Dear Sir,
Our company is registered under the EPF Act, and all employees are covered by it. We are now in the process of registering a new company and transferring our 5 employees to the new entity.
Queries:
1. Do we need to register our new company under the EPF Act?
2. Does the membership in the EPF Act persist once a member, always a member?
We seek proof of the aforementioned conditions in the form of a circular or a scan of the rule book. Your assistance in resolving this matter would be greatly appreciated.
Thank you,
Manish Tanwar
From India, Noida
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Our company is registered under the EPF Act, and all employees are covered by it. We are now in the process of registering a new company and transferring our 5 employees to the new entity.
Queries:
1. Do we need to register our new company under the EPF Act?
2. Does the membership in the EPF Act persist once a member, always a member?
We seek proof of the aforementioned conditions in the form of a circular or a scan of the rule book. Your assistance in resolving this matter would be greatly appreciated.
Thank you,
Manish Tanwar
From India, Noida
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If new company having different directors then pf will be applicable as per coverage limit of of act
From India, Pune
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470From India, Pune
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EPFO Coverage for New Company
If your directors are also the directors of the new company, the EPFO will combine the two establishments for coverage. This is true even if you have a separate registration certificate from the Factories or Shops authorities. In such a scenario, your new company will also be covered by PF. When there is a transfer from one company to another, the financial integrity is easily proved.
A member once covered will continue to be covered under PF. Please refer to Scheme 26A of the Employees' Provident Fund Scheme, 1952.
From India, Kannur
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If your directors are also the directors of the new company, the EPFO will combine the two establishments for coverage. This is true even if you have a separate registration certificate from the Factories or Shops authorities. In such a scenario, your new company will also be covered by PF. When there is a transfer from one company to another, the financial integrity is easily proved.
A member once covered will continue to be covered under PF. Please refer to Scheme 26A of the Employees' Provident Fund Scheme, 1952.
From India, Kannur
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Steps to transfer PF amount.jpg
13revised (PF TRANSFER).pdf