No Tags Found!

vishwanathsavula
19

Dear All,
I hear big organization own a kind of Group Provident Fund, where employer only will maintain employees pf contribution and it shall be paid to employee as and when he leaves the company. I only knew this information. please any one suggest me. Can an employer maintain such fund? If so should the organization be registered under EPF or not? Can we get any exemption to register under EPF if we maintain such fund.?
--
Vishwanath

From India, Hyderabad
ram2hr
53

Ya Really good question as i know several Big companies maintain provident fund Trust but not group provident fund.... please clarify this.. Regards, Ramkishore
From India, Bangalore
abbasiti
517

Dear Vishwanath,
I don't know details of the above scheme. But as per section 27of the EPF & MP Act 1952, exemption from the operation of the scheme/s framed under the Act to an establishment , to a class of employees and to an individual employee, as the case may be granted; if the said employees are covered with equal or better benefits.
Abbas.P.S

From India, Bangalore
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.







Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.