Pf and pension in llp

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 Hello,

As per law, what is the applicability of PF and Pension for an LLP in India? Is it mandatory for the entity to include it above a certain Headcount or can it be ignored?

Hemant Kumar

Hemant Kumar (Expert)
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20 July 2013 The Employees Provident Funds and Miscellaneous Provisions Act 1952 applies to the
whole of India except the State of Jammu and Kashmir (Section 2). This Act applies
(Section 3) to:
(i) every establishment which is a factory engaged in any industry specified in Schedule I
and in which 20 or more persons are employed, and
(ii) any establishment employing 20 or more persons or class of such establishments
which the Central Government may, by notification in the official gazette specify.
The Central Government through the Employees Provident Fund Scheme 1952 {Section
3 (b)} has specified the establishments covered by the Act.

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 Thanks Hemant. LLP is a new concept in India, less than 10 years, hence the question. What about pension? Is it to be apportioned for LLP employees?

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Hemant Kumar

Hemant Kumar (Expert)
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23 July 2013 There is no different rule for llp. Pension scheme is same as company.