Employee Provident Fund (EPF)
To manage a company you must look after the benefits you can provide to your unit. They are taking your company forward to the set goals. EPF (Employees Provident Funds) provides the social and future security to the salaried employees which would provide them retirement benefits.
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The Employee Provident Fund is regulated and maintained by the Employees’ Provident Fund Organization of India But to get registered under EPF the company is supposed to follow the certain set of rules and conditions under EPF & MP Act 1952.
EPF is partitioned in 2 divisions, one being provident fund and another, Employee Pension Scheme. These can be used during the emergency or it can be borrowed during the short of funds.
Documentation
- Pan Card
- Cancelled bank cheques
- Previous ESIC Code
- Salary and PF Statement.
- Date of joining of employees, fathers name and date of birth.
- ADDRESS PROOF (List of branches and their addresses with the number of employees at each branch) along with their attendance record
- Digital Signature Certificate (DSC), MOA and AOA
- GST Registration Certificate, (if registered under GST).
- Register of salary and wages, balance sheets, from the commencement of the job till the date.
- First sale bill and purchase bill of raw material and machinery.
- Some additional documents are required for social trust, LLP, company or partnership firms to know more contact Ezligy Legal Services in Madhya Pradesh.
