Can a Director with No Shares Stop PF Contributions if Paid Irregularly? Seeking Advice

lakshmitrivedy
If a director of a private limited company (holding more than 1% stake), who was non-salaried (remuneration paid irregularly), was registered in the PF and contributions have been deducted. When the director's stake is reduced to 0%, but they would still be paid remuneration irregularly (without a set pattern), can PF deposits be stopped.

I would appreciate it if any experts could share their contact number to discuss this important information that is required.
lakshmitrivedy
Thank you for your response. My query is a bit twisted as this director is not paid any regular wages. It's an irregular amount spread across the year. Now, when depositing PF, we have to show monthly gross income, which in this case is not set. So, if this director is willing, can we opt him out of monthly PF contribution (as remuneration is above the minimum PF limit if calculated yearly)?
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute