Understanding EPF & ESI Act: When Should New Businesses Register?

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Employees' Provident Fund & Miscellaneous Act, 1952

In the Employees' Provident Fund & Miscellaneous Act, 1952, it is stated that this act does not apply to a newly set up establishment for an initial period of 5 years.

How accurate is the statement mentioned above? Please advise.

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Applicability of the PF Act 1952

There is no waiting period of five years in the applicability of the PF Act 1952. It is applicable from the day your employee strength has been 20 or more. Be prepared to produce documents like attendance records, wage & salary register, annual financial statement, etc., to substantiate your claim on the date of applicability of the Act. If you are caught being non-compliant with the PF Act, then the consequences can be very serious.