I am seeking guidance for the query related to Provident Fund (PF) for the following case:
Case Overview
There is a company called ABC Ltd that is taking over XYZ company. XYZ has its own PF trust with active and former employees. The queries for this situation are:
1. Does XYZ need to shut down the PF trust?
2. What is the legal position regarding surrendering the trust and subsequently remitting the accumulated funds for the active and former employees?
3. Who and how should settle the PF claims of XYZ company?
4. What if XYZ company has a pension account and pension code with RPFC?
5. How do you transfer funds from the regional PF office to the main office for consolidation?
From India, Mumbai
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Case Overview
There is a company called ABC Ltd that is taking over XYZ company. XYZ has its own PF trust with active and former employees. The queries for this situation are:
1. Does XYZ need to shut down the PF trust?
2. What is the legal position regarding surrendering the trust and subsequently remitting the accumulated funds for the active and former employees?
3. Who and how should settle the PF claims of XYZ company?
4. What if XYZ company has a pension account and pension code with RPFC?
5. How do you transfer funds from the regional PF office to the main office for consolidation?
From India, Mumbai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc