ESIC registration refers to the process of registering under the Employees' State Insurance Act, 1948, with the Employees' State Insurance Corporation (ESIC). ESIC is a social security and health insurance scheme for employees in India, managed by the ESIC, which is an autonomous corporation under the Ministry of Labour and Employment, Government of India.
1. Applicability: ESIC registration is mandatory for entities employing 10 or more employees (in some states, the threshold may vary). Employees earning wages up to a specified limit are covered under the ESIC scheme.
2. Benefits: The ESIC scheme provides medical benefits, sickness benefits, maternity benefits, disablement benefits, and dependent benefits to insured employees and their dependents.
3. Registration Process:
- Employers need to register their establishment under the ESIC Act within 15 days from the date of applicability (i.e., when the number of employees reaches the threshold).
- The registration process involves filling out the ESIC registration form and submitting it to the local ESIC office along with required documents.
- Documents required for ESIC registration may include PAN card, company registration certificate, proof of address, list of employees with their salary details, bank account details, etc.
4. Obtaining ESIC Code: Upon successful registration, the employer is issued a 17-digit unique identification code known as the ESIC code number.
5. Compliance: Once registered, employers are required to comply with various ESIC regulations, including:
- Payment of the ESIC contribution: Employers and employees contribute a certain percentage of wages towards the ESIC fund.
- Filing of ESIC returns: Employers must file monthly or semi-annual returns providing details of the wages paid and contributions made.
- Maintenance of records: Employers must maintain accurate records of wages, contributions, and other relevant details of employees covered under the ESIC scheme.
6. Consequences of Non-Compliance: Failure to register under ESIC or comply with ESIC regulations may attract penalties and legal consequences under the ESIC Act.
ESIC registration ensures that employees and their dependents have access to healthcare benefits and financial protection in case of sickness, injury, or other contingencies. It also promotes social security and welfare among the workforce, contributing to their overall well-being. Compliance with ESIC regulations is essential for employers to fulfill their obligations towards their employees and avoid penalties.