The Employees Provident Fund Organisation, vide Press Release dated June 27, 2018, has approved the proposal for provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal a member can avail 75% of the total fund (including employee as well as employer share) standing to the member’s credit with interest thereon.
[Release ID: 1536665]
Get all EPFO Updates in one place, Subscribe us to never miss an update from EPFO, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program. Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo
Adnan's Legal & Regulatory Blog 