New companies incorporated through SPICe+ and thereby have obtained EPFO/ESI numbers will have to file statutory returns only when they cross thresholds prescribed under the relevant Acts. The Ministry of Corporate Affairs notified the SPICe+ web form for the purpose of ease of doing business. The SPICe+ web form aims to reduce the procedures, time, and cost for all new company incorporation. The Ministry of Corporate Affairs further gave a clarification that the new companies incorporated through SPICe+ and have thereby obtained EPFO/ESI numbers wi..
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 29th March, 2019 G.S.R (E)._ In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 201.3 (1.8 of 2013), the Ce..
Central Board of Trustees, EPF recommended crediting of 8.65% rate of interest on Accumulations in the EPF Member’s Account for the year 2018-19 Posted On: 21 FEB 2019 6:03PM by PIB Delhi The 224th meeting of the Central Board of Trustees, EPF was held here today under the chairmanship of Union Minister of State for Labour and Employment (I/C) Shri Santosh Kumar Gangwar. The Central Board recommended crediting of 8.65 % rate of interest on the EPF accumulations in the EPF member’s account for the year 2018-19. The Central Board ratified..
New Initiatives by EPFO to provide services and timely information to all stake holders EPFO has taken a number of e-initiatives to provide services and timely information to all its stakeholders in tune with the government’s motto of minimum government and maximum governance. It has now been decided to publish the age-band wise estimate of all new subscribers as declared by their employers. The new employees have been categorised in six age bands like less than 18; 18-21; 22-25..
Employees’ Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App. This is in addition to the existing web facility already available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR. The facility on e-KYC Portal has further added a new feature to link UAN with Aa..
On the eve of Deepawali, Employees’ Provident Fund Organisation (EPFO) is pleased to introduce a new facility for its esteemed members having Universal Account Number (UAN) and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services. The facility has been made available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR. ..
Shri K.K. Jalan, Central P.F. Commissioner while reviewing the performance of EPFO for the month of January, 2015 noted that the organization has settled 11.05 lakh claims. 73% of the claims were settled within 10 days and 93% within 20 days. With this, the total claim settlement for the current financial year 2014-15 stood at 1.08 crore by January end. 91% of these claims were settled within 20 days signifying the organization’s readiness to settle all claims within 20 days as per the new standards to be implemented later on. Also, the organization was ab..
The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee's Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will undertake a Pilot Study Project with EPFO to support it in its initiative to migrate to Accrual Based Accounting System. The project with EPFO represents the first phase wherein the ICAI ARF will study EPFO's existin..