Question : PAYMENT OF EPF



(a) whether the employees of a liquidated company are put to hardships for claiming their provident fund from Employees` Provident Fund Organisation (EPFO);

(b) if so, the reasons therefor;

(c) the details of procedure to be followed for claiming the provident fund accumulation of employees of a liquidated company; and

(d) the time-frame stipulated by which the EPFO will release the payment to the applicant?

Answer given by the minister


MINISTER OF THE STATE IN THE MIISTRY OF LABOUR & EMPLOYMENT (SHRI MALLIKARJUN KHARGE)

(a) & (b): No, Madam.

(c): Employees of a liquidated company can file their claim for provident fund, duly attested by any of the following authorized persons:

# Member of Parliament;

# Member of Legislative Assembly;

# Magistrate;

# A Gazetted Officer;

# Sarpanch of the Village;

# Manager of the Bank in which the Bank Account of the claimant is maintained; and

# Notary Public, etc.

(d): As per the provisions contained in the Employees’ Provident Funds Scheme, 1952, claims of a member, completed in all respect, is to be settled within 30 days of its receipt in the office Employees’ Provident Fund Organisation (EPFO).