PF Registration
Employee provident fund is considered as an employee benefit provided as per the scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is monitored by Employees’ Provident Fund Organisation (EPFO) known as the world’s largest social security organisation for the after-retirement benefit of the employee. EPF registration is compulsory for every company, factory or establishment having more than 20 people or more. The ratio of 12% is PF contribution which is distributed equally between the employer and employee in a company. Employee need to register through the website and generate UAN no. which is an individually for one person indicating pf account. EPF is Aadhaar linked and KYC verified. With registering UAN, an employer can not hold or access the account of their employees. Even Employee can keep a track on their employers. The registered number ensures an employee can fully or partially apply for the PF money at the time of need or emergency. UAN no. is track on account which helps EPFO to check out the bank and KYC details easily. Employee provident fund is a great initiative to benefit employees, provide social security and build strong bond or connection between employee and employer.
Benefits
- PF registration helps employees in tax benefits and life-long pension.
- After the death of employee, the family person or nominee entitled to receive the PF amount.
- In the occasion of marriage, medical emergency and education, PF amount can be withdrawn up to 50% of contribution made so far.
- Special insurance benefit given to the members where there is no group insurance scheme in an organisation.
Documents required for PF Registration
Owner's Documents
- 1. Photo
- 2. PAN
- 3. Aadhar Card
- 4. Mobile No & Email Id
Registered Office Documents
- 1. Latest Electricity Bill of Business Address.
- 2. Rent Agreement of Business Address, If Rented
- 3. No Objection Certificate (NOC).
Other Information
- 1. Proposed Business Name.
- 2. Employees Documents; PAN, Aadhar Card & Bank Passbook.
- 3. Copy of Business Registration Certificate e.g. GST, Partnership, Pvt Ltd etc.
FAQ
1What is LPP?
The LPP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008.
2 What are the minimum required partners to start LPP?
Minimun 2 Partners are required to start a LPP. There are no limit on the mximum number of in a LPP.
3How much investment is required to start a LPP?
Unilike a private ltd company no minimum capital required to start a LPP.
4 What is the legal proof of LPP Firm?
A legal proof of LPP is certificate incorporation as well as LPP agreement.
5 What is LPP agreement.?
LPP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted.
6Can I name my LLP whatever I want?
Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC is allot your desired business name if it is unique and not resemblinding with any existing company/LPP.
7 Is DSC required for LPP firm?
Yes, DSC of an authorised director is required while in corporating an LPP.
8 Do you provide this service in my town?
Yes, Charted Help is an online platform serving all over india no matter wherever you are doing your business all you need is internet connection on your mobile or desktop and we are ready to get your done.
9 Do i need to physically present to for the process?
No, You don't need to be a physically present for the process.E-startupindia is an online catering platform all you need is internet connection in your phone/desktop and required document with and we can get the job done no matters even you are present at remotest location of the india.