PF contribution for sick industries

Querist : Anonymous (Querist) 26 August 2010 This query is : Resolved
Dear All,

we are taken over a weak industry to run. & actually contribute 12% to PF. my friend tells that weak industries can contribute 10% to PF. is it right? if right, which law is applicable? where to apply?

wait for your valuable answer.

thnx.

ARUN

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A K CHANDOK (Expert) 01 September 2010
Sir,there is no such provision under the EPF & MP Act untill and unless it is a sick company and declared so under SICA .For further details , pl. contact PRO/EO of the concerened PF office.

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