I am seeking a guidance for the query related to Provident Fund (PF) ) for the following case:
Case: There is a company called ABC Ltd is who is taking over XYZ company. XYZ has there own PF trust which has active and left employees. The queries for this situation are:
1) Does XYZ needs to shut down the PF trust?
2) What is the law position with respect to surrendering trust and subsequently remittance of the accumulated fund for the active and left employees?
3) Who and How shall settled the PF claims of xyz company.
4) What if XYZ company have a pension account and pension code with RPFC?
5) How do you transfer the fund transfer from regional PF office to (main office ) for consolidation.
Case: There is a company called ABC Ltd is who is taking over XYZ company. XYZ has there own PF trust which has active and left employees. The queries for this situation are:
1) Does XYZ needs to shut down the PF trust?
2) What is the law position with respect to surrendering trust and subsequently remittance of the accumulated fund for the active and left employees?
3) Who and How shall settled the PF claims of xyz company.
4) What if XYZ company have a pension account and pension code with RPFC?
5) How do you transfer the fund transfer from regional PF office to (main office ) for consolidation.