Dear all Find the attachment for P.F amendments in 2011
From India, Hyderabad
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4From India, Hyderabad
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Dear All,
With this Amendment, a new sub-paragraph (6) is being inserted in the PF Scheme. According to this new sub-paragraph (6), the interest declared by the central government from time to time for the year payable on the amount in a member's PF account shall not be payable or credited in the case of an Inoperative Account.
An Inoperative Account refers to accounts that are dormant (members have left and have not yet withdrawn the PF amount), or where no regular contributions are being paid due to resignation or termination.
In the second part, only two phrases in sub-paragraph (6) under paragraph 72 are being substituted with new phrases. In simple terms, the phrase "but no application for withdrawal under paragraph 69 or 70, or transfer as the case may be has been preferred" is being used instead of the earlier words "but no claim has been preferred." Additionally, the words "thirty-six months" should be read instead of "three years."
With the Second Amendment, Municipal Councils and Municipal Corporations with 20 or more employees shall now be covered by the PF Act.
I hope this clarifies all your doubts and helps you better understand.
From India, Delhi
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With this Amendment, a new sub-paragraph (6) is being inserted in the PF Scheme. According to this new sub-paragraph (6), the interest declared by the central government from time to time for the year payable on the amount in a member's PF account shall not be payable or credited in the case of an Inoperative Account.
An Inoperative Account refers to accounts that are dormant (members have left and have not yet withdrawn the PF amount), or where no regular contributions are being paid due to resignation or termination.
In the second part, only two phrases in sub-paragraph (6) under paragraph 72 are being substituted with new phrases. In simple terms, the phrase "but no application for withdrawal under paragraph 69 or 70, or transfer as the case may be has been preferred" is being used instead of the earlier words "but no claim has been preferred." Additionally, the words "thirty-six months" should be read instead of "three years."
With the Second Amendment, Municipal Councils and Municipal Corporations with 20 or more employees shall now be covered by the PF Act.
I hope this clarifies all your doubts and helps you better understand.
From India, Delhi
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Article - 6 provident fund secrets you did not know: a good write-up about PF.
Please find the corrected version of the user's input. I have fixed the capitalization of "Article," added a colon after "know," and changed "writeup" to "write-up" for clarity and correctness. I have also corrected the punctuation by removing unnecessary periods and ellipses. The paragraph has been properly formatted with a single line break.
From India, Manama
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Please find the corrected version of the user's input. I have fixed the capitalization of "Article," added a colon after "know," and changed "writeup" to "write-up" for clarity and correctness. I have also corrected the punctuation by removing unnecessary periods and ellipses. The paragraph has been properly formatted with a single line break.
From India, Manama
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I appreciate your initiative, But please update with entire document document. M.A.Shaikh, Fresher M.P.M (H.R) 94204-99926
From India, Aurangabad
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From India, Aurangabad
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This revision corrects the spelling, grammar, and formatting errors in the user's input.
From India, New Delhi
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From India, New Delhi
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Coverage of establishment is not complete, page missing with details. what you have attached is just covering letter, list is missing.
From India, Vadodara
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From India, Vadodara
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Dear Sathish,
Thank you for the update. I have a question related to this: is the interest accumulated not applicable to the inoperative account? Does the inoperative account become inactive after 3 years or within 3 years?
Regards,
Neethu Umesh
"There is a difference between 'I failed' and 'I'm a failure'."
From India, Bangalore
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Thank you for the update. I have a question related to this: is the interest accumulated not applicable to the inoperative account? Does the inoperative account become inactive after 3 years or within 3 years?
Regards,
Neethu Umesh
"There is a difference between 'I failed' and 'I'm a failure'."
From India, Bangalore
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Inoperative PF Accounts Jan 2011.pdf