ESIC (Employee State Insurance Corporation)

In India, there are number of labour laws which are to be complied by an establishment, ESIC is a self-financing social security and health insurance scheme which provides medical benefit, sickness benefit, maternity benefit and various other benefits such as funeral expenses, free supply of physical aids etc. to the employees and their family.

By virtue of this requirement, any factory or business establishment having 10 or more than 10 employees, irrespective of the pay scale, have to register with ESIC and make regular contributions under ESIC as required by the prevailing law. For ease of reference, the following are required to obtain the registration—

• Shops
• Hotels or restaurants not having any manufacturing activity, but only engaged in ‘sales’
• Cinemas including preview theaters
• Road Motor Transport Establishments
• News paper establishments
• Private Educational Institutions (those run by individuals, trustees, societies or other organizations and Medical Institutions including Corporate, Joint Sector, trust, charitable, and private ownership hospitals, nursing homes, diagnostic centers, pathological labs)

Documents Required

• Registration certificate obtained either under the:

  • a. Factories Act
  • b. Shops and Establishment Act
• Certificate of Incorporation, MOA and AOA
• List of all the employees working in the Establishment
• PAN Card of the Business Entity as well as all the Employees
• Compensation details of all the employees
• Cancelled cheque of the Bank Account
• List of Directors/ Partners
• List of the Shareholders
• Register containing the attendance of the employees

We at CorpAcumen Global provide you a detailed understanding of the contributions, which are to be made under ESIC and obtain the registration with ease while setting up your business.