A: VPF is the extension of EPF. On an EPF account, a person must give 12% of his base salary and the love allowance to the Fund. In a VPF, it is a voluntary contribution with a 100% cap. New Delhi: The Pension Fund Organization Employees` Provident Fund Organisation (EPFO) has decided to complete the processing of all pending applications in about two months. EPFO headquarters also states in the EPFO ordinance that the Comptroller and generalauditor of India has expressed a negative opinion on the detailed nature of the voluntary coverage proposals. In „Q1283, Kidathirukkai Primary Agriculture C0-operative Bank, rep by its Secretary, Ramanathapuram District V. Regional Provident Fund Commissioner, EPF organization, Madurai District and others“ – 2012-II-LLJ-669 (Mad) is a cooperative company registered under the Tamil Nadu Co-operative Societies Act of 1983. On 24.02.1994, the petitioner employed six people, including secretaries. A joint application for voluntary coverage under Section 1 (4) of the Act has been submitted to the EPF authorities.
The application was accepted by the EPF authorities and a petitioner`s establishment code was assigned to the petitioner as of 01.03.1993. Article 1, paragraph 4 of the Act stipulates that the employer and the majority of workers, with regard to an establishment, when presented to the Central Growth Fund Commission fund, by way of notification to the Official Journal, apply the provisions of this law to that institution on the date and date of that agreement or from a later date specified in that agreement. to be applicable to the law. Paragraph 1, paragraph 5, of the Act provides that an agency to which this law applies continues to be regulated by that law, although the number of people employed there is at some point less than twenty. The petitioner referred to the Madras High Court of „Sampath Kumaran and Co.“, V. Regional Provident Fund Commissioner, in which the High Court ruled that an institution of only four workers was voluntarily covered by the law by an application under Section 1 (4), after which the employer and workers restored liability under the law. The High Court found that despite the incorporation of the employer from a state of ownership to a partnership, since a majority of workers and the employer wish to withdraw from the liability under the law, the authorities are required to release it. According to Section 21 of the General Clauses Act, if a person or organization of persons can do an act on its behalf, but at the same time is tainted with obligations, it would still be in good standing to seek the cancellation of those obligations, which are compensated by their voluntary action, by expressing again unequivocally their desire not to be burdened by such obligations or obligations.
it also asked its field training to complete the processing and notification of these new applications online in two and a half months.