In a company, which department is responsible for operating the PF accounts of employees - HR department or 'Finance & Accounts' department? If it is a joint responsibility, who is responsible for which part of the work? For example, if filling PF forms from employees is HR's responsibility, who is responsible for opening the PF account and the statutory compliance? Please clarify!
Thanks & Regards,
Pallavi
From India, Mumbai
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Thanks & Regards,
Pallavi
From India, Mumbai
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Dear Pallavi, Generally it is HR’s responsibility but if there is no Personnel Departmrnt then it is the Finance Department’s responsibility. With Regards, Vineet Deshmukh
From India, Yavatmal
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25From India, Yavatmal
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Thanks to both of you for the replies. I have another question: Our company is a start-up, and we need to open our company PF account with the PF office. Who is responsible for opening the company PF account with the PF office—HR or Finance?
Best Regards,
Pallavi
From India, Mumbai
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Best Regards,
Pallavi
From India, Mumbai
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Normally, PF, ESI, etc., related matters are handled by the HR/Personnel department of a company, and the Finance department supports them by making funds available for the liability to be paid and getting it deposited. The legal formalities, registrations, form-filling, etc., have to be done by the HR/Personnel department only.
In a startup, you can discuss with the management and fix the responsibilities that each of the departments would be handling. I hope this would help you.
Thanks,
Regards,
Avika Kapoor
General Manager - Business Development
E-174, Kalkaji, New Delhi-110019
[Phone Number Removed For Privacy Reasons]
Website: http://www.kapgrow.com
From India, New Delhi
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In a startup, you can discuss with the management and fix the responsibilities that each of the departments would be handling. I hope this would help you.
Thanks,
Regards,
Avika Kapoor
General Manager - Business Development
E-174, Kalkaji, New Delhi-110019
[Phone Number Removed For Privacy Reasons]
Website: http://www.kapgrow.com
From India, New Delhi
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