptation is also required. 

How Much Time ESIC Registration will Take? 

As an experienced service provider, we are frequently asked how much it will cost to deliver our services. Whizseed includes the time required to collect the papers, prepare the documents, file the documents, and obtain lisoning from the department. After all of this, it will take approximately 20-25 days to complete ESIC registration. It may occasionally be extended due to additional departmental requirements or queries. As a result, you, as a client, must be prepared that in any lengthy situation, your registration procedure will get done and you will get the registration certification within one month, no later. 

Why to Choose Whizseed for ESIC Registration in India? 

Whizseed is a platform that helps people in filing online legal forms. It provides a full range services of for Regulatory certifications, etc. It also assists in registering companies and provides expert assistance. You can access any legal advice or if you want to get your company registered then we are just one call or text away. We have a team of experience professionals who are having experience in ESIC registration too and they will understand your need to assist you while getting the mentioned registration. Some of the reasons due to which you should choose us are:

• We give expert support through specialists such as company secretaries, chartered accountants, and advocates.
• Clients can view and monitor the progress of work at any time.
• We do our best to give you with easy client counseling.
• We provide free legal advice regarding the initial consulting level. It only includes advice which is very basic and not professional advice or assistance.
• We provide our service timely manner so that the money and time of the client can be saved.
• We provide a refund guarantee too if expected work is not provided.