Home India Ministry of Labour The Central Provident Fund Commissioner that the employer an...
Date: 2016-02-12 Category: Extra Ordinary State: Union Government Country: India

The Central Provident Fund Commissioner that the employer and the majority of the employees in relation to the following establishments have agreed that the provisions of Employees Provident Funds

Issued by Ministry of Labour · Employees Provident Fund Organisation

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Central Provident Fund Commissioner, extends the provisions of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, to two additional establishments in Haryana, namely Ms. Stork Securities and Ms. Haryana Knowledge Corporation Ltd. This decision follows an agreement between the employers and the majority of employees of these establishments. The effective dates for the Act's application are November 25, 2014, and September 6, 2014, respectively. Key Points / Main Content: Establishments Covered: * The Employees' Provident Funds and Miscellaneous Provisions Act, 1952, now applies to: * Ms. Stork Securities, H.No.156, HUDA Plot, sector19, Panchkula, Haryana. * Ms. Haryana Knowledge Corporation Ltd., 4th Floor, HSIIDC, I.T. Park, Plot No. 1, Sector22, Panchkula, Haryana. Effective Dates: * Ms. Stork Securities: November 25, 2014. * Ms. Haryana Knowledge Corporation Ltd.: September 6, 2014. Legal Basis: * The decision is based on Section 1, Subsection 4 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. Compliance: * The aforementioned establishments are required to comply with all provisions of the Employees' Provident Funds Act from the date of notification. Impact Analysis: Employers (Ms. Stork Securities and Ms. Haryana Knowledge Corporation Ltd.): * Impact: Required to comply with the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, including contributions and administrative requirements. * Action Required: Ensure compliance with the Act's provisions from the specified effective dates, including registering with the EPFO, deducting contributions from employee wages, and remitting employer and employee contributions. Employees of Ms. Stork Securities and Ms. Haryana Knowledge Corporation Ltd.: * Impact: Entitled to the benefits and subject to the obligations under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. * Action Required: Understand their rights and responsibilities under the Act, including contribution requirements and withdrawal procedures. Employees' Provident Fund Organisation (EPFO): * Impact: Responsible for extending coverage and ensuring compliance by the newly included establishments. * Action Required: Update records to include the new establishments, provide guidance and support to the employers, and monitor compliance with the Act.

Key Entities Referenced

Employees Provident Funds and Miscellaneous Provisions Act, 1952: A labour welfare legislation in India providing for financial security to industrial workers. Haryana: A state in India where establishments are located as per the notification. Rajasthan: A state in India under the jurisdiction of the Addl. Central P.F. Commissioner along with Haryana. Panchkula, Haryana: A city in Haryana where the mentioned establishments are located. Central Provident Fund Commissioner: The authority responsible for applying the provisions of the EPF Act to the mentioned establishments. Ms. Stork securities: Name of one of the establishments to which the Employees Provident Funds and Miscellaneous Provisions Act, 1952 is being applied. Ms. Haryana Knowledge Corporation Ltd.: Name of one of the establishments to which the Employees Provident Funds and Miscellaneous Provisions Act, 1952 is being applied. S. K. Aggarwal: Addl. Central P.F. Commissioner of Haryana and Rajasthan, signatory of the notification.
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