Provident fund

Querist : Anonymous (Querist) 04 April 2011 This query is : Resolved
Dear Sir,

There is a company which is not registered under the office of the Regional Provident Fund Commissioner. Currently, the provident fund contributions of its employees are being deposited in a Trust maintained by another company. Can the company do so, if yes, under what laws?? Is there any provision restricting the right of the company to do so??

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Chanchal Nag Chowdhury (Expert) 04 April 2011
Check whether it is an exempted fund.
If a company, being a subsidiary of another, submits a scheme more beneficial to its employees than what the PPF has to offer, the RPF, on some conditions, may exempt it from depositing PF & may have allowed the company to deposit it in the Trust.This is perfectly legal.

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