Skip to main content

MULTIPLE UNIT ESTABLISHMENTS - LOCAL MAPPING IN PROVIDENT FUND IS MANDATORY



Provident Fund Department in its earlier circular stated that the field offices shall not allot code numbers and insist for local compliance in respect of the units/branches of the already covered establishments. However, there was no bar to the allotment of code number for the local unit/branch in case of a request by the establishment for their administrative convenience.

Based on the above directions issued by the Department, many establishments having employees working at different locations and branches were depositing PF dues of all the workers under a single PF code number. However, there were demands by the local PF officials to give a facility for field offices to monitor compliance in their inspection area or information driven scrutiny of compliance.
Considering the gap in compliances, Provident Fund Department has developed a facility for all such employers to furnish their location-wise employees' particulars.

PROCEDURE:
Ø Now, an employer can declare for each employee the period for which the employee has worked at a particular branch/location by utilizing the facility provided for this purpose in the employer's portal at a unified portal.
Ø The employer should use his login to add all the branches/locations of the establishment in the Form SA.
Ø The period of posting of employees at various branches/locations can be declared by the employer by using the "Member Location Mapping" option under the “Establishment" tab in the employer's portal. This can be done either by entering data on the screen one by one or in bulk by uploading a file. The employers may be informed about this facility and advised to use it.

CONCLUSION:

It is mandatory on the part of all such multiple location establishments to fill the details of location-wise employees which will enable the concerned offices to view the location of the employees in the ECR through field office interface of a unified portal.

For detailed analysis or specific queries, please write to us at:

Compliance Chambers
Advisory & Consulting

Off Address: F-2/151, Sector 11, Rohini, New Delhi | Pin Code 110085, Nearest Landmark: Fitness Centre Gym | 
Mobile: +91 88007 22330, +91 9310048341

Compiled & Edited by:
Gaurav Gupta & Komal Garg
Management Trainee

Comments

Popular posts from this blog

BLUETOOTH SIG MEMBERSHIP

The Bluetooth Special Interest Group (SIG) is a network of member organizations that are the caretakers and innovators of Bluetooth® technology. As a Bluetooth SIG member, your organization will join a community that helps you grow your business and shape the future of Bluetooth technology. OBJECTIVE OF BLUETOOTH SIG  The primary purpose of the Bluetooth SIG is to support members to make sure that all Bluetooth products are qualified properly and that they comply with the Bluetooth license agreements. The Bluetooth compliance program consists of two steps, which Bluetooth SIG members have to complete – the qualification and the declaration process. WHEN DO I NEED TO BECOME A BLUETOOTH SIG MEMBER? A. Any company incorporating Bluetooth wireless technology into products, using the technology to offer goods and services or simply re-branding a product with Bluetooth technology wants to use word or symbol of ‘Bluetooth’ on their products must become a me...

SIGNIFICANT BENEFICIAL OWNER - THE COMPANIES ACT PERSPECTIVE

A s per Section 469 of the Companies Act, 2013 (‘Act’) Central Government has the power to make rules for carrying out the provisions of this act. With the power of Section 469 of the Act, the CG has made Companies (Significant Beneficial Owners) Rules, 2018 for carrying out the provisions of Section 90 of the Companies Act, 2013 which is amended in Companies (Amendment) Act, 2017 under section 22. A s per section 90 , of the Act, every individual , who acting alone or together, or through one or more persons or trust, including a trust and persons resident outside India, holds beneficial interests, of not less than twenty-five per cent. or such other percentage as may be prescribed, in shares ( shares includes GDR, compulsory convertible preference shares or compulsory convertible debentures) of a company or the right to exercise, or the actual exercising of significant influence or control as defined in clause (27) of section 2 of the Act. Also as per section 2(6) ,...

FINANCIAL STABILITY REPORT - A BRIEF OVERVIEW

The Reserve Bank of India today released the Financial Stability Report (FSR), 17th in the series. The FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to developments in and regulation of the financial sector. Global and domestic macro-financial risks ·         Global growth outlook for 2018 remains positive despite some recent softness. ·         Spillover risk from advanced financial markets to emerging markets, however, has increased. ·     Tightening of liquidity conditions in the developed markets alongside expansionary US fiscal policy and a strong US dollar have started to adversely impact emerging market currencies, bonds and capital flows. Firming commodity prices, evolving geopolitical developments and rising protectionist sentiments pose added risks. ·   ...