How Can Companies Sign Up for EPF? Connect 2 Payroll Management Solution in India by ESI PF Consultant in Ahmedabad.
Step 1: Click "Establishment Registration" on the EPFO website.
Step 2: The page for the Unified Shram Suvidha Portal (USSP) will be shown. Select "Sign Up."
Step 3: After selecting "sign up," you will be prompted to provide your name, email address, and phone number. A verification code will be sent to you when you enter the cellphone number. In the appropriate field, type the code.
Step 4: Next, find the "Registration For EPFO-ESIC v1.1" option after logging into the USSP.
Step 5: Select the option to "Apply for New Registration." Two alternatives will be displayed to you:
1. The 1952 Employee Provident Fund and Other Provisions Act
2. The 1948 Employees' State Insurance Act
Step 6: Select "Miscellaneous Provision Act 1952 and Employees' Provident Fund" and click "Submit."
Step 7: Fill out the EPFO registration form with information about your branch, employment, establishment, and other facts.
Step 8: Include your digital signature to complete the procedure.
USSP will send you an email as soon as your request is registered.
Important Records for EPF Enrollment
To finish the PF registration procedure, employers and workers must provide a few papers. See them below:
1. For Workers
Information about a bank account (account number, branch name, and IFS code).
PAN and Aadhaar number
Proof of address
2. For Companies
For partnership businesses, a copy of the partnership deed
Certificate of Corporation (for both private and public limited businesses)
Memorandum of Association (for both private and public limited businesses)
Articles of Association (for both private and public limited businesses)
Society registration certificate (for societies)
A copy of the society's goals and regulations
Initial sales invoice
Details about the partition
A copy of the balance sheet
Details of employees' salaries
Connect 2 Payroll Management Solution in India by ESI PF Consultant in Ahmedabad. An EPF account is considered dormant if no contributions have been made to it within three years after the last one. The funds will be transferred to the "Senior Citizen Welfare" Fund, which is overseen by EPFO, if the whole deposit in a dormant account is not withdrawn within seven years of the account being designated as "dormant."
One excellent strategy to accumulate a sizeable corpus for your post-retirement years is through the Employees' Provident Fund (EPF). To make sure that no account goes dormant or inactive, make sure to maintain your UAN active and link it to all of your previous and current member IDs. In the event that you change employment, use the following instructions to move funds from an old account to a new one. To cover significant costs, you might also choose to withdraw all or a portion of the money.