Prashant Kumar Jha (Practicing Lawyer) 08 March 2018

Pf law

Dear Sir One of my friend was working with a indian big private company. Management took his resignation by pressure. prior to resignation he had taken loan from the company for marriage. Now after taking resignation, can the company seize the PF of the employee mean to say can the company recover the loan withholding the amount of PF with him. What will be the remedy to get the amount of PF which is clearly the amount of employee. after resignation the person is still unemployed. May pls resolve PF experts.

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4 Replies

Sudhir Kumar, Advocate (Advocate) 10 March 2018

who maintained PF Account.

whether EPFO?

or by trust managed by Company on licese from EPFO.

Prashant Kumar Jha (Practicing Lawyer) 10 March 2018

trust managed by Company on licese from EPFO.

Regards

Prashant Kumar Jha (Practicing Lawyer) 10 March 2018

trust managed by Company on licese from EPFO.

Regards

Sudhir Kumar, Advocate (Advocate) 14 March 2018

No company cannot do so.

As per terms of thelicense the trust cannot offer any conditions less advantageous to the employee thatn compared with EPFO. Ifthey do so their exemption is liable to be cancelled.

PF is proected from attachment even by court order.