Respected all,
I was told by someone that there was a provision under the EPF & MP Act, 1952, which exempts newly established establishments for the first 5 years from taking registration under the EPF & MP Act, 1952. During this period, the establishment will be treated as a non-coverable establishment and will not be liable for contributions towards EPF in respect of its employees, even if the establishment has more than 20 employees or recruits any existing member. I was unaware of any such provision and opposed that concern.
However, the point stuck in my mind, and I tried to find that provision but failed to do so. Can anyone shed some light on this point?
Thanks in advance.
From India, Delhi
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163I was told by someone that there was a provision under the EPF & MP Act, 1952, which exempts newly established establishments for the first 5 years from taking registration under the EPF & MP Act, 1952. During this period, the establishment will be treated as a non-coverable establishment and will not be liable for contributions towards EPF in respect of its employees, even if the establishment has more than 20 employees or recruits any existing member. I was unaware of any such provision and opposed that concern.
However, the point stuck in my mind, and I tried to find that provision but failed to do so. Can anyone shed some light on this point?
Thanks in advance.
From India, Delhi
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