Pf arrears

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This query is : Resolved

V Subramanian (Querist)

08 January 2012 I am a retired executive of 62 years age. I had worked in a group which transferred my services to its different companies back and forth. Due to this my PF was tranferred from earlier company to transferred new company several times.

Finally when I came out of the group, I got PF settlement from the last worked company. I found the amount was not good considering my service in the group.
Later I found out that everytime I got into a new company, my PF No. got changed. And during one of my PF transfers from company C back to company A, the transfer did not take place - due to my PF No. in Company A was already closed.
So I presume, it was returned back to Company C account.
For me, company A gave new PF No. and started fresh. Only this account balance I got at the time of my exit from the group.
By the time I realised this, the company C got wound-up. Now I am unable to get the balance from the wound-up comany C Pf a/c.
This case is about 30 years old (1992). Any way to trace the money and get it now.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)

08 January 2012 Yours' is a peculiar case, sir.
Whenever the transfer takes place, it should have been transferred correctly.
every year, it is a mandatory for companies to give a statement showing opening balance, during the year earnings, interest earned, closing balance etc. I doubt, whether you got that statement every year or not?
If you are having that, you can proceed to get back the amount for which you are eligible.
Getting PF is not entirely depending on the company liquidation, because it will be deposited with PF organisation.From there, you can get full details,
pl. proceed accordingly.

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