Labour Welfare Fund (LWF) Registration

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Overview

✔ The LWF is a welfare initiative aimed at offering financial assistance and various benefits to workers across specific sectors or occupations.

✔ In some states, contributions to the Labour Welfare Fund (LWF) are mandatory for both employers and employees.

✔ Its primary goal is to enhance the overall well-being, living standards, and working conditions of workers and their families.

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Features of ESIC

Eligibility

Companies or establishments must meet specific criteria to fall under the Labour Welfare Fund (LWF) scheme, such as employing a minimum number of workers or operating within designated industries.

Contributions

Employers are required to contribute to the LWF, with the contribution amount and payment frequency governed by state-specific laws and regulations. In many cases, employees also contribute a nominal amount.

Benefits

Registered organizations may access various benefits under the LWF, including financial assistance for employee welfare initiatives and development programs.

Record-Keeping

Employers are expected to maintain accurate and up-to-date records of all LWF contributions and related documentation for compliance and audit purposes.

Penalties

Failure to register or adhere to the requirements of the LWF scheme can result in penalties, legal consequences, and potential damage to the organization’s reputation.

Documents Required

Required in Soft Copy Only

Documents for Applicant

PAN Card of Business and all Employees
Details of all employees, including name, age, gender, salary, and bank account information
Proof of contribution, such as a receipt or bank statement showing the payment of ESIC contributions
Registration Certificate under Factories Act, or Shops and Establishment Act.
Incorporation Documents
Cancelled Cheque of Applicant
A list of all the employees, List of directors of the company, List of the shareholders of the company.
The compensation details of all the employees & a register containing the attendance of the employees.

Required in Soft Copy

Business Address Proof

Address Proof (Owned) [Sale Deed ( Ownership Documents), Electricity Bill / Propert Tax]
Address Proof (Rented) [Rent Agreement , Electricity bill, NOC from Owner of the premises]

MANDATORY REGISTRATIONS

NEED BASED REGISTRATIONS / LICENCES

Fssai Registration

INTELLECTUAL PROPERTIES

TRADEMARK

PATENT

COPYRIGHT

DRAFTING

Income Tax return ( ITR ) Filing

For Capital Gain

TDS / TCS ( E commerce ) Compliances under GST

GOODS AND SERVICES TAX ( GST )

TDS / TCS

COMPANY COMPLIANCE

ANNUAL COMPLIANCE

ONE TIME COMPLIANCE

EVENT BASED COMPLIANCES

REGULAR COMPLIANCES

LLP COMPLIANCE

POST INCORPORATION COMPLIANCES

EVENT BASED COMPLIANCES

CONVERSIONS

ACCOUNTING & BOOK-KEEPING