If any employee has been terminated due to fraudelent activity and he /she has purposefully made some damage to the comapnys asset. can the management adjust from the employee pf fund.
From India, Hyderabad
From India, Hyderabad
Dear Rekha, In case or so no organisation can even touch the employee PF fund, as per my knowledge. Regards RAvindra
From India, Mumbai
14From India, Mumbai
Hi Rekha,
Company cannot utilize the PF money of any employee to compensate the damages made to the property of the company, however, the management can withhold the PF money due to the employee by citing the misconduct reason, and not signing the PF withdrawal form.
The employee can transfer the fund to the next organisation to which he / she is joining. There are other options available to withdraw the PF money without the consent of the previous employer.
Regards,
From India, Bangalore
Company cannot utilize the PF money of any employee to compensate the damages made to the property of the company, however, the management can withhold the PF money due to the employee by citing the misconduct reason, and not signing the PF withdrawal form.
The employee can transfer the fund to the next organisation to which he / she is joining. There are other options available to withdraw the PF money without the consent of the previous employer.
Regards,
From India, Bangalore
PF is the complete right of the employee. The account is under the employee name and he/she has the right. Even if some dues are there to be paid by the employer... they cannot withhold - as per my knowledge & experience.
Vijay Bhasker V.
From India, Bangalore
Vijay Bhasker V.
From India, Bangalore
No employer can legally withhold the PF of an employee concerned. even if the employer refuses to sign on the PF withdrawal forms, one of the provision in PF department is that the amount can be withdrawn without the signature of the employee.
We have recently seen a similar case, where when the employer refused to sign on form # 19 & 10C then on the employer coloumn the Bank Manager signed it and the employee concerned withdrew the amount. This bank manager can be of any bank, a part from this a , gazetted officer can also sign on the employer column. But the stamp is must.
Thanks
Rekha
HR manager
From India, Delhi
We have recently seen a similar case, where when the employer refused to sign on form # 19 & 10C then on the employer coloumn the Bank Manager signed it and the employee concerned withdrew the amount. This bank manager can be of any bank, a part from this a , gazetted officer can also sign on the employer column. But the stamp is must.
Thanks
Rekha
HR manager
From India, Delhi
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc