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EPF Registration For Employers?

Employees Provident Fund a scheme under the Employees Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of Employees’ Provident Fund Organisation which is one of the World’s largest Social Security Organizations in terms of clientele and the volume of financial transactions undertaken. Basically, EPF is normally like a benefit to an employee during the retirement provided by the organization.

Applicability of EPF Registration for Employers

EPF registration is mandatory for all establishments-

  • Which is a factory engaged in any industry having 20 or more persons,.
  • Any other establishment employing 20 or more persons or class of such establishments which the Central Government may, by notification specify in this behalf.

Documents Required or PF Registration

Based on the type of entity seeking PF registration, the list of documents required for PF registration would vary as under:

  • Name of the applicant.
  • Pan card of proprietor.
  • Id proof of the proprietor like Driving license/Passport/Election Card.
  • Address proof of proprietor.
  • Address proof for the premises.
  • Complete details of the applicant with their residential address and telephone number.
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What is Import Export Code ?

IEC(Import Export Code) is known as many names such as importer exporter code, import export code, import export license, import export number, IE code, IEC license, IE license etc. In simple terms, IE CODE NO. is a 10 digit code which is provided by DGFT required for import export transactions. You can take IE code in your personal name or company name.

An IEC number issued to applicant shall be valid for all its divisions/ units/ factories/ branches. IEC is valid for lifetime and there is no need to renew the same.

Features of Import Export Code

  • Business growth
  • Export Subsidies
  • Lifetime validity
  • No Return Filing
  • Individuals can have IE Code

Validity of IE Code

IE Code registration is permanent registration which is valid for life time. Hence, there will be no hassles for updating, filing and renewal of IE Code registration. It is valid till the business exists or the registration is revoked or surrendered. Further, unlike tax registrations like GST registration or PF registration, the importer or exporter does not require to file any filings or follow any other compliance requirement like annual filing.

As IE code registration is one-time and require no additional compliance, it is recommended for all companies and LLPs to obtain IE code after incorporation.

IEC Documents Required

  • Copy of PAN Card
  • Passport size photograph
  • Copy of Aadhaar Card/ Voter identity card
  • Authorization letter (In case of Partnership)
  • Authority from other Directors on letter head (In case of company)
  • Copy of Partnership deed (In case of Partnership)
  • Board Resolution/self declaration (In case of Company)
  • Telephone Bill in the name of the Individual (In case of individual)
  • Cancelled cheque of individual
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What is MSME Registration?

MSME remains for Micro, Small, Medium Enterprises and any venture that falls under any of these three classifications. MSME ventures are the foundation of any economy and are a motor of financial development, developing fair advancement for all. In this demeanor, to assist and advance MSME enterprises by the Government of India through different sponsorships schemes and promote these companies through the MSMED Act. To acquisition the leverages under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required. Under MSMED act every MSME needs to get registered whether the business is service related or for manufacturing.MSME registration is a useful extract exclusion plot, impose endowments, control tax sponsorships, capital speculation appropriations, and others.

Requirements for MSME registration

  • Aadhar number
  • Owner’s name
  • Name of the enterprise
  • Name of the enterprise
  • PAN number
  • Official address
  • Date of commencement
  • Bank details (IFSC code on check book)
  • Personal details
  • DIC

Benefits of MSME Registration

  • Tax Benefit

According to your business, you may savor an excise benefit scheme as well as exemption from certain direct taxes in the initial years of your business.

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FSSAI Registration.

FSSAI stands for Food Safety and Standards Authority of India. FSSAI license is mandatory before starting any food business. All the manufacturers, traders, restaurants who are embroiled in food business must obtain a 14-digit registration or a license number which must be printed on food packages. This step is taken by government’s food licensing & registration system to ensure that food products undergo certain quality checks, thereby reducing the instances of adulteration, substandard products and improve accountability of manufacturers by issuing food service license.

Documents required to obtain FSSAI License

  • Declaration form
  • Authority letter
  • Copy of Property paper
  • Copy of Rent agreement
  • Food Safety Management System plan or certificate
  • Electricity/ Water bill (Business Place)
  • Copy of Aadhaar Card/ Voter identity card of Proprietor/ Partners/ Director
  • Form IX: Nomination of Persons by a Company along with the Board Resolution

Additional documents for Manufacturer

  • Blueprint plan of the processing unit.
  • List of Equipment and Machinery.
  • List of food category desired to be manufactured.
  • Pesticide residues report of water.

Guidelines on FSSAI License Number

The 14-digit number caters information about the manufacturer’s license or registration details and the manufacturing state which will be called as fssai no.

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ESI Registration

Employee's State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. This fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India. But most of the dispensaries and hospitals are run by concerned state governments.

Employees registered under the ESI enjoy a range of benefits under the scheme. Employee enjoy medical attendance and treatment for the person insured and their families including full range of medical, surgical and obstetric treatment, supply of all drugs, ambulance services, super-specialty consultation, etc., In addition, to the medical care, insured persons also enjoy sick pay benefits. Registration with ESI provides the employee with tremendous benefits and improves worker morale and retention. IndiaFilings can help your Company obtain and manage ESI Registration.

What are the benefits of ESIC registration?

The benefits of registering under this scheme are varied. Some of them are:
  • Sickness benefits at the rate of 70% (in the form of salary), in case of any certified illness certified and which lasts for a maximum of 91 days in any year
  • Medical Benefits to an employee and his family members
  • Maternity Benefit to the women who are pregnant (paid leaves)
  • If the death of the employee happens while on work – 90% of the salary is given to his dependents every month after the death of the employee
  • Same as above in case of disability of the employee
  • Funeral expenses
  • Old age care medical expenses

Entities covered under ESIC

  • Shops
  • Restaurants or Hotels only engaged in sales.
  • Cinemas
  • Road Motor Transport Establishments.
  • Newspaper establishments (which is not covered under the factory act)
  • Private Educational Institutions

ESI Registration Procedure: Documents Required

The following documents are required for registering under the ESI scheme:
  • A registration certificate or a license obtained under Shops and Establishment Act or Factories Act.
  • Certificate of registration (Memorandum and Articles of Association in case of a private limited company, partnership deed for LLPs, etc)
  • Certificate of registration for all entities and commencement of production for factories.
  • A list of employees with their monthly compensation, in detail.
  • A list of directors, partners and shareholders of the company
  • The PAN card of the business and address proof of the establishment/firm.
  • Bank statements of the organization, with evidence of commencement of operation.