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Shram Suvidha Portal facilitates businessmen to get all kinds of registrations and submit returns that are required under labour laws at a single online window.
It also makes available to them the inspection reports prepared by the enforcement agency inspectors online.
The procedures have been simplified; returns and registration forms have been unified to provide a business environment that encourages compliance by reducing transaction costs and promoting ease of business.
The objective of Portal is to consolidate information on Labour Inspection and its enforcement.
It will lead to transparency and accountability in inspections. The compliances would be reportable in Single Harmonized Form which will make it simple and easy for those filing such forms.
The performance will be monitored using key indicators thus making the evaluation process objective. It promotes the use of a common Labour Identification Number (LIN) by all Implementing agencies.
Any worker aged between 16 and 59 and working in the unorganized sector is eligible for the e-Shram card.
It aims to improve the implementation efficiency of the social security services for unorganized workers.
Under the umbrella of many important schemes launched by the central government, E-Shram cards come as a big scheme to provide assistance to the labour class.
Unorganized sector workers can get financial help in any corner of the country by registering for an e-shram card.
- Registration can be done for the e-shram card in 3 easy ways.
- Self-registration can be done through the e-shram website http://eshram.gov.in
- Registration can also be done through Common Service Centers.
- The regional offices of the state government in the districts/sub-districts are also doing the Registration.
It is necessary for the workers to have an Aadhar card, a mobile number linked with Aadhaar, and a bank account to register on the e-shram portal.
Workers registering with the e-shram portal will get an insurance benefit of up to Rs 2 lakh. This is under the Pradhan Mantri Suraksha Bima Yojana.
If the worker dies in an accident or becomes completely physically disabled, then a sum of Rs 2 lakh and in case of partial disability Rs 1 lakh is given.
To register for the e-SHRAM site, the person must have an Aadhaar number, Aadhar connected cellphone number, and a bank account number.
Also, the Age of the person applying should be between 16-59 years.
ESIC - EMPLOYEE STATE INSURANCE CORPORATION
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation (ESIC) which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.
The ESI scheme was started for Indian workers. The workers are provided with a huge variety of medical, monetary, and other benefits under the ESI Act from the contributions made by both the employer and employee towards the ESI scheme.
It is mandatory when employees are more than 10 and employees should be earning less than Rs 21,000/-
The employer is required to pay his contribution and deduct employees’ contribution from wages and deposit the same with ESIC within 15 days from the last day of the calendar month in which the contribution falls due.
Current Rate Reduced Rate
Employer share 4% 3.25%
Employee share 1% 0.75%
Total 5% 4%
For employees whose gross earning are less than Rs 15000 per month then entity needs to contribute 4.75% and employee needs to contribute 1.75% towards ESI contribution.
Once the employee earns more than 21000, the contributions towards ESI should continue to the end of the contribution cycle.
Each contribution cycle lasts for six months.
- April- September ( to be filed by 12 November)
- October-March (to be filed by 12 May)
Upper cap is Rs 25,000/- for employees with disability.
The state government bears 1/8 share of the cost of medical benefits.
Filing is done half-yearly and annually.
All changes made to the employees during the year must be intimated to the department at the time of filing the annual return.
The monthly challan copy must be submitted at the time of filing returns and all the particulars regarding the contribution made must be mentioned in the employee’s register.
The establishment must maintain a register of wages, attendance register, inspection book, etc.
EPF-ECR report is necessary for for filing EPF returns and ESIC report for filing ESI returns
MANDATORY COMPLIANCE FOR PRIVATE LIMITED COMPANY
1-4 is important compliance which must be completed at any cost.
Appointment of Auditor
One of the first orders of business after having obtained your company’s certificate of incorporation is the appointment of the first auditor of the company, Within 30 days from the date of registration of the company, the board of directors must call a board meeting and appoint an auditor for the company.
In case the board fails to appoint an auditor within the above timeline, it is required to inform the members of the company, who may then within 90 days of such intimation appoint the first auditor of the company at an extraordinary general meeting. The tenure of the auditor so appointed is to be till the conclusion of the first annual general meeting.
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