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ESI Registration has been made mandatory for the category of business. ESIC Registration is useful for the employer as well for employees. In this article, we will discuss the ESI registration procedure in India.
Table of Contents
ESI stands for ‘Employees State Insurance’. It is Social Security to all employees of an organization. ESI Registration provides monetary and medical benefits to Employees in a case of sickness, maternity, and employment injury and to make provisions for related matters. The Employees’ State Insurance Act, 1948 provides an integrated need based social insurance scheme. The Act also guarantees reasonably good medical care to workers and their immediate dependants.
As prescribed under Section 2A of the Act read with the regulation 10B of the Cat, every factory or establishment shall be registered within the period of 15 days from the date of its applicability of them in the manner prescribed in the regulation.
Companies under ESIC coverage must file the annual return. Additionally, they are required to show the changes if any during the previous year. Furthermore, you must submit the return of contributions enclosing a copy of all ESI contributions paid once every six months.
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