Posts By: Prakash Consultancy Services

Employer cannot force employees to open salary accounts with official bank: Kerala HC

Posted by & filed under Uncategorized.

An employer cannot insist that all employees open a salary account with its official banking firm, says the Kerala high court. A single bench of the court issued the ruling after considering a petition (WP-C No. 37894/2016) filed by TM Dinesh Kumar and seven other employees of Malabar Cancer Centre (MCC) at Thalassery. They had challenged a circular… Read more »

How to withdraw EPF and EPS online?

Posted by & filed under Uncategorized.

On 1st May 2017, EPFO announced the launch of the facility to withdraw EPF and EPS online. Let us see the procedure and conditions of online EPF withdrawal facility in detail As of now, it is a tedious task to apply for withdrawal. The process involved physical application to move from one authority to another… Read more »

Employees’ Provident Funds (Fifth Amendment) Scheme, 2017 under Para 68 J

Posted by & filed under Provident Fund - (Notification -Circulars).

Employees’ Provident Funds (Fifth Amendment) Scheme, 2017. In the Employees’ Provident Funds Scheme, 1952 (hereinafter referred to as the said Scheme), in paragraph 68J,- (a) sub-paragraph (2) shall be omitted; (b) proviso to sub-paragraph (3) shall be omitted; (c) for sub-paragraph (6), the following sub-paragraph shall be substituted, namely;- “(6) No advance shall be granted… Read more »

Latest News on EPFO

Posted by & filed under Provident fund -News.

Aadhaar Seeding Application launched by Shri Bandaru Dattatreya  Minimum assured amount on death in service and loyalty cum life benefit to EDLI members on superannuation recommended to Government The Central Board (EPF) under the chairmanship of Union Minster of State for Labour and Employment (Independent Charge) Shri Bandaru Dattatreya held its 217th special meeting in… Read more »