Can PF Amount Be Transferred?

rakeshpatil150487
Dear All, I have one question.... If an employee is absconded from 1 company, and if he has joined another company....can he transfer his PF amount of the 1st company to the new one..????
upasana1101
Dear Rakesh,
Yes he has to submit Form 13 and his account will automatically will transfer to the new company.
Regards
Upasana
vivaek
Dear Rakesh.
To my knowledge the employer has no rights on the PF. One cannot stop or hold it.
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