Blog - Page 81 of 91 - Prakash Consultancy services

As we all are aware the UAN under EPFO has been implemented and in this regards Bank Account Number & IFSC Code is Compulsory under the UAN Program. As we all Know, in this regards Our Prime Minister has launch (pradhan mantri jan dhan yojana). Hope all employees of your organisation must have opened the Bank account in regards to KYC terms. Under UAN , PAN Number & AADHAR Number is must. As many employees might not be falling under the bracket of taxable income so they might not be having PAN Number in order to simplify the Compulsory KYC terms so in that case AADHAR Number is must.

As many Employees have still not Enrolled the AADHAR Number, Unique Identification Authority of India has instructed all EPF office to make arrangement to Enroll all EPF subscriber to enroll under AADHAR as this will be the compulsory KYC Norms for Online Withdrawal application which will be launched in December 2014 as per information received from sources.

Pls refer to the said circular as enclosed where in all the Regional office & Sub regional office has been instructed to provide arrangement for enrolling in AADHAR.

I request all of My friends & colleagues to get themselves enroll in AADHAR.

AADHAR Enrollment camp at EPFO Office

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EPF New Declaration Form

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

October 31, 2014

Dear All,

As New EPF Declaration form has been introduce by the dept all employer are requested to get fill in for all employees covered under EPF or Excluded

The respective form is to be kept ready for reference as & when EPF dept demand for verification

New EPF Declaration Forrm

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Revised Uttarpradesh Minimum wages 1st Oct 2014 till 31st Mar 2015

Minimum Wages-Uttarpradesh

Prakash Consultancy Services

October 19, 2014

Dear All,

Pls find enclosed is the revision of Minimum wages of Uttarpradesh W.E.F from 1st Oct 2014 till 31st Mar 2015

Uttarpradesh Minimum wages 1st Oct 2014 till 31st Mar 2015

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Mandatory Bank Account at the time of Joining EPF Fund

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

September 18, 2014

Dear Employer,

Central Government has issued direction under Para 78(1) of the Employees’ Provident Funds Scheme, 1952 to issue order making submission of Bank Accounts by the members mandatory in order to facilitate the allotment of Universal Account Number, proper implementation of the Employees’ Provident Funds Scheme, 1952 and removal of the difficulties in the matter of payment of accumulations in the Fund to members after they cease to be such members.

Accordingly, the Central P.F.Commissioner in exercise of powers conferred under Para 78(3) of Employees’ Provident Funds Scheme 1952, issued order making submission of above account of members compulsory. The said order dated. 17.09.2014 is as under :-

ORDER

Subject : Submission of Bank Account details regarding members

of the Fund.

In view of the directions issued by the Central Government (the Ministry of Labour & Employment, Govt. of India) under para 78(1) of the EPF Scheme, 1952. I, K.K. Jalan, Central Provident Fund Commissioner, hereby issue the following directives in exercise of powers under para 78(3) of the EPF Scheme, 1952 :

1.Every employer henceforth will provide the core banking account number with IFSC code of the bank branch in respect of every new member on joining the Fund.

2.The employer will also furnish the information regarding the core banking account number with IFSC code of the bank branch in respect of existing members by 15.10.2014.

3.The employer will also provide the core banking account number with IFSC code of the bank branch in respect of previous members under its employment by 31.10.2014.

4.The members of the fund who are presently not employees of any establishment covered under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 will provide their core banking account numbers with IFSC code of the bank branch, a crossed cheques folio with member’s name printed thereon and their previous Provident Fund account number themselves at any Regional or Sub Regional Office of the Employees’ Provident Fund Organisation. This information shall be provided by 30.11.2014.

These directions will come into force with immediate effect.
In view of the above you are advised to ensure the uploading of 100 % Bank Account in respect of all your employees.

Respective Circular Enclosed for your ready reference.

Mandatory Bank Account at the time of Joining EPF Fund

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EPF & EPS Scheme Amended W.E.F 1st Sep 2014

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

August 28, 2014

The EPF Act and Scheme Amended w.e.f 01-09-2014;
Salient Features are;
1. Wages Ceiling of EPF increase to Rs. 15000.
2. Minimum pension Rs. 1000 for 2014-15.
3. EDLI benefit increase by 20 percent.

EPF & EPS Scheme Amended from 1st Sep-2014

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RBI’s Recent simplified KYC Measures for Opening Bank account

Prakash Consultancy Services

August 27, 2014

Dear Sir,

The Reserve Bank of India today released a note along with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the recent times with a view to helping the common man in opening bank accounts

In my view as RBI has simplified the process we can open Bank account easily

Pls find enclose is the RBI Circular for the respective Process

RBI’s Recent simplified KYC Measures for opening Bank Account

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Maharashtra Minimum Wages ( Special allowance W.E.F 1st July 2014 to 31st Dec-2014)

Minimum Wages-Maharashtra

Prakash Consultancy Services

August 8, 2014

Dear All,,

Pls refer to the said attachment as attach below is the Maharashtra Minimum Wages ( Special allowance W.E.F 1st July 2014 to 31st Dec-2014)

Maharashtra Minimum Wages ( Special allowance W.E.F 1st July 2014 to 31st Dec-2014)

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EPFO New Circular for Withdrawal under para 68 B

Provident Fund Benefits

Prakash Consultancy Services

August 8, 2014

Dear All,

Pls find attach EPFO new circular for withdrawal under para 68 b ,,this will help employee to get advance from his EPF without any headache..

EPFO New Circular for Withdrawal under para 68 B

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