Please Help: PF Account
Posted Date : 20-Jan-2015 , 06:16:52 pm | Posted By Ujjwal
Hi CA Sansaar,
We are a registered organization with less than 20 employees. We want to have a company PF account with all the employees registered to this acc.
So that by this fiscal year our company start distributing PF to its employees. Can anyone help with procedure to have that.
Thanks in advance
Regards,
Ujjwal
We are a registered organization with less than 20 employees. We want to have a company PF account with all the employees registered to this acc.
So that by this fiscal year our company start distributing PF to its employees. Can anyone help with procedure to have that.
Thanks in advance
Regards,
Ujjwal
Category : Finance | Answers : 0 | Comments : 1 | Hits : 246
Answers:
Comments
Alok Kushwaha
14-Feb-2015 , 02:27:31 pmFor PF formalities the company must be 3 years old. After that only it can be registered with the PF department.For this Act the minimum number of employee should be 20. Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commissioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme. On receipt of Form 5A, the commissioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.