A person had balance in his PF a/c which is contributed by both his employer and himself. But after retirement, he did not withdraw the amount. No interest is being credited to this a/c. Is this allowed???
i.e. balance at the time of retirement and five years then is same.....
Dear Sir,
I want format of power of attorny to work on behalf of individual in India for all work.
dear all.
I am working in a concern as a junior manager,where there are 250 employees.
most of them are getting salary between the sleb of 5000-7500 and some are on more then that.
so please suggest me how to apply PF act in our entity and apply to whom with ESI also with the rate of contribution.
SUPOSE THERE R TWO MANUFACTURING UNITS NAME "A" & "B" IN DIFFRENT STATES WITH UNDER THE SAME MANAGEMENT "A" IS SELLING THE FINISHED GOODS TO "B". "A" IS SELLING ITS RODUCT IN THE SAME STATE TO ANOTHER CUSTOMER ALSO. BUT "A" IS SELLING THE GOODS TO "B" AT LOWER PRICE THEN THE CUSTOMER. PLZ LET ME KNOW WHTHER THERE ANY PROVISION THAT A MANUFACTURING UNIT WILL NOT BE ABLE TO SELL THE PRODUCT TO ITS SISTER CONCERN AT THE LOWER PRICE THAN TO THE CUSTOMER
can anyone provide me with sample trust deed of a charitable institution registered under income tax act.
Hey... Can any one tell me whether subsidiary company can buy back its own shares????????
Employees who have crossed 58 need not covered for PF (if my understanding is correct), however what happens if the employee is an international worker, do they have to be covered for PF.
Secondly on the withdrawal part can this amount be withdrawn at the end of their tenure in the Indian company what rules apply
i am having a proprietorship firm and doing the construction business. i have around 14 employees out of around 12 employees have salary less then 10,000/- pm.
i have some questions regarding applicability of ESI act.
1. are the construction firms covered under this act ? out of total 14 staff around 9 are supervisors. although all the labour is provided by contractor so no labour included in these 14 staffs.
2. what if we increase the salary of some staffs now and pay more then 10,000/- , although we had already paid them two months salary in this year.
one of partnership firm having 2 partners.now i want to transfer this firm to other persons(other 2 person) by becoming them partner and retiring existing 2 partner.
My que are:
1)Is it possible to first retired existing 2 partner and admit new 2 partners or first admit new 2 partner and then retire old 2 partner?
2)Plz give me partnership deed format for above.
plz guide me.
URGENT
As per ESIC act, it is applicable to the entity only when entity have greater than or equal to 20 employees whose salary lower that the limit prescribed in act ( at present it is 150000)
Is this what esic act says , pl advice with act
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Interest on Provident Fund