We Are A Start Up And Need To Know What Compliance Are Applicable

khush25
I am an HR in a Start up company which is Pvt Ltd . We are 19 employees. I need to know if we are eligible for PF and what are the criteria for PF and ESIC if applicable.
Please revert me ASAP..
Regards
HR
jsnegi
PF will be applicable on 20 employees, ESIc is applicable to your establishment as esic applicable on 10 employees.
Vadhi Raj
Hi,
In my opinion, let me add to the above, the compliances required from your end on the above topic, are as follows:
1. PF - if the number of employees in a month (including new joiners and employees left and contract labour) exceeds 19 at any time during the month.
2. ESIC - if the number of employees exceeds 10 in a months
3. Shops and establishment (Labour Act)
4. Profession Tax registration for both Employer and employee and regular deduction of requisite amount and timely payment to the department
5. Any other Act if applicable for employing labour on contract basis.
dmc123
Dear Khush25,
In addition to above Acts, the state acts will apply where your establishment is located. In which state are you operating from? You have to pay the wages as per the Minimum wages Act as per the schedule of employment in which your activity falls. Plus the dearness allowance which is declared by the Govt of that particular state. The Payment of Bonus Act and Payment of Gratuity Act will apply too. In case your compnay is in an ESI notified area, then ESI Act will apply, otherwise not. In that case Employees compensation Act will be applicable. Other Acts like PF will apply after the number of employees has crossed 20.
Shrikant_pra
Do mention the state you operate in. Few laws & rules are state specific. As such this info is import.
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