The ESI Corporation has amended the regulations with effect from 1 April 2008 regarding Form No. 5 - Return of Contributions. Some of the salient changes include self-declaration by the employers regarding the maintenance of records and registers, submission of declaration forms, distribution of temporary/permanent identification cards, coverage of employees directly or through immediate employers, and wages paid to workers.
1. All employers employing 40 or more employees shall have to append a certificate duly certified by a Chartered Accountant in the revised format of Return of Contributions.
2. All employers employing fewer than 40 employees will have to provide self-certification without any certification by a Chartered Accountant.
1. All employers employing 40 or more employees shall have to append a certificate duly certified by a Chartered Accountant in the revised format of Return of Contributions.
2. All employers employing fewer than 40 employees will have to provide self-certification without any certification by a Chartered Accountant.
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