Product / Service Description

PF REGISTRATION – FOR EMPLOYERS

ONLINE PF REGISTRATION – AN OVERVIEW

Every company has to offer its employees an Employees Provident Fund which is similar to a retirement fund and it comes under the purview of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. EPF registration is compulsory for organizations that have more than 20 employees and Finance Bazaar helps companies register for provident fund, in 3 steps:

• Free consultation
• Receipt of PF number
• Connect with a dedicated affiliate for data validation

ELIGIBILITY FOR EPF REGISTRATION FOR INDIAN EMPLOYERS

To be eligible for PF Registration, an association has to fulfill the following criteria:

• A factory that has 20 or more people.
• An organization that has less than 20 workers and has been notified of mandatory registration for not less than 2 months.
• The employer and the employees of an organization mutually agree to apply for PF to the Central PF Commissioner and a notice has to be sent to the Official Gazette from the date of the agreement.
• An organization can also choose for voluntary registration if the employee count is less than 20, every employee is eligible for PF right from the beginning of his service.

DOCUMENTS REQUIRED FOR PF REGISTRATION

Any business that wishes to apply for PF needs to submit the following documents:

• PAN card of establishment
• Certificate of incorporation
• Cross cancelled cheque of establishment
• Address proof that is in the name of the establishment. It can be:
  • Rent agreement
  • Water
  • Electricity
  • Telephone bill
• Specimen signature of directors and authorized signatories
• Digital signature of the authorized applicant
• In case of voluntary registration, consent of majority of employees