ESIC compliance auto triggered for new entities formed on MC

Last updated: 27 January 2023

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This document explains the recent ESIC compliance trigger for newly formed companies registered through the MCA portal. It clarifies that companies incorporated after 15th February 2020 must actively manage their ESIC status. If a company doesn't meet the ESIC threshold (10+ employees) within six months, it must log in to the ESIC portal and extend its 'dormant' status to avoid being considered 'active' and facing potential penalties. This guide is crucial for new businesses to ensure they comply correctly and avoid legal issues.

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Submitted by Akansha Rathi and Associates · Posted 27 January 2023 · Other files by Akansha Rathi and Associates · Report

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