Dear Sujatha,
I think EPF authorities has not updated the new guidelines in their website.
Please see the below newsletter which i got from Naukri
EPF Approved For Businesses With Ten Or More Employees
In a significant decision, government has approved the proposal for bringing businesses with ten or more employees under the realm of Employee's Provident Fund (EPF). Earlier, the limit was of twenty or more workers. There has been no decision on revising the rate of interest of the EPF corpus fund for the year 2008-09. Under the new decision, any business with ten or more employees will have to deduct EPF and make a matching contribution.
Source: 05-07-08 PTI - Press Trust of India Compiled by www.naukri.com
Regards
Binu
From United States
1I think EPF authorities has not updated the new guidelines in their website.
Please see the below newsletter which i got from Naukri
EPF Approved For Businesses With Ten Or More Employees
In a significant decision, government has approved the proposal for bringing businesses with ten or more employees under the realm of Employee's Provident Fund (EPF). Earlier, the limit was of twenty or more workers. There has been no decision on revising the rate of interest of the EPF corpus fund for the year 2008-09. Under the new decision, any business with ten or more employees will have to deduct EPF and make a matching contribution.
Source: 05-07-08 PTI - Press Trust of India Compiled by www.naukri.com
Regards
Binu
From United States
Dear All,
I also have similar doubt. In case of manufecturing unit when we should go for PF registration, during construction phase or should we wait for production to start please guide me its urgent. We have around 140 employees on our roll but have not done PF registration as we are under construction and production is still 4-6 months away from now. Please guide me.
Regards,
From India, Bangalore
I also have similar doubt. In case of manufecturing unit when we should go for PF registration, during construction phase or should we wait for production to start please guide me its urgent. We have around 140 employees on our roll but have not done PF registration as we are under construction and production is still 4-6 months away from now. Please guide me.
Regards,
From India, Bangalore
Hi Binu,
As per the Law you required to register under the PF & Misc. Act only when your total strenght crosses 19 i.e. 20 or more till today. The amendmend of 10 person is passed in EPFO board meeting and still has to pass in the Parliament & hopefully it wil take effect from Nov/Dec'08. In the sister concern u have 19 employee right now, one more recruitment will compell u to register. If u have 19 or less employee & still want to reg. u can get a voluntary coverage. I think no. of person confusion is over now.
You are require to deposit a draft in fabour SBI A/c EPF along with your application for coverage.
I am a company consultant covering Gurgaon-Delhi region if u want more can contact me on 09810395907 or mail at
Thanks
P.B.Paul
From India, Delhi
As per the Law you required to register under the PF & Misc. Act only when your total strenght crosses 19 i.e. 20 or more till today. The amendmend of 10 person is passed in EPFO board meeting and still has to pass in the Parliament & hopefully it wil take effect from Nov/Dec'08. In the sister concern u have 19 employee right now, one more recruitment will compell u to register. If u have 19 or less employee & still want to reg. u can get a voluntary coverage. I think no. of person confusion is over now.
You are require to deposit a draft in fabour SBI A/c EPF along with your application for coverage.
I am a company consultant covering Gurgaon-Delhi region if u want more can contact me on 09810395907 or mail at
Thanks
P.B.Paul
From India, Delhi
A good compilation.In the following message, ceiling of salary is missing. You must pay PF on salary of Rs.6500/ per month. If salary is more, you may restrict PF payment to Rs.6500/- or you may pay on full salary.
In case of EDLI, you may pay to PF organisation or take a Policy offerred by Life insurance corporation
Regds,
AG Desai
From India, Madras
In case of EDLI, you may pay to PF organisation or take a Policy offerred by Life insurance corporation
Regds,
AG Desai
From India, Madras
You must pay PF on salary of Rs.6500/ per month. If salary is more, you may restrict PF payment to Rs.6500/- or you may pay on full salary.
In case of EDLI, you may pay to PF organisation or take a Policy offerred by Life insurance corporation
Regds,
AG Desai
Regds,
AG Desai
From India, Madras
In case of EDLI, you may pay to PF organisation or take a Policy offerred by Life insurance corporation
Regds,
AG Desai
Regds,
AG Desai
From India, Madras
Dear Sir
Our Company Registered under companies act at Chennai. Our Branches are in Andhrapradesh also. Recently we received a notice from EPF enforcement officer regarding EPF Registration for one of the Andhrapradesh Branch. So, I request you kindly tell me where should we register EPF whether in Andhra or in Chennai.
Thanking you
Prabhakar Reddy
From India, Nellore
Our Company Registered under companies act at Chennai. Our Branches are in Andhrapradesh also. Recently we received a notice from EPF enforcement officer regarding EPF Registration for one of the Andhrapradesh Branch. So, I request you kindly tell me where should we register EPF whether in Andhra or in Chennai.
Thanking you
Prabhakar Reddy
From India, Nellore
Hi,
Pls explain it once again in layman term... I did not understand...
Mine is a 19 employee comp. according to new laws PF has to be given if the No. of employee is 10 or more. Now i need to start the formalities of getting my comp registered for the same.
Pls explain how can i go abt doing so.. What is the procedure & how & where do i go to get the things done..? how long will it take me to enroll my comp. under this act?
Pls do reply
Thank you
From India, Chandigarh
Pls explain it once again in layman term... I did not understand...
Mine is a 19 employee comp. according to new laws PF has to be given if the No. of employee is 10 or more. Now i need to start the formalities of getting my comp registered for the same.
Pls explain how can i go abt doing so.. What is the procedure & how & where do i go to get the things done..? how long will it take me to enroll my comp. under this act?
Pls do reply
Thank you
From India, Chandigarh
Dear Mr. Srinivas B. & Friends,
Recently, I established on HR Consultancy which will be provide manpower to various sector. Right now I don't have any staff, but gradually it will start as depend upon work. I want to know how can I registered with EPFO and ESIC for employee welfare. Please guide me and provide me full details. Is it possible to registered online or not.
Regards,
Imran
From India, Imphal
Recently, I established on HR Consultancy which will be provide manpower to various sector. Right now I don't have any staff, but gradually it will start as depend upon work. I want to know how can I registered with EPFO and ESIC for employee welfare. Please guide me and provide me full details. Is it possible to registered online or not.
Regards,
Imran
From India, Imphal
Dear All, Can anyone please tell me how to register an employee under PF when he enters his duty for the first time...?
From India, Bangalore
From India, Bangalore
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Registration for EPF-Procedures & documents.docx
EPF registration Procedure.pdf