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• Employees' State Insurance (ESI) is self-financing social security and health insurance scheme for the Indian Workers, which is an autonomous corporation governed by Ministry of Labour and Employment.
• This Fund of ESI is managed by Employee State Insurance Corporation (ESIC) and its rules regulations.
• All entities registered under ESI registration must file ESI returns which is due half yearly.
• The ESIC is applicable on all the establishments having 10 or more workers and is beneficial to all the employees earning Rs.15,000/- or less per month as wages, employer must contribute 4.75 percent and employee must contributes 1.75 percent towards ESI.
• Log in Employer Portal using 17 digit employer digit code.
• Before going to the monthly contribution make sure that all the details of the employees are updated before filing the returns.
• All the details of the employer contribution will be displayed.
• Verify the details and enter the bank details and go to submit the monthly employee return.
• In case of short payment, complete the dues first.
• Do self-certification under monthly contribution section then check mark the declaration and submit the return.
• The half-yearly return of ESIC for the period April to September is due by 12 November, and October to March is due by 12 May.
• Registration certificate/certificate of incorporation/partnership deed/ trust deed/certificate of commencement.
• The Memorandum of Association and Article of Association.
• Information on the employees of the establishment.
• Information on monthly contribution of the employees of the establishment.
• A detailed list of all the directors, shareholders and partners of the establishment.
• Permanent Account Number (PAN) of the Establishment.
• Bank statement of the establishment.
• Register of Form-6.
• Wages register.
• Address of the premises and other information related to the premises.
• Attendance registers of the establishment.
Ans: Claims to get the relief can be made online at website www.esic.in along with submission of the physical claim with an affidavit, photocopy of Aadhaar Card and Bank Account details to the designated ESIC Branch Office by post or in person.
Beneficiaries of the ESI health insurance scheme can get medical care at nearby private hospitals empanelled with the Employees' State Insurance Corporation in case of non-availability of ESIC hospitals within 10 kms of their residence.
*(Exclusive of Government fees & taxes)
There are several compliances the private company needs to adhere to under the Companies Act,2013. It is imperative that you take note of this or else risk facing unnecessary penalties and fees.
There are several compliances the private company needs to adhere to under the Companies Act,2013. It is imperative that you take note of this or else risk facing unnecessary penalties and fees.
Under Section 96, The company needs to conduct an Annual General Meeting (AGM) every year with a gap not exceeding 15 months between any 2 AGM. The Annual General Meetings need to be presided over with a minimum attendance of 1/3rd directors or a minimum of 2, whichever is higher.
A company auditor needs to be appointed within 30 days of the company's incorporation through Form ADT – 1 and sent to the ROC.
A company needs to apply for GST to conduct any business activities in the country. Having a GST number becomes mandatory if the company is engaging in interstate business, having an online store or having an annual turnover exceeding 20 lacs.
At the same time, the company needs to ensure GST is filed every month irrespective of any turnover in the company books.
The registration of the company name with the ROC does not ensure the protection of your name or brand. For complete ownership rights over your name, brand and logo, you need to apply for Trademark Registration.
Every year a private limited company is required to file multiple forms depending upon several factors. Among them 2 important ones are, Form AOC 4 containing the company financial statements that are Profit and Loss account and Balance Sheet and Form MGT – 7 containing the annual return.
All regulations mentioned under section 44AB need to be complied with and followed. This includes tax audits and various other requirements.!
The list is not exhaustive and there still remains a lot of compliances which a private company needs to keep in mind while conducting business operations in India. Our team at helpmybiz helps ensure that each and every regulation is adhered to and followed in compliance with the laid down regulations. Get in touch with our experts today!
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Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
Book NowWe will file it and help you identify your Good & service tax properly with GST rates and HSN codes.
Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
Book NowOur Team will ensure you a proper developmental approach for your company. We will guide you from zero level.
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