ESI Registration To register with ESIC Registration Online in Chennai, the applicant has to present a registration certificate, business PAN Card & address proof, bank statements, and employee details, a MOM, and AoA of the company along with their compensation. We at Chennai Filings help and guide you to register ESIC online in India. Basically, ESIC stands for Employee State Insurance Corporation and is an autonomous body that regulates and governs Employee State Insurance in India under the Ministry of Labor and Employment. What is EPF Registration? Provident Fund (PF) is one among the most platforms of savings in India for nearly all people working in Government, Private or Public sector organizations. It is implemented by the Employees Provident Fund Organization (EPFO) of India. Registration has got to be done within one month from the date of hiring 20th employees. PF is that the best thanks to provide Social Security to the workers . Provident Fund PF is largely an employee benefits scheme prescribed by the Government which provides facilities to the employees of an organization about medical assistance, retirement, education of children, insurance support, and housing. It is created with the aim to supply financial security and stability to employees. Contribution towards EPF Contribution to EPF is to be done by both Employer and Employee. The employer deducts his employees’ share of EPF from his salary. The employer needs to deposit the amount of his contribution of EPF along with employees deducted share. The Employer’s contribution to EPF would be 10% and that of employees would be 10% (As per reduced rate). Why is it necessary to contribute to EPF? The PF contribution by an employer are going to be tax-free. The amount including the amount interest will be exempt from tax on withdrawal after a specific period. Organizations also can enroll themselves voluntarily under PF laws. Benefits of ESI PF Registration Medical Benefit Full medical aid is provided to all or any persons registered under ESI and their relations – from the day the person enters insura Sickness Benefit Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a max Maternity Benefit Maternity benefit for confinement/pregnancy is provided for three months, which is extendable by a further one month on medical advice Disablement Benefit From the day of entering insurable employment and irrespective of having paid any contribution, 90% of wage is payable so long as Dependant Benefit Dependant benefit is paid at the speed of 90% of wages within the sort of monthly payment to the dependant of a deceased insured Documents required for PF registration • Digital Signature of Proprietor/Partner/Director • Aadhar Card of Proprietor/Partner/Director • PAN Card of Proprietor/Partner/Director • Canceled Cheque/Bank Statement of Entity • PAN Card of entity • Electricity Bill of the Registered Office (not older than 2 months) • Shop and Establishment Certificate/GST Certificate/ License issued by the gov for factory Procedure for ESIC Registration Step 1 Getting ESI Registration : Establishments Factories must get themselves registered within 15 days of the Act became applicable to them by submitting an Employer’s Registration Form (Form-01) to the relevant Regional Office. Step 2 Obtaining Code Number : A 17-digit number called the Code number are going to be provided which must be utilized in all correspondence concerning the Scheme. Form 3 (Return on Declaration) must even be submitted along side Form 1. Step 3 For Employees : At the time of joining the insurable employment, employees are required to fill in a declaration Form (Form1) and submit two copies of a family photo to the employer, which must be submitted to the relevant ESI Branch Office by his employer. Step 4 Insurance Number : The employee will then be allotted an insurance number for the aim of his identification under the scheme. Step 5 Temporary Identity Card : The employees will also be issued a temporary identity card for availing medical benefits for him/herself and his/her family for a duration of three months. Step 6 Permanent Photo Identity Card : Thereafter, he are going to be given a permanent photo card . A person once registered needn't register again when there's a change of employment. The same registration are often transferred from one employment to a different .