A provident fund is created with a purpose of providing financial security and stability to elderly people. Generally one contributes in these funds when one starts as employee, the contributions are made on a regular basis (monthly in most cases). It’s purpose is to help employees save a fraction of their salary every month, to be used in an event that the employee is temporarily or no longer fit to work or at retirement. The investments made by a number of people / employees are pooled together and invested by a trust.
synmac.in can help your business obtian ESI Regisration in 12 to 20 days, subject to Government processing time.
An Synmac ESI Expert will prepare your ESI Application along with the necessary supporting documents that needs to be submitted for ESI Regisration.
Once the application is prepared and submitted, the concerned ESI Office will process the application and may request for more information or documents.