ESI & PF registration in Coimbatore
Smartcorp provides ESI registration in Coimbatore with a team of experts. ESI is Employee State Insurance is an extensive social security scheme. The employees are safeguarded against any events of sickness, employment injury, disablement and maternity to provide medical care to the insured employees and their families. In short, this scheme has been started to socially safeguard the employees in an organized sector. Major distress of an employee is, the absence of wages when he/she is on medical leave. To assist employees financially during this period to offer them financial backing. Thus, ESI registration in Coimbatore is necessary as it covers many benefits under the scheme.
An establishment having more than 10 employees must have ESIC registration in Coimbatore. In some states, if an establishment has more than 20 employees must register. Entities like shops, cinemas, restaurants, private medical and educational institutions, and newspaper and road motor transport establishments are covered under Section 1(5) of the ESI Act. Hence ESI registration in Coimbatore is crucial for any establishment.
Documents for ESIC registration
The following documents are necessary for ESIC registration in Coimbatore.
- Registration certificate under Factories Act & Shop and Establishment Act
- Certificate of Incorporation
- Partnership deed in case of partnership registration
- GST, PAN of any establishments.
- AOA, MOA of the company
- Utility bills like Electricity bills, gas connection bills, and telephone bills. And these bills should not exceed 3 months.
- Rental agreement if the land is on rent.
- Property tax receipt of the land where the company is situated.
- List of Directors, Shareholders and employees.
Employee Provident Fund is a retirement perk which is used by all salaried employees. This is supervised and controlled by the Employees’ Providential Fund Organization (EPFO). Any organization having 20 employees must have registration in Coimbatore as per the legal framework. Thus it is a good saving medium for employees.
Any legal business organization with more than 20 employees are eligible to have EPFO registration in Coimbatore. Employers and employees contribute 12% of the employee’s base salary. Dearness allowance is added to the EPF. If the business has fewer than 20 employees may have voluntary registration with its staff. In that case, 10% is the EPF contribution.
The following documents are needed for EPF registration in Coimbatore.
- PAN details
- Name and location of the business
- Company incorporation date
- Information like title, and address of the directors and partners.
- Office and branch information
- Incorporation certificates
The Provident fund is a flagship scheme of the Employee Provident Funds Organization (EPFO). This comes under the governance of Employees Provident Funds and Miscellaneous Provision Act, 1952. It applies to all businesses that hire 20 or more people. UAN is a significant number for both employees and employers. UAN is Universal Account Number. All PF accounts of the employees can be brought under one roof called UAN. Hence UAN registration in Coimbatore is crucial. It is said, with UAN EPFO services have now become easy and convenient.
The registered members can simply login into their accounts with their UAN and password and perform any action. Soon after having UAN registration in Coimbatore, it is important to activate the UAN as well. UAN is issued by the Ministry of Labor & employment. UAN registration in Coimbatore is effectively done by the professionals of Smartcorp. As UAN is a unique number, every EPFO member can have only one UAN throughout his/her service time. To avail of all services through the EPFO portal, UAN is mandatory. Thus UAN registration in Coimbatore is necessary.