Please suggest the formalities to be followed and also provide forms to be used by a concern who is presently registered under the Employees Provident Fund Act with the Regional Provident Fund Commissioner to convert to Employees Pension Scheme 1995, as the employees feel that by converting to the Employees Pension Scheme 1995 many of the old employees who are working with the concern from the 1980s and are retiring in another 5-6 years will be benefitted to a great extent. Section 17(1c) of the EPF & MP Act 1952 read with Para 39 of EPS 1995 permits conversion from EPF to EPS if it is beneficial to the employees. Please advice me at the earliest
CA Shafeeq
CAclubindia
