EPF and M.P Act 1952

EPF and M.P Act 1952

The Employees' Provident FUND & MP Act,1952 is an essential bit of Labor Welfare enactment instituted by the Parliament to give standardized savings profits to the laborers . At present , the Act and the Schemes confined there under accommodates three sorts of profits -Contributory Provident Fund , Pensionary profits to the workers/ relatives and the protection spread to the parts of the Provident Fund. The object of the Act in 1952 was the foundation of the obligatory contributory Provident Fund to the representatives to which both the worker and the management would help . The Employees' Provident Fund Scheme was as needs be encircled under the Act and it became effective from 1-11-1952 . Initally the title of the Act was , "The Provident Fund Act 1952".

New Company Registration

Documenting of important papers and getting PF enlistment code number for new station inside endorsed time according to Act.

  • Structure 5a (Return of possession)
  • Form 5A (Return of ownership)
  • Form 9 (Revised)
  • Submission of Specimen Signature

Monthly Process

Planning of month to month Challan for EPF & kept into bank inside recommended time according to Act.

Plan Monthly Return

  • Form 12A (Revised)
  • Form -5 (New Joinees)
  • Form-10 (Resigned)
  • Planning of Form- 7(if)
  • PF Eligibility Register
  • Support of all statutory registers needed by the PF powers.
  • Planning of Monthly PF Ledger.
  • Selection & Declaration Forms in Form No. 2 (Revised) of the new representatives
  • Presentation structure in Form- 11(revised)
  • Go to PF overseer for investigation of records, showing up before the concerned powers for the benefit of the head honcho in 7-An incidents under EPF Act
  • All evaluation & investigation from EPF office, when needed.
  • Data with respect to any revision/changes in the demonstration will be educated promptly.

Yearly Process

  • Form 3-A (Monthly Contribution of the representatives)
  • Form 6-An (Annual Return)
  • Bank Reconciliation
  • "DBF" Database File in delicate duplicate
  • Support in issuance of Annual PF A/c slips.

PF Withdrawals & Transfers

Receipt of structures (19 & 10-C) following 60 days of leaving of the worker making settlement.

Receipt of PF exchange structures (Form 13) from new nominees and sending them to RPFC/Ex-Employers trust for getting the exchanged through the concerned RPFC office.

Taking mind the methodology of PF withdrawals and Transfer inside recommended time according to Act.

Examination of papers to guarantee that same are inside the standards as defined under the guidelines.

Recognizing the exchanged got.

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