Hello Everyone,
I am working for subsidiary company, the parent company is covered under PF. When we joined in about 4 years ago we were told we are not eligible for PF as the emoployee strength is less than 20, now they are telling us that since we are subsidiary company it will be applicable to us from this year. Is this right or wrong? In that case is the company obligated to pay for previous years with interest and not only for current year
Regards,
Rajeev
From India, Mumbai
I am working for subsidiary company, the parent company is covered under PF. When we joined in about 4 years ago we were told we are not eligible for PF as the emoployee strength is less than 20, now they are telling us that since we are subsidiary company it will be applicable to us from this year. Is this right or wrong? In that case is the company obligated to pay for previous years with interest and not only for current year
Regards,
Rajeev
From India, Mumbai
Being a separate entity having financial integrity, functional integrity, etc being different then once the number of employees cross thresold of coveragability of employees more than 20. PF Act becames applicable.
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PF applicability.p df