PF & ESIC Applicability

Dear Folks,
What is the applicability & liability of PF & ESIC? We have a group company which we started recently in FMCG. now the number of employee is more then 20 in that company. We have taken PT registration but we have not taken PF & ESIC yet. What if we apply for the same after 6 month getting the idea on future of the company.
What will be the effect on employer.
Also let me know, what are the other ways to solve this issue.
Warm Regards,
Mamta

Hi Ms. Mamta
As already you have 20 employees you have to get enrolled with ESI & EPF. If at all you delay then you may have to pay the back wages with interest & penal charges
There is no excuse in ESI & EPF. It is advisable to initiate immediately

When you reached 20 employees you must apply for PF..It is mandatory for all the startup companies. Otherwise penalty will be there.