One of our company employee applied to transfer his PF to his new company. Being an exempted establishment, he submitted one copy of Form 13 (revised) to Regional PF office and one copy to the company. His pension details has been transferred though his PF was not transferred due some unknown reason from the PF trust to his new PF account which was held with EPFO. Now the employee has joined a third company and he now wish to transfer his 2nd company PF & pension to the third company. As PF amount is still lying with 1st companies PF trust although pension has been transferred. Is it possible to transfer the PF amount from trust to the 2nd company as the employee has not yet transferred his PF & Pension from 2nd company to the third company.
Pl. advise.
From India, Guwahati
1Pl. advise.
From India, Guwahati
for trust fund the form 13 ( or as per the trust) has to be submitted to trust, as the trust has no direct accountability to EPFO
it seems that trust maintained the EDLI and EPS with EPF but maintained the main corpus of a/c 1 with themselves only. so the employee can either withdraw the a/c 1 or submit claim to trust only to make transfer
it seems that trust maintained the EDLI and EPS with EPF but maintained the main corpus of a/c 1 with themselves only. so the employee can either withdraw the a/c 1 or submit claim to trust only to make transfer
Dear Mr. Sharma,
I got your point, but what I wanted to know sir is that the person has already transferred his pension from company 1 to company 2 and now he has joined company 3. while transferring from 1st company to 2nd company he did submitted Form 13(revised) to the 1st company trust and a copy to EPFO for pension transfer. but due to some reason his PF was not transferred from the trust to the 2nd company and is still held in the trust account. therefore is it now possible to transfer the PF amount to the 2nd company PF account although pension is already transferred from 1st company to 2nd.
From India, Guwahati
I got your point, but what I wanted to know sir is that the person has already transferred his pension from company 1 to company 2 and now he has joined company 3. while transferring from 1st company to 2nd company he did submitted Form 13(revised) to the 1st company trust and a copy to EPFO for pension transfer. but due to some reason his PF was not transferred from the trust to the 2nd company and is still held in the trust account. therefore is it now possible to transfer the PF amount to the 2nd company PF account although pension is already transferred from 1st company to 2nd.
From India, Guwahati
from the case situation it is assumed that the trust availed the EPS and EDLI services of EPF but hold the main corpus with them only
in trust based PF. EPFO has no role , but only the trust can either pay or transfer the fund to asked fund on receipt of requisite form/s from the member
in trust based PF. EPFO has no role , but only the trust can either pay or transfer the fund to asked fund on receipt of requisite form/s from the member
regarding transfer , any routemap can be opted, 1 to 2 to 3 or 1 to 3 direct, just the member has to submit the transfer claim to trust , and not to EPFO
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.