Struggling to Claim My PF: Can an Investor Legally Hold My Funds Due to Internal Disputes?

Hi,

I need advice on my PF settlement.

I was working with an analytical solutions company. The company had an investor based in Pune. The investor paid our salary from January 2007 till June 2007 (I have a salary slip for the same with a complete salary breakup). However, after that, the director had an internal dispute with the investor, and they opened their own company in Bandra where they are not providing any PF benefits as the staff strength is less than 20. Unfortunately, my PF money is stuck with that earlier investor, and to date, there is no feedback on the same as the directors are still working on the settlement issue with the investor.

I have recently joined a well-known company in the market, and I want to transfer or withdraw that 4.5 months' worth of PF amount. I would like to know if the investor has the right to hold my PF due to their internal legal dispute with the directors. I intend to send them a letter asking for my PF settlement. Can anybody help me resolve this issue?

The PF deduction from my salary was Rs. 1800 (employee share Rs. 900 and employer share Rs. 900).

Please reply and guide me on how I should claim my PF from the investor.

My salary was coming from Aurangabad as the investor's HR and Accounts department were based there. Is there a possibility that my PF account was in Aurangabad even though I was working in the Andheri, Mumbai office?

Please advise.

Regards,

Jayshree

9967822308

Hi Jayshree,

You have full rights to claim your PF amount. Go to the PF office near your home and obtain the PF amount withdrawal form free of charge. Once you have the form, get it sealed and signed by your previous employer, fill it out, and submit it to the PF office.

You can apply for your PF amount two months after your resignation date. If you require further assistance, please contact the Public Relations Officer (PRO) at the PF office. They will assist you. 😊

Cheers,
VijiBalaji

No company or factory has the right to keep the PF money with them. The PF contribution is deposited in the Regional Provident Fund Commissioner's office of the concerned state/union territory. It is the duty of the employer to make the PF contribution, which includes an equal part of 12% of basic pay + DA, deposited in the PF office in favor of the employee.

You must have been allotted the PF number by the PF office while working in the previous company. Now that you have joined another company, you can transfer it to the new PF office of the state in which your new company exists by submitting an application to the previous PF office and informing your previous employer.

Dear,

I understand your problem. You can take the following steps as per the provisions of the Provident Fund Organisation: if your company is not willing to sign your PF Withdrawal form, and if you have the withdrawal form, you can review the instructions for filling it out, which are attached. One important point to note for this situation is that before filling out the form, you need to know the following points:

1. Individual PF number
2. Company code number

Please adhere to the instructions and submit the form to the Regional Provident Fund office. You will then be able to receive your PF amount.