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All you need to know about ProvidentFund and Employee State Insurance.

We represent the finesse and<br>vividness of the art and science of<br>consulting. Our extensive expertise<br>and Business Acumen accelerates<br>the growth of our clients in the<br>fields of Finance, Management,<br>Information Technology, and<br>Marketing. Our goal is to guide our<br>clients to steer ahead of the<br>competition and, as the name<br>suggests, achieve Professional<br>Excellence.<br>

Proexadvisors
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All you need to know about ProvidentFund and Employee State Insurance.

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  1. REGISTRATIONS UNDER PF AND ESIC ACT

  2. ▪ We represent the finesse and ▪ The ProEx team has in-depth vividness of the art and science of industry experience and a broad consulting. Our extensive expertise spectrum of technical skill sets that and Business Acumen accelerates are vital to leveraging best the growth of our clients in the practices and proven global fields of Finance, Management, delivery methodologies. Our Information Technology, and members include individuals with Marketing. Our goal is to guide our top-notch professional qualification clients to steer ahead of the holder such as Chartered competition and, as the name Accountancy, Company suggests, achieve Professional Secretaries, Tech Enciphers, Cyber Excellence. Experts, Visuals Artists and many more.

  3. ProEx develops robust strategies to help for improvement. ProEx believes that • clients transform their Performance in line optimizing performance at every possible with their business goals while optimizing juncture is imperative to maximize the their investments. growth potential of an enterprise. Our aim is to enhance your business Having been associated with various • • capabilities and profitability through best organizations, we possess the requisite available Professional resources by exposure to cater industry “Best increasing their flexibility and Practices". sustainability. We often bring our own proprietary • Our Management Consultants help methodologies for identification of • organizations evaluate their performance, problems, and to serve as the basis for primarily through the analysis of existing recommendations for more effective and organizational issues, and develop plans efficient ways of carrying out tasks.

  4. PROVIDENT FUND ▪ Provident fund is controlled under the purview of the Employees Provident Fund Organization (EPFO) which is one of the world’s largest social security organizations in terms of the clientele and the volume of the financial transactions undertaken ▪ Companies which have the strength of 20 employees or more should register themselves according to the Employees Provident Funds and Miscellaneous Provisions Act, 1952. ▪ On a voluntary basis, organizations with less than 20 employees can also contribute towards the EPF. The employer and the employee each contribute 12% of the employee’s basic salary towards the EPF.

  5. ESIC Employee State Insurance is a self-financing social security scheme and health • insurance plan for Indian workers, offering medical and disablement benefits. Governed by the ESI Act, 1948. All establishments/units/factories with over 10 employees (earning less than Rs. • 15,000 per month) are required to mandatorily apply for the ESI registration within 15 days of the ESI Act, 1948 becoming applicable to them. According to the Act, any employee earning less than Rs. 15,000 per month needs to • contribute 0.75% of his/her pay towards the ESI, while 3.25% will be contributed towards his/her ESI by the company. The ESI scheme provides tremendous benefits to the employees, and has a large network of dispensaries, and hospitals throughout the country.

  6. DOCUMENTS REQUIRED FOR REGISTRATION • Company Pan Card • Contact no. of Director and authorised Representative • Director’s Pan Card • Govt. Registration Certificate • Director’s Aadhar Card • Office Tel. No. & Office Email ID • Premises Proof (Rented/Owned) • Scan copy of Blank Cancelled Cheque • Company’s Vera/Elec./Tel. Bill/Bank Statement • DSC of Authorised Employer • If rented PAN, Aadhar, Mobile no. of • Consent Letter of Employer & Major Owner Employees • Authority Letter for Acting as consultants • MOA & AOA • Board Resolution for Authorised Signatory

  7. PROCEDURE FOR EPF REGISTRATION FOR EMPLOYERS ▪ Step 1: Registering the organization with EPFO ▪ Step 2: Reading and understanding of User Manual ▪ Step 3: Registering a Digital Signature Certificate (DSC) ▪ Step 4: Filling the details of the employer ▪ Step 5: Filling the details correctly

  8. PROCEDURE FOR ESIC REGISTRATION FOR EMPLOYERS ▪ Step 1: Once the documents are ready, the company can apply for registration by submitting the Employer’s Registration Form (Form-1). ▪ Step 2: A PDF format of the form is available on the website. Fill in the form and submit it to ESIC for registration on the official website. ▪ Step 3: Once verified, a registration number, a 17-digit unique identity will be provided to the organization. The ESI filings can be done once you receive the 17-digit number. ▪ Step 4: Employees registered under the scheme get an ESI card after submitting a form with photographs and details of family members. ▪ Step 5: Although the registration is permanent, and the number is valid for the lifetime of the company, any new changes, such as employee additions, need to be intimated to the ESI.

  9. DOCUMENTS MUST BE MAINTAINED FOR FILING EPF AND ESI RETURNS. 1. Attendance register 2. Register for Form 6 3. Register for Bonus 4. Register of wages 5. Register of any accidents on the premises 6. Inspection book 7. Monthly challans and returns submitted for ESI and EPF

  10. COMPLAINCES ▪ We provide comprehensive support and services for all your compliance needs ▪ Our expert will be your advisors and consultants for PF and ESIC registration and help get the PF number in 5 to 10 business days (not factoring processing time). ▪ On the very first consultation, you will get a gist of our PF process. When we work on your behalf, we ensure that the PF application is submitted for the organization in the prescribed format without any errors. We pledge easy working at the most economical prices. ▪ We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

  11. CORPORATE OFFICE BRANCH OFFICES 3rd Floor, Broadway Business Center, Law Garden, MUMBAI DELHI Ahmedabad, Gujarat-380006 BENGALURU UDAIPUR +91 79 2644 6872, +91 79 4894 0505 | Info@proex.co.in www.proex.co.in SURAT GANDHINAGAR https://www.linkedin.com/company/proexadvisors/ VADODARA RAIGARH (C.G.) https://twitter.com/ProExadvisors RAJKOT GURUGRAM https://www.facebook.com/proexadvisors/

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