05 January 2024
We have a new company formed in October 2023. The operations of the company has not started and the company is dormant as of now. We have not created any registration on ESIC portal as there are no employees recruited. Do we have to update the dormant status as there is penalty for not doing the same? How do we do that?
14 January 2024
I hope even if there is are no employee contribution , the Employer needs to submit a NIL Declaration to ESIC Department. Non-Filing or Late Filing of Return may attract legal consequences and penalty. Under ESIC a half-yearly Return need to file for the period of every six months.
CAclubindia
