Employees’ Provident Fund is a social security scheme that helps employees save a small portion of their salary for future benefits.
Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is mandatory for organizations with total employee strength more than 20.
Employee’s State Insurance (ESI) is a self-financing scheme for Indian workers which covers health insurance and social security. ESI functions as an independent corporation and comes under Ministry of Labor and Employment in India. The ESI Corporation thus manages the funds which regulated by the guidelines and regulations of the ESI Act. 1948. This act monitors the provision of cash and medical benefits to employees and their families through their comprehensive network of hospitals and dispensaries throughout India.
Documents required for PF Registration
PAN card of establishment
Certificate of incorporation
Cross cancelled cheque of establishment
Address proof that is in the name of the establishment
Specimen signature of directors and authorized signatories
Digital signature of the authorized applicant
In case of voluntary registration, consent of the majority of employees
Documents are about the establishment of the company.
Evidence supporting date of commencement of production/business.
List of partners, stakeholders, directors along with necessary information and proof of address.
Copy of PAN
Identity proof like voter id/passport
List of employees