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For the second innings of life
Employees’ Provident Funds and (Miscellaneous Provisions) Act, 1952 and Tribunal Procedure Rules, 1997
The Essence
the genesis
It was conceived to provide a kind of social security for industrial workers and their dependents. The belief was that if workers are made to necessarily build a corpus of savings during their employment, jointly contributed to by the employer and employee, the same can benefit them post retirement when they cease to have the ability to generate income. Hence the Employees’ Provident Funds Act
Say goodbye to tension and hello to your pension
Scope of the Act and rules
Objective
Ensure that employees and their dependants have access to regular cash flow to meet their regular expenses post retirement, through an investment instrument that they contribute to during their working life
coverage
- Manner in which contributions are to be made
- Employees’ Pension Scheme
- Employees’ Deposit-linked Insurance Scheme
- Amounts due from employers and recovery
- Transfer of employee accounts
- Registers and records to be maintained
- Returns to be submitted periodically
- Penalties for offences under the Act
"Save your money. You are going to need twice as much money in your old age as you think"
Michael Caine
Three steps to success
We Help You Every Step Of The Way
Let’s face it! HR Policies need to be designed keeping the industry sector, business requirement and the needs of the workforce in mind. A one size fits all approach does not work when it comes to writing a number of policies.
On the other hand, labour laws require that companies adhere to various statutory compliances, but are difficult for the lay person to comprehend. Why stress over them. Leave the heavy lifting to us!
01
learning about all your business
Tell us which sector you are in, where you are located, how many employees by gender, if you engage contract labour etc
02
Send you relevant Labour compliances & HR Policies
Our system gets to work and creates a customised set of documents just for you. We deliver in 2 to 4 weeks
03
Keep you updated
on revisions to law
We constantly track changes in labour legislations, new policies in vogue and update you
