Pf account active inspite of resignation (deputation of employment to foreign land)

Sumy Reji (Querist) 09 December 2011 This query is : Resolved
We are getting an opportunity of business in a foreign country. We will be registering as a new company and will be deputing few employees on the foreign companies rolls from our parent company. We have decided to reinduct the employees in the parent company after a minimum period of 2 year .The deputed employees are old employees who have already completed 7 years. They are ready to go if there is a possiblity to keep the PF account active of the parent employer, so that they get the benefit of pension. Can some one help on this query?

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Raj Kumar Makkad (Expert) 09 December 2011
If company accedes the demand of the employees as mentioned in the query then it shall be better arrangement to send those employees on deputation to sister concern rather showing them as employee of sister concern. This arrangement shall continue the wages from parent company along-with continuous benefit of provident fund.

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