LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

How to Withdraw PF in Case Company Close and KYC is Not Done

Ravi SADhiyan (Practice) (4510 Points)

22 August 2020

Dear All Respected Member

Kindly tells me how to Withdraw PF Balance in case company is closed and KYC is pending

And Company Head Office was in Mumbai

Thanks with Regrads

Ravi SADhiyan

Reply
Follow
Share

2 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 23 August 2020

As per view, Withdrawal of PF can be done online, but as your KYC is pending it can not be done online.

You have to apply offline/physical form at your EPFO office branch.
In COMPOSITE CLAIM FORM (NON-AADHAAR) with other documents as required to be attached.(i.e mentioned in form itself like Your KYC documents, address proof, Salary slip/form 16, cancelled cheque ect.) along with one reason letter, for using this Direct method (as in your case it's due to closing of Co.)

As your company is closed, so, employer do not verify, You have to attest your EPF withdrawal form from other credible authorities. These authorities are –
Manager of a bank.(Advisable, use this and preferebly it's that branch, where you have salary account)
Any gazetted officer.
Member of the Central Board of Trustees./ committee/ Regional Committee (Employees’ Provident Fund Organization).
Magistrate/ Post/ Sub Post Master/ President of Village Panchayat/ Notary Public

1 Like