ESIC NOTIFICATION FOR COMPLAINCES BY NEWLY INCORPORATED COMPANIES

 

ESIC NOTIFICATION FOR COMPLAINCES BY NEWLY INCORPORATED COMPANIES

 

When MCA came up with compulsory registration of ESIC and EPFO at the time of incorporation, there were lots of ambiguities whether to comply the provisions even when the Company has no employees and even to the Department which used issue show cause notices to the newly incorporated Companies which are not filing the monthly returns.

ESIC, after 2 years of implementation of compulsory registration for ESIC and EPFO by MCA, issued a notification in this regard which brings more relaxation to the new Companies.

Highlights of the Notification:

 

1.     All new Companies will get awareness emails from department with respect to the threshold, compliance and for starting the compliance of various provisions of ESI Act from the date of reaching the threshold limit of employees.

 

2.     In case, the companies registered through MCA portal are found not coverable as per the Statutory Provisions of the ESI Act, they need not make compliance for next 6 months or till they reach the threshold of ESIC coverage/ whichever is earlier.

 

3.     If the company does not reach the threshold in 6 months, it has to login on the ESIC website to further extend the 'dormant' mode.

 

4.     In case, it does not extend the same, the registration will automatically activate and company has to start compliance under ESIC Act.

 

 

 You can view the notification by clicking on below link:

https://www.esic.nic.in/attachments/circularfile/4047c7be36e4971979e1e22322aa1c20.pdf