PF and ESIC Registration & PF Withdrawal Services
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PF and ESIC Registration & PF Withdrawal Services
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EPF registration is mandatory for the following establishments -
- That is a factory engaged in any industry having 20 or more people.
- An establishment employing 20 or more people or class of such establishments that the Central Government may specify on this behalf by notification.
The employer should obtain the registration within 1 month of attaining the strength, failing which penalties will be applicable. A registered establishment continues to be under the Act's purview even if the employee strength falls below the required minimum.
The Central Government may apply the provisions to any establishment employing less than 20 employees after giving not less than two months' notice for compulsory registration.
Where the employer and majority of employees have agreed that the provisions of this Act should be made applicable to the establishment, they may themselves apply to the Central PF Commissioner. The Central PF Commissioner may apply the provisions of this Act to that establishment after passing the notification in the Official Gazette from the date of such agreement or any subsequent date specified in the contract.
Some establishments having less than 20 employees would also be required to obtain PF registration, but that is voluntary registration. All the employees will be eligible for a PF from the commencement of their employment. The responsibility of deduction & payment of PF lies with the employer.
The PF contribution of 12% should be divided equally between the employer and employee. The employer's contribution is 12% of the basic salary. If the establishment has employed less than 20 employees, the PF deduction rate will be 10%.
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Documents & Details required
For LLP and Companies:
- PAN Card of Company/ LLP
- PAN Card of all Directors/ Partners
- Aadhar Card of all Directors/ Partners
- Passport size Photo of all Directors/ Partners
- Rental Agreement of business address in the name of company/ LLP.
- Copy of Latest Electricity Bill or Property Tax paid receipt of business address.
- Current Bank Account Statement / Cancelled Cheque
- Certificate of Incorporation
- MOA, AOA/ LLP Agreement
- Digital Signature of any one Authorized Director
- Board Resolution or Authorization letter to become authorized signatory in GST (we will draft this and share it for your signatures).
- Contact Number and Email id of all Directors/ Partners.
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For Partnership and Proprietorship companies:
- Aadhar Card of Proprietor/Partner
- PAN Card of Proprietor/Partner
- Cancelled Cheque / Bank Statement of Entity
- Rental Agreement of Business premises
- Electricity Bill of the Registered Office (not older than 2 months)
- Shop and Establishment Certificate/GST Certificate/ License issued by the government for factory
Procedure
ESI Registration Procedure (Employer):
- The employer must submit the Employer’s Registration form (Form D-1) to ESIC and other documents.
- Each employee has to fill up form -1 along with the family photograph to the employer
- Documents stating the sector of the company and the incorporation of the company.
- Address proof, PAN Card, Company bank account, and all tax-related documents.
- All the documents of employees
- Registers containing employment information.
- The latest copy of the company’s bank account.
Employee Provident Fund is the complete form that is commonly known as EPF. It is a scheme under the Employees Provident Funds and Miscellaneous Provision Act, 1952. It is regulated under the purview of Employees’ Provident Fund Organization (EPFO), one of the World’s largest Social Security Organizations in terms of clientele and volume. It acts as a protective shield as a steady income source after the employees retire from the organization.
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