I am Babu, working as an Accountant in a Pvt. Ltd company nature of work is ENGINEERING CONSULTANCY. my query is our employees are including 2 directors 18. directors are taking remuneration. for 16 employees can we register for EPF. it is possible or not.
Pl. I am waiting you valued reply for registering EPF.
11 May 2010
The Employees’ Provident Funds and Miscellaneous Provisions Act, provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of his/her early death. Its applicability: It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:
a) every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed;
b) every other establishment employing 20 or more persons or class of such establishments which the Central Govt. may notify;
c) any other establishment so notified by the Central Government even if employing less than 20 persons.
Every employee, including the one employed through a contractor (but excluding an apprentice engaged under the Apprentices Act or under the standing orders of the establishment and casual laborers), who is in receipt of wages up to Rs.6,500 p.m., shall be eligible for becoming a member of the funds. The condition of three months’ continuous service or 60 days of actual work, for membership of the scheme, has been done away.
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