Employee State Insurance Corporation

Employer has to fill Form 01 with in 15 days of applicability of act.

It is mandatory for employer to register under ESI once employer fall under the category.

It is 17 digit number that employer receives on registration with ESIC.

Contribution is to be paid within 21 days of last day of month for which contribution is due.

Employer has to pay simple interest at rate of 12% pa in respect of each day of default.

A factory or establishment can get exemption from ESI coverage when they cover their employees with substantially similar or better benefits than this ACT. For exemption; factory or establishment has to apply every year to the Government. Government in consultation with ESI may grant exemption to the factory.

Registration under ESI provides following benefits to employees:

• Medical Benefit
• Maternity Benefit
• Sickness Benefit
• Disablement Benefit
• Temporary Disablement Benefit
• Permanent Disablement Benefit
• Dependent Benefit

The above benefits are not limited to employee but also his family is covered for above benefits.

Factory or establishment registered under his act has to comply with various compliances such as deposit of monthly contribution, half year return, annual return, updation of records with ESI authorities.