ESI & PF registration
Earnlogic offers ESI registration in Coimbatore supported by a proficient legal team. ESI stands for Employee State Insurance Scheme, governed by the ESI Act, 1948, managed by the ESI Corporation. It's an independent body under the Ministry of Labour Welfare & Employment, Government of India. ESI registration in Coimbatore provides comprehensive medical and surgical care, covering disability, sickness, death/dependent benefits, and maternity benefits as part of the scheme's offerings.
Eligibility
ESI with ESI registration in Coimbatore is mandated for companies with 10 or more employees, irrespective of their legal structure—be it an LLP, Partnership, Proprietorship, Trust, or any other form. ESI registration in Coimbatore holds significant importance due to its applicability across various business types and structures.
Documents for ESI registration
For ESI registration in Coimbatore, the following documents are essential:
- Employee, director, and shareholder details
- Certificate of Incorporation
- Partnership deed (if applicable)
- Company's PAN and GST details
- Company's address proof
- Memorandum and Articles of Association
- Rental agreement (if office is rented)
- Utility bills (e.g., gas, electricity, telephone)
EPFO
EPFO, known as the Employees’ Provident Fund Organization, serves as a social security program for employees. EPFO registration in Coimbatore is crucial as it provides employees in various sectors with pension benefits post-retirement. The central management committee is the highest authority governing EPFO.
Documents for EPFO registration
EPFO (Employees’ Provident Fund Organization) in Coimbatore requires the following documents:
- Start-up certificate (for start-ups)
- MSME registration details (for MSMEs)
- Factory license documents (for factories)
- Address proof
- Entity's bank statement or cancelled cheque
- Directors' DSC and PAN
Eligibility
Companies with more than 20 employees must get EPF registration in Coimbatore within one month of reaching this employee count. Failure to register might result in penalties. Voluntary registration is available for organizations with fewer than 20 employees.
PF registration
The Provident Fund (PF) is a government-prescribed employee benefits scheme that ensures financial stability and security. Any salaried individual can get PF registration in Coimbatore upon joining an organization. Employees contribute 12% of their salary to this scheme from their first day of employment.
UAN (Universal Account Number) registration in Coimbatore becomes effortless upon document submission. This 12-digit number, issued to all registered employees by EPFO, grants easy access to the PF account. Every member has a unique UAN, useful for tracking PF accounts if an employee changes jobs. Through UAN, EPF members can withdraw, check balances, and access various services.
UAN registration in Coimbatore holds significance as it prevents employers from withholding EPF funds, ensuring transparency via an online platform where employees can view their PF accounts. UAN facilitates easy employee verification.
Crucially, UAN registration in Coimbatore is essential for online PF transfers between old and new companies. EPF members can file complaints via the EPF grievance portal, an action that necessitates UAN. Thus, UAN registration in Coimbatore is indispensable for employees.