ESIC stands for Employee’s State Insurance Corporation, which is a statutory body under the Ministry of Labour and Employment, Government of India. ESIC provides social security benefits to employees working in factories and establishments in India, such as medical benefits, disability benefits, maternity benefits, and death benefits.

ESIC registration is mandatory for all employers who have 10 or more employees in their establishment. The registration process involves the following steps:

1. Obtain the Employer Registration Certificate (ERC) by submitting the Employer’s Registration Form (Form-01) along with supporting documents such as a copy of the PAN card, a copy of the memorandum and articles of association, and a copy of the partnership deed (if applicable).

2. Obtain the Employee Registration Certificate (ERC) by submitting the Employee’s Registration Form (Form-01) along with supporting documents such as a copy of the employee’s Aadhar card, a passport-sized photograph, and a copy of the bank passbook.

3. Pay the ESIC contribution on a monthly basis, which is based on a percentage of the employee’s salary. The contribution is split between the employer and the employee, with the employer contributing 4.75% of the employee’s salary and the employee contributing 1.75% of their salary.

4. Submit the ESIC returns on a half-yearly basis, which includes details such as the employee’s salary, the ESIC contribution made by the employer and the employee, and any changes in the employment status of the employees.

ESIC registration is important as it ensures that employees working in factories and establishments receive social security benefits such as medical care and disability benefits. It also helps employers comply with their legal obligations under the ESIC Act, 1948, and avoid penalties for non-compliance.