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New Company-PF Not applicable.-Pl. anybody can advise

dhoragaru - Member Since: Nov 2008
Subject - New Company-PF Not applicable.-Pl. anybody can advise
Hi,

M/s. XYZ Co., Its have Regd. office in Hyderabad and branches all over India. For this PF Act is not applicable, hence not registered. However, from the Delhi branch, few of employees drwaing salary of lessthan Rs.6500/- (Total employees of all these Rs. 6500/- are below 20 No.) asking for the PF, since they have the PF A/c. from their previous company and want to continue the same.

1. Is it cumpulsory to get registration under PF, since the XYZ Co., have the few of PF A/c emplyees from their previous Organisation.
2. If XYZ Co., voluntarily goes for registration, where it sholud apply i.e. whether in Delhi Commissioner or Hyderabad Commissioner.
3. If XYZ Co., gets the registration, whether the employees can continue with their Old PF A/c or they gets new PF A/c.
4. If XYZ Co., deoes not to desirous of getting registration under PF., whats the status of the employee in relation to the previous PF A/c.
5. If XYZ Co., carries on the Hotels and Restaurant Business, does its makes any difference with respect to PF Applicability.

----
Kind Regards
SATHEESH RAO PONUGOTI
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Posts: 1
Joined: Sun Nov 16, 2008 12:48 pm
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jitendersyadav Full Member - Member Since: Sep 2008
Subject - Re: New Company-PF Not applicable.-Pl. anybody can advise
Dear SATHEESH,

You will get here pointwise answer of your questions :-

1. Is it cumpulsory to get registration under PF, since the XYZ Co., have the few of PF A/c emplyees from their previous Organisation.
NO
2. If XYZ Co., voluntarily goes for registration, where it sholud apply i.e. whether in Delhi Commissioner or Hyderabad Commissioner.
Delhi Commissioner
3. If XYZ Co., gets the registration, whether the employees can continue with their Old PF A/c or they gets new PF A/c.
Will get new PF No & get transferred their previous pf in new Account
4. If XYZ Co., deoes not to desirous of getting registration under PF., whats the status of the employee in relation to the previous PF A/c.
They Can withdrwal their PF, You are not bound to get registered
5. If XYZ Co., carries on the Hotels and Restaurant Business, does its makes any difference with respect to PF Applicability.
In Hotel & restaurant you are using aid of power so you have to get registered on 10 coverable employees

Rgds/Jitender
jitendersyadav Full Member - Member Since: Sep 2008
Subject - Re: New Company-PF Not applicable.-Pl. anybody can advise
Dear SATHEESH,

You will get here pointwise answer of your questions :-

1. Is it cumpulsory to get registration under PF, since the XYZ Co., have the few of PF A/c emplyees from their previous Organisation.
NO
2. If XYZ Co., voluntarily goes for registration, where it sholud apply i.e. whether in Delhi Commissioner or Hyderabad Commissioner.
Delhi Commissioner
3. If XYZ Co., gets the registration, whether the employees can continue with their Old PF A/c or they gets new PF A/c.
Will get new PF No & get transferred their previous pf in new Account
4. If XYZ Co., deoes not to desirous of getting registration under PF., whats the status of the employee in relation to the previous PF A/c.
They Can withdrwal their PF, You are not bound to get registered
5. If XYZ Co., carries on the Hotels and Restaurant Business, does its makes any difference with respect to PF Applicability.
In Hotel & restaurant you are using aid of power so you have to get registered on 10 coverable employees

Rgds/Jitender


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