What exactly amendment Employees' Provident Funds (Fifth Amendment) Scheme, 2014. has been made can anybody brief it
From India, Mumbai
1From India, Mumbai
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Dear Ajjoshi,
Para 60 of the EPF scheme 1952 deals with interest. By this amendment, sub-para (6) is inserted in this paragraph 60, which states that when an application for settlement of a claim is received in respect of an inoperative account and there is a delay of more than 30 days from the receipt of such application, interest is payable in the inoperative account. This interest is payable for the delayed period beyond 30 days in accordance with sub-para (2).
From India, Mumbai
Para 60 of the EPF scheme 1952 deals with interest. By this amendment, sub-para (6) is inserted in this paragraph 60, which states that when an application for settlement of a claim is received in respect of an inoperative account and there is a delay of more than 30 days from the receipt of such application, interest is payable in the inoperative account. This interest is payable for the delayed period beyond 30 days in accordance with sub-para (2).
From India, Mumbai
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