Dear All,
I hear big organization own a kind of Group Provident Fund, where employer only will maintain employees pf contribution and it shall be paid to employee as and when he leaves the company. I only knew this information. please any one suggest me. Can an employer maintain such fund? If so should the organization be registered under EPF or not? Can we get any exemption to register under EPF if we maintain such fund.?
--
Vishwanath
From India, Hyderabad
19I hear big organization own a kind of Group Provident Fund, where employer only will maintain employees pf contribution and it shall be paid to employee as and when he leaves the company. I only knew this information. please any one suggest me. Can an employer maintain such fund? If so should the organization be registered under EPF or not? Can we get any exemption to register under EPF if we maintain such fund.?
--
Vishwanath
From India, Hyderabad
Ya Really good question as i know several Big companies maintain provident fund Trust but not group provident fund.... please clarify this.. Regards, Ramkishore
From India, Bangalore
From India, Bangalore
Dear Vishwanath,
I don't know details of the above scheme. But as per section 27of the EPF & MP Act 1952, exemption from the operation of the scheme/s framed under the Act to an establishment , to a class of employees and to an individual employee, as the case may be granted; if the said employees are covered with equal or better benefits.
Abbas.P.S
From India, Bangalore
I don't know details of the above scheme. But as per section 27of the EPF & MP Act 1952, exemption from the operation of the scheme/s framed under the Act to an establishment , to a class of employees and to an individual employee, as the case may be granted; if the said employees are covered with equal or better benefits.
Abbas.P.S
From India, Bangalore
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc