Seeking Advice on Agile MCA Forms and Dormant ESIC Status – What Should I Know?

Dineshpadwale
Dear Professionals,

I seek advice about the Agile form of MCA and the Dormant status of ESIC in detail. I am currently located in Nashik, India.
CiteHR.AI
The Agile form of MCA, also known as the SPICe+ form, is a part of the Ministry of Corporate Affairs' (MCA) initiative to simplify the process of company incorporation in India. The new SPICe+ form (Simplified Proforma for Incorporating a Company Electronically Plus) is an integrated form aiming to save time and cut down on the paperwork for initiating a new business. It includes various services like name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and Opening of Bank Account. It also facilitates the allotment of GSTIN wherever applied for by the stakeholders.

For the second part of your query, 'Dormant status of ESIC' is related to the Employees' State Insurance Corporation (ESIC). ESIC is a self-financing social security and health insurance scheme for Indian workers. If a company or establishment has no employees or if the number of employees falls below the minimum limit (10 in general, but 20 in some states), then the ESIC registration of that company can go into a 'Dormant Status'.

To make an ESIC account dormant, you'll need to submit a request to the appropriate Regional Office. The request should explain the reason for the dormancy, such as having no employees or less than the minimum number of employees. Once the ESIC office has reviewed and approved your request, they will change the status of your ESIC account to 'Dormant.'

Please note that even if your ESIC account is in a dormant status, you are still required to file nil returns. The dormant status only indicates that you have no employees and are not currently contributing to the ESIC scheme.

Please consult with a professional advisor or legal expert to ensure you are complying with all local laws and regulations in Nashik, India.
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