The text provided seems to contain a mix of special characters and text that is not clearly readable. Therefore, it is difficult to correct the spelling and grammar errors in the user's input without understanding the actual content.
Employees' Provident Fund & Miscellaneous Act, 1952
In the Employees' Provident Fund & Miscellaneous Act, 1952, it is stated that this act does not apply to a newly set up establishment for an initial period of 5 years.
How accurate is the statement mentioned above? Please advise.
If you can provide the actual content or context for the first part, I would be happy to help correct any errors.
From India, New Delhi
Acknowledge(0)
Amend(0)
Employees' Provident Fund & Miscellaneous Act, 1952
In the Employees' Provident Fund & Miscellaneous Act, 1952, it is stated that this act does not apply to a newly set up establishment for an initial period of 5 years.
How accurate is the statement mentioned above? Please advise.
If you can provide the actual content or context for the first part, I would be happy to help correct any errors.
From India, New Delhi
Acknowledge(0)Amend(0)
Applicability of the PF Act 1952
There is no waiting period of five years in the applicability of the PF Act 1952. It is applicable from the day your employee strength has been 20 or more. Be prepared to produce documents like attendance records, wage & salary register, annual financial statement, etc., to substantiate your claim on the date of applicability of the Act. If you are caught being non-compliant with the PF Act, then the consequences can be very serious.
From India, Mumbai
Acknowledge(1)
Amend(0)
1593There is no waiting period of five years in the applicability of the PF Act 1952. It is applicable from the day your employee strength has been 20 or more. Be prepared to produce documents like attendance records, wage & salary register, annual financial statement, etc., to substantiate your claim on the date of applicability of the Act. If you are caught being non-compliant with the PF Act, then the consequences can be very serious.
From India, Mumbai
Acknowledge(1)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.
EPF & Misc. Provision Act.1952 & the scheme.ppt
EPF Act 1952.pdf