Provision of Provident Fund
This query is : Resolved
25 June 2009
One private ltd co earlier was comploying with provision of Prov Fund Act as it had more than 20 employees. However during the year their no. of employees have been reduced to less than 20(6 employees). So can they discontinue complying with this act? If so can anybody tell me what is procedure to do so?
25 June 2009
No u cannot discontinue
26 June 2009
Thanks.
But suppose all employees themselves want to withdraw from provident fund scheme for their current need can still company has to deduct PF amount from their salaries in future
But suppose all employees themselves want to withdraw from provident fund scheme for their current need can still company has to deduct PF amount from their salaries in future
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