![]() When is ESI Registration Mandatory?ĮSI registration is mandatory if a company or entity employs ten or more low-earning employees. The ESIC manages the funds collected as per the rules and regulations laid down by the ESI Act. Governed by the ESI Act, 1948, it is managed by the Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment. What is Employees’ State Insurance?Įmployees’ State Insurance is a self-financing social security scheme and health insurance plan for Indian workers that offers medical and disability benefits. As a result, companies need to ensure they adhere to the provisions of the ESI Act to stay on the right side of the law. Failure to enrol under the ESI regime can make such companies liable to face legal actions. All eligible companies have to register under the ESI Act, 1948. The Employees’ State Insurance program is one of the popular social security schemes brought into force by the central government after India’s independence. All eligible private companies registered in India have to enroll under this scheme, as per the Employee State Insurance Act, 1948. The Employees’ State Insurance is one of the world’s largest social security schemes that provide benefits to millions of people across India.
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