ESI & PF registration
Earnlogic provides ESI registration in Coimbatore with a solid team of legal support. Employee State Insurance Scheme is shortly called ESI. According to rules and regulations specified in the ESI Act, 1948 ESI is a fund managed by ESI Corporation. ESI is an autonomous corporation. This comes under the Ministry of Labour Welfare & Employment, Government of India. Complete Medical and surgical care are offered to persons who have ESI registration in Coimbatore. Disablement, sickness, death/dependent benefits, and maternity benefits are also covered in this scheme.
ESI is eligible for any company that has 10 or more employees. It may be an LLP, Partnership, Proprietorship, Trust etc., or any form of company. ESI is applicable regardless of the legal form of the entity. Hence ESI registration in Coimbatore is crucial.
Documents for ESI registration
ESI registration in Coimbatore is done when the following documents are given.
- 1. List of employees, Directors, Shareholders
- 2. Certificate of Incorporation
- 3. Partnership deed if the firm is a partnership firm.
- 4. PAN, and GST of the company is necessary.
- 5. Address proof of the company
- 6. MOA and AOA of the company
- 7. Rental agreement if the office is on rent.
- 8. Utility bills like gas connection bills, Electricity bills and telephone bills.
EPFO is the Employees’ provident Fund Organization. It is a social security scheme for employees. The highest decision-making body of EPFO is Central Management Committee. EPFO registration in Coimbatore is important since EPFO offers provisions for the employees in the sector for a pension after their retirement.
Documents for EPFO registration
For EPFO registration in Coimbatore following documents are necessary.
- 1. Start-up companies must provide a start-up registration certificate.
- 2. MSMEs should give MSME registration details.
- 3. In case the establishment is a factory, documents with factory license number, date of license and place of issue of the factory./li>
- 4. Address proof
- 5. Bank statement or cancelled cheque of the entity.
- 6. DSC, PAN of the Directors.
Any establishment having more than 20 employees is eligible for EPF registration in Coimbatore. Within one month of the recruitment of 20 employees, an employer must obtain EPF registration. Else it might lead to a penalty. There is another concept known as voluntary registration, where an organization with fewer than 20 people are employed.
A Provident fund or PF is largely an employee benefits scheme. It is prescribed by the Government that provides facilities to the employees of an organization. This has been created for providing financial security and stability to the employees.
Any salaried employee can have PF registration in Coimbatore to gain benefits. The employee is liable to the scheme from the first day of joining of the employees. The employee contributes 12% of the salary.
UAN registration in Coimbatore is now easy when documents are submitted. UAN is Universal Account Number which is a 12-digit number issued to all the registered employees under the EPFO body. This number helps access the PF account without any strain. Every member has a unique UAN number.
If a member switches his/her jobs in various companies, then UAN is useful in tracking his/her PF accounts. All EPF members can now withdraw, check balances and other services using UAN.
UAN registration in Coimbatore is important since Employers cannot withhold employees’ EPF funds. UAN saves time and resources. The online platform is now transparent as employees can view their PF accounts. UAN which has UAN registration in Coimbatore has made it easy for employee verification.
UAN registration in Coimbatore is crucial as UAN is necessary for the online transfer of PF from the old company to the new company. EPF members can raise a complaint through the EPF grievance portal. Without UAN, the EPF grievance portal cannot be used. Hence UAN registration in Coimbatore is inevitable for employees.