Hello seniors,
If an existing employee withdraws all his amount from PF and rejoins the establishment with a 15K basic, will he be treated as excluded or not?
As per the EPF Scheme, Para 69, (5) - Any member who withdraws the amount due to him under subparagraph (2) shall, upon obtaining re-employment in a factory or other establishment to which the Scheme applies, be required to qualify again for the membership of the Fund. Upon qualifying for membership, he shall be treated as a fresh member thereof.
Please clarify.
If an existing employee withdraws all his amount from PF and rejoins the establishment with a 15K basic, will he be treated as excluded or not?
As per the EPF Scheme, Para 69, (5) - Any member who withdraws the amount due to him under subparagraph (2) shall, upon obtaining re-employment in a factory or other establishment to which the Scheme applies, be required to qualify again for the membership of the Fund. Upon qualifying for membership, he shall be treated as a fresh member thereof.
Please clarify.