Employees' Provident Fund &
Miscellaneous Provisions Act, 1952 is social security legislation for the
future benefit of employees & their dependents; in case of unfortunate
incidents occurring in the future. Every establishment which is a factory
engaged in any industry in which 20 or more person is employed.
EPF Registration has to be done
within One month from the date of reaching 20 employees. Any delay in EPF
Registration may result in a penalty. Those establishments which do not have the
prescribed number of employees but willing to register themselves to provide
the benefits of Provident Fund to their employees can register voluntarily with
the Regional Provident Fund Office. i.e. covered voluntarily registration.
This will also help to all newly
started sole proprietorship firms as a proof of registration their business
while open a Bank Account of firm.