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Provident Fund Registration
About Employees
Provident Fund [EPF]
EPF is one of the main plat form of savings in India for
nearly all people working in Government, Private or Public sector
organizations. It is implemented by the Employees Provident Fund Organization
(EPFO) of India.
Employees Provident Fund [EPF] is a scheme under the Employees’
Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated
under the purview of Employees’ Provident Fund Organisation (EPFO) which is one
of the World’s largest Social Security Organizations in terms of clientele and
the volume of financial transactions undertaken. Basically, EPF is normally
like a benefit to an employee during the retirement provided by the
organization.
Applicability
EPF registration is mandatory for all establishments-
- which is a
factory engaged in any industry having 20 or more persons, and
- to any other
establishment employing 20 or more persons or class of such establishments
which the Central Government may, by notification specify in this behalf.
Central Government may apply any establishment
employing less than 20 employees after giving not less than two months’ notice
for compulsory registration