Korgaonkar K A
Venkata Vamsi Krishna Patnaik
I am Ashwani, I have query about EPS, i was starting my job in April 2008 and in May 2015 i was switch in new company in May 2015 it self and then again i was move on another second company in January 2016, and now from januray 2016 to till date i am working in third company, and every time when i change the job i have transferd my PF amount now my total job period is 10Year and 1Month, can someone suggest me how can i see my complete information about EPS, is there any option to transferd my all previous company EPS amount in my exisitng PF account ?
Please help me and suggest me some way.
From India, undefined
From India, Madras
Employee can mention his choice as nominee, but only when an untoward sudden incident like this happens the problem comes as all claimants ( stating themselves to be legal heirs) would come into picture.
As such Management has to be a bit cautious while filling up or taking the nominee details. And also hold such claims in the interest of the actual beneficiary if ambiguity exists.
Best option now available is suggest out of the way to the parents to give the share to widow.
From India, Hyderabad
His patents had intension to have all money. And employer don't want to envolve in this matter after payment. Now I have only one option is succession certificate.
Please let me know, could I get succession certificate from UP high court, even my husband died in Karnataka where we residing in rented flat. And don't have any relative in my in-laws city in west Bengal.
Rules for nomination under EPF scheme 1952
Member has to give the names of Spouse and all children in the prescribed Form.
In case the member has no family, one person can be nominated.
However, such nomination will become invalid once the member acquires a family
From India, Pune
I am trying to answer you differently.
As regards to EPF & gratuity:
Para 61 of EPF Scheme & Section 6 of POG Act deal with the Procedure for nomination to respective funds. According to this, right of nominee is restricted i.e. in the case of an employee having no family, nomination can be made in favour of any person. However as soon as there is a member in family, nominee in favour of outsider becomes void and fresh nomination in favour of any member in family has to be made.
According to SC in Shipra Sengupta's appeal (1999), right of wife to get EPF is not destroyed due to mother's nomination.
As regards to Insurance:
Nominee is a person whose name is written in proposal form. However, the position of nominee is settled now by SC in Sarbati Devi v Usha Devi (AIR 1984 SC 346). According to this Judgement, a mere nomination u/r Section 39 does not confer on the nominee any beneficial interest in the amount payable under the insurance policy on the death of insured.
From India, Mumbai