SYNERGY

ESI Registration

Mandatory for establishments employing 10 or more persons

Isi_mark

ESSENTIAL - Employee's State Insurance

Safeguarding your workforce

ESI is a self-financing social security scheme for the workers. Under section 2(12) of the ESI Act, 1948 the Act is applicable to non-seasonal factories employing 10 or more persons. Under section 1(5) of the ESI Act, 1948, the ESI Scheme has been extended to Shops, Hotels, Restaurants, Cinemas including Preview Theatres, Road-motor Transport Undertakings, Newspaper Companies, Establishments engaged in Insurance Business, Non Banking Financial Companies, Port Trust, Airport Authorities and Warehousing establishments employing 10 or more persons. Further, under section 1(5) the scheme has also been extended to Private Medical and Educational Institutions employing 10 or more persons in certain States/Union Territories.

The threshold for coverage of establishments is 20 employees in Maharashtra and Chandigarh.

The ESI scheme is now notified in 540 districts in 34 States and Union Territories, which include 354 fully notified districts and 186 partially notified districts. The scheme is yet to be implemented in Arunachal Pradesh and Lakshadweep.

Coverage
The existing wage limit for coverage under the Act is Rs. 21,000/- per month (Rs. 25,000/- per month in case of persons of disability)

When to register?
Immediately when meeting the threshold criteria under section 2(12) and 1(5) of the ESI Act, 1948  

Regulating Authority

Employees’  State Insurance Corporation

How
Mind Sync
Can Help?

We’re committed to finding a way out, always ready to take up the toughest tasks. We take pride in being different. Mind Sync offers a formula of professional services uniquely crafted to address your business challenges, opportunities and create something you didn’t even know you needed.

We team up together with our clients to tackle the business challenges presented by a dynamic world and discover and implement innovative, efficient and effective business solutions.

Do you have any queries?

This information is in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Mind Sync does not accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any information provided herein. On any specific matter, reference should be made to the appropriate advisor.

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