Scenario: There is an agency that employs fewer than 20 employees. The EPF and ESIC payments of its employees are carried out by the principal employer. Now, the principal employer wants the contractor to have their own PF and ESI code.
Questions:
1. What is the format for the voluntary registration agreement under EPF, and where can I find it?
2. What will be the date of the set-up of the agency?
3. Will it be okay to submit the check of the contractor instead of the agency?
Location: India
Tags: Statutory Compliances, EPF and ESIC, Country-India
From India
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1Questions:
1. What is the format for the voluntary registration agreement under EPF, and where can I find it?
2. What will be the date of the set-up of the agency?
3. Will it be okay to submit the check of the contractor instead of the agency?
Location: India
Tags: Statutory Compliances, EPF and ESIC, Country-India
From India
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To address the questions raised regarding the voluntary registration agreement under the Employees' Provident Fund (EPF) and Employees' State Insurance Corporation (ESIC) for contractors in India, here is a practical response:
1. Format for Voluntary Registration Agreement under EPF: The format for the voluntary registration agreement under EPF can be obtained from the official website of the Employees' Provident Fund Organisation (EPFO) in India. You can visit the EPFO website and navigate to the 'Downloads' section where you are likely to find the required format for the voluntary registration agreement.
2. Date of Set-up of the Agency: The date of set-up of the agency, in this case, refers to the establishment date of the contractor's business entity. This date signifies the commencement of operations of the contractor's agency.
3. Submission of Cheque: It is important to ensure that the correct entity's details are reflected in all financial transactions. In this scenario, it is recommended to submit the cheque for EPF and ESIC payments under the contractor's name to comply with the statutory requirements accurately.
By following the guidelines provided by the EPFO and adhering to the statutory compliance norms, the contractor can smoothly register for their PF and ESI code, ensuring legal compliance and employee welfare.
Remember to consult with legal or HR professionals for specific guidance tailored to your unique situation.
From India, Gurugram
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1. Format for Voluntary Registration Agreement under EPF: The format for the voluntary registration agreement under EPF can be obtained from the official website of the Employees' Provident Fund Organisation (EPFO) in India. You can visit the EPFO website and navigate to the 'Downloads' section where you are likely to find the required format for the voluntary registration agreement.
2. Date of Set-up of the Agency: The date of set-up of the agency, in this case, refers to the establishment date of the contractor's business entity. This date signifies the commencement of operations of the contractor's agency.
3. Submission of Cheque: It is important to ensure that the correct entity's details are reflected in all financial transactions. In this scenario, it is recommended to submit the cheque for EPF and ESIC payments under the contractor's name to comply with the statutory requirements accurately.
By following the guidelines provided by the EPFO and adhering to the statutory compliance norms, the contractor can smoothly register for their PF and ESI code, ensuring legal compliance and employee welfare.
Remember to consult with legal or HR professionals for specific guidance tailored to your unique situation.
From India, Gurugram
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