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In the Name of Ease of business: MCA, EPFO, and ROC made a faulty system of registration

We all are well aware that India is changing its archaic systems to comply with International systems. Adopting a philosophy of one-point resolution of all the problems which are faced by young entrepreneurs. These changes can also be seen in India’s investment process or the government’s initiatives to promote entrepreneurship.

There are changes to facilitate entrepreneurs to register under both ESIC and EPFO at the registration of a Private Limited company. So, there is no extra effort for the business owner to run to multiple government offices. The option was added to Spice forms, which are for registration of Private Limited Company. These options can be treated as a convenience for the company owners who have exceeded twenty employees; but what happens to those employers who haven’t done registration at the time of registration of the company.

ESIC has a post-registration process

In ESIC, there is a procedure for post-registration. After registration of a company as a Private Limited firm.

EPFO lacks procedure 

In EPFO, there is no procedure for the company’s post-registration in India, which can be termed as a faulty system altogether.

Even on the website of EPFO, there is a notice for visitors, which mentions that all the registration shall be done on the website of MCA – Ministry of corporate affairs. The companies that are registered under the period of coronavirus, those companies have no option to register for EPFO. To correct the procedural mistake, there were complaints made to both EPFO Employees’ Provident Fund Organization and MCA – Ministry of Corporate Affairs. The response of the same is awaited for two weeks.

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Written by Ojasvi Taak

His name is Ojasvi Taak, currently pursuing law in his final year of the B.A.LL.B (H) integrated course. He wants to write and is inclined towards journalism and studies law to gain an insight of what makes the world, the way it is.

He is a product of multilingual north indian cultures and believes in not restricting oneself in one colour. An avid reader of indian history and philosophy, always tries to make sense of what was and what is. He thinks he can create art in the form of sketches and painting. He is always open to expand his horizons and is also a lover of travel. He wants to use his voice to make people aware about their rights.

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