New Company Start Up - Only 5 Employees - Can We Create An EPF Account

We are a newly launched company with 5 people. How do we go about with PF contribution for employees and can we have an employer account for it.
Thanks

Yes, You can enroll for both ESI & EPF as voluntary enrolment if the management decides to offer benefits to employees

There is no provision for voluntary coverage under ESI scheme.But you can go for it under EPF Act. under Section 1 (4).

Dear Sandhya ,
The minimum number of employees for coverage of establishment under EPF&MP Act 1952 is 20. However you can have voluntary coverage.Once covered establishment will remain covered even if the strength goes down to one.Compliance will have to be done regularly. In ESI Act 1948 there is provision for voluntary coverage unless establishment has twenty employees.
Honestly I will advise you not go for voluntary coverage. Do not invite AAA BAAIL MUJHE MAAR.
With Regards
RL Dhingra ,Advocate,
Labour Law Consultant,Delhi
09818309937

Dear All
in my reply , for the coverage under ESI I have mentioned 20 employees , , it be read as TEN , sorry for the inconvenience .
RL Dhingra ,Advocate,
Labour Law Consultant,Delhi
09818309937