PF & ESI Registrations

Benefits of Provident Fund (PF):

1. Risk Coverage: PF provides coverage for employees and their families in case of illness or retirement, offering financial security and support.
2. Uniform Account: The PF account remains the same even if an employee changes jobs, ensuring a steady and transferable account for accumulated savings.

Benefits of Employee State Insurance (ESI):

1. Medical Benefits: ESI provides medical benefits to employees in case of sickness or major diseases. This includes sickness benefits at a rate of 70% of the salary for certified illnesses lasting up to 91 days in a year.
2. Maternity Benefit: ESI offers maternity benefits to pregnant women, including paid leave and medical benefits during the maternity period.
3. Death Benefits: In the unfortunate event of an employee’s death while at work, ESI provides death benefits. This includes monthly payments amounting to 90% of the employee’s salary to their dependents, along with funeral expenses.

These benefits offered by PF and ESI help safeguard the well-being and financial stability of employees and their families in various situations, providing necessary support during times of need.

Checklist/Requirements for Provident Fund (PF) Registration:

1. PAN of the entity
2. Memorandum of Association (MOA) and Articles of Association (AOA) of the company
3. Declaration from directors/partners
4. GST registration certificate
5. Date when the number of employees exceeded 20
6. Details of employees, such as joining date and Aadhaar number
7. Certificate of Incorporation
8. Cancelled check of the entity’s bank account
9. Address proof of the entity
10. Digital Signature Certificate of authorized signatory
11. Consent of the majority of employees (in case of voluntary registration)

Checklist/Requirements for Employee State Insurance (ESI) Registration:

1. Registration certificate obtained under the Factories Act or Shops and Establishment Act
2. Certificate of Incorporation/Partnership deed
3. Memorandum of Association (MOA) and Articles of Association (AOA) of the company
4. List of employees working in the organization
5. PAN Card of the entity
6. PAN Card details of all employees
7. Compensation details of the employees
8. Cancelled cheque of the company’s bank account
9. Register containing the attendance of the employees
10. List of directors and shareholders of the company

Please note that the specific requirements may vary based on the applicable laws and regulations in your jurisdiction. It is advisable to refer to the official guidelines or consult with relevant authorities for the accurate and up-to-date checklist for PF and ESI registration.

Process of Employee Provident Fund (EPF) Registration:

1. Provide the required documents and information.
2. Register the organization with the Employees’ Provident Fund Organization (EPFO).
3. Complete registration under the Unified Shram Suvidha Portal (USSP).
4. Fill out the registration form.
5. Attach the Digital Signature Certificate (DSC) with the form.
6. Obtain the Employee Provident Fund registration.

Process of Employee State Insurance (ESI) Registration:

1. Share the required documents and information.
2. Create login details for the company.
3. Fill out the registration forms.
4. Make the payment and receive the registration certificate.

Please note that the specific steps and requirements may vary based on the jurisdiction and regulations.

Key Deliverables for Employee Provident Fund (EPF) Registration:

1. EPF Certificate
2. EPF Portal Login Credentials

Key Deliverables for Employee State Insurance (ESI) Registration:

1. ESI Certificate
2. ESI Portal Login Credentials

Additional Deliverables:

1. Payment Challans (if applicable)