New Delhi, March 5, 2017
Companies will soon have to fill just a single common form to enrol themselves with retirement fund body EPFO and state insurer ESIC. The government is planning to introduce this common registration form soon and the basic idea is to make the job easier for firms by cutting down layers of paperwork they go through for the process of registration.
“We are working on a single composite form for registration with the Employees’ Provident Fund organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC) which will be used by employers,” a senior official said.
This form is expected to reduce the tedious work of filling multiple forms for registering with these two social security bodies and improve ease of doing business.
[The Hindu Business Line]