Monday, June 30, 2014

Employers can register online, get PF code OUR BUREAU source businessline

Employers will no longer have to chase officials and files to get a PF code with the Employees Provident Fund Organisation (EPFO). They can now register online and will be allotted a PF code number, said Labour Minister Narendra Singh Tomar, who launched the online registration system that can be used by establishments, here on Monday.
“This will clear hurdles, such as bureaucratic delays, and hopefully portability of the code number will also happen soon,” Tomar said.
At present, establishments have to file physical applications with the region office concerned to register and get a PF code number, which would take a minimum of 20-25 days.
The online system will also ease the process of ‘Doing Business’, on which India ranks 139th globally, Labour Secretary Gauri Kumar said on the occasion.
The online portal contains all the necessary instructions for filling up of the form along with checklists. On completion of the registration process, the PF code number will be allotted online after verification of the PAN number entered by the applicant within a day, the Labour Ministry said.
The Minister also hoped the EPFO would achieve other tasks assigned to it for the first 100 days such as allocation of Universal Account Number (UAN) to over eight crore members of the retirement fund, which has a corpus of over Rs 5 lakh crore. In April this year, EPFO had said it would allot UAN to its active members by October 15.
(This article was published on June 30, 2014

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