Dear Friends,
I would like to request some information. If an organization is not operational (no business, no employees) and is in the process of winding up, is there any minimum PF remittance required until it is officially wound up (by informing PF authorities)?
I would appreciate your response.
Regards,
Bhavan
From India, Bangalore
Acknowledge(0)
Amend(0)
19I would like to request some information. If an organization is not operational (no business, no employees) and is in the process of winding up, is there any minimum PF remittance required until it is officially wound up (by informing PF authorities)?
I would appreciate your response.
Regards,
Bhavan
From India, Bangalore
Acknowledge(0)Amend(0)
Hi Bhavan, I view is that PF can be remitted only if there is salary payment to the employees. if there is no salary there is no need for PF contribution. With Regards PRAVEEN KUMAR E
From India, Chennai
Acknowledge(0)Amend(0)
From India, Chennai
Acknowledge(0)Amend(0)
Mr. Bhavan,
You will have to remit the minimum administrative charges for both Account No. 2 and Account No. 22 at Rs 5/- and Rs 2/- respectively per month until your PF code is cancelled.
Regards,
N. Nataraajhan,
Sakthi Management Services
(HP: +91 94835 17402;
email: natraj@sakthimanagement.com)
From India, Bangalore
Acknowledge(0)Amend(0)
You will have to remit the minimum administrative charges for both Account No. 2 and Account No. 22 at Rs 5/- and Rs 2/- respectively per month until your PF code is cancelled.
Regards,
N. Nataraajhan,
Sakthi Management Services
(HP: +91 94835 17402;
email: natraj@sakthimanagement.com)
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Bhavan Ji,
The correct answer to your question is as follows:
You need to remit Rs. 75 and Rs. 25 in A/c. 2 (Admin charges on PF) and A/c. 22 (Admin charges on EDLI) respectively every month until the winding-up process of your company is completed. Once the winding-up process is complete, you have to apply to EPFO for the cancellation of the PF code allocated to your company.
I hope the knowledgeable members who responded to your query will consider my answer to be correct.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
The correct answer to your question is as follows:
You need to remit Rs. 75 and Rs. 25 in A/c. 2 (Admin charges on PF) and A/c. 22 (Admin charges on EDLI) respectively every month until the winding-up process of your company is completed. Once the winding-up process is complete, you have to apply to EPFO for the cancellation of the PF code allocated to your company.
I hope the knowledgeable members who responded to your query will consider my answer to be correct.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Saswata ji,
From where did you get this figure of 7.50 per month? I am aware that the figure was 7 per month until December 2014, and I have never heard of 7.50.
Effective from 01.01.2015, by Gazetted Notification dated 02.02.2015, the minimum contribution in case of nil employees has been increased to Rs. 100/-.
Thank you.
From India, Mumbai
Acknowledge(2)Amend(0)
From where did you get this figure of 7.50 per month? I am aware that the figure was 7 per month until December 2014, and I have never heard of 7.50.
Effective from 01.01.2015, by Gazetted Notification dated 02.02.2015, the minimum contribution in case of nil employees has been increased to Rs. 100/-.
Thank you.
From India, Mumbai
Acknowledge(2)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Splitting of minimum wages for PF in abeyance (1).pdf
Employee Benefits.doc