EPF Registration
This query is : Resolved
11 May 2010
Dear All,
Good Evening...
I am Babu, working as an Accountant in a Pvt. Ltd company nature of work is ENGINEERING CONSULTANCY. my query is our employees are including 2 directors 18. directors are taking remuneration. for 16 employees can we register for EPF. it is possible or not.
Pl. I am waiting you valued reply for registering EPF.
Thanks,
Babu
Good Evening...
I am Babu, working as an Accountant in a Pvt. Ltd company nature of work is ENGINEERING CONSULTANCY. my query is our employees are including 2 directors 18. directors are taking remuneration. for 16 employees can we register for EPF. it is possible or not.
Pl. I am waiting you valued reply for registering EPF.
Thanks,
Babu
Ram Avtar Singh
(Expert)
11 May 2010
EPF applicable on Total number of employee 20 or above .
11 May 2010
The Employees’ Provident Funds and Miscellaneous Provisions Act, provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of his/her early death. Its applicability: It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:
a) every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed;
b) every other establishment employing 20 or more persons or class of such establishments which the Central Govt. may notify;
c) any other establishment so notified by the Central Government even if employing less than 20 persons.
Every employee, including the one employed through a contractor (but excluding an apprentice engaged under the Apprentices Act or under the standing orders of the establishment and casual laborers), who is in receipt of wages up to Rs.6,500 p.m., shall be eligible for becoming a member of the funds. The condition of three months’ continuous service or 60 days of actual work, for membership of the scheme, has been done away.
20 emplyee is necessary for EPF registration.
The Employees’ Provident Funds and Miscellaneous Provisions Act, provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of his/her early death. Its applicability: It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:
a) every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed;
b) every other establishment employing 20 or more persons or class of such establishments which the Central Govt. may notify;
c) any other establishment so notified by the Central Government even if employing less than 20 persons.
Every employee, including the one employed through a contractor (but excluding an apprentice engaged under the Apprentices Act or under the standing orders of the establishment and casual laborers), who is in receipt of wages up to Rs.6,500 p.m., shall be eligible for becoming a member of the funds. The condition of three months’ continuous service or 60 days of actual work, for membership of the scheme, has been done away.
20 emplyee is necessary for EPF registration.
11 May 2010
If we are going to registering with 16 employees there is any problem.
11 May 2010
You cant register with 16 employees
11 May 2010
WELCOME DEAR.
11 May 2010
IF YOU HAVE ANOTHER GROUP COMPANY.......THEN EMPLOYEE OF BOTH CAN BE TAKEN TOGETHER...
11 May 2010
THEN IT IS NOT POSSIBLE DEAR.....AS FAR AS I KNOW.....
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Ram Avtar Singh
(Expert)
12 May 2010
I read in news at caclubindia that ESI applicable up to 10 employee now ESI act amended either using power or not.
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