EPFO has published a SOP to be followed by entities exempted from EPF Act, 1952. Exemption from the operations of the EPF Scheme is granted to an establishment by the appropriate Government to manage the Provident Fund of its employees within certain conditions and obligations. This Standard Operating Procedure aims to delineate the process of compliance to be done by the exempted/relaxed establishments managing their own trust and the regulations thereof on the conditions and obligations as per the statute.
The Standard Operating Procedure lays down the compliance terms of the exempted establishments managing their own PF Trust and further describes EPFO’s methodology to monitor and regulate the compliance of the Exempted/Relaxed Establishments. It covers within its ambit establishments which have been granted:
- Exemption under Section 17(1) of the EPF Act, 1952.
- Exemption under Section 17(2) of the EPF Act, 1952 (read with Para 27A and Para 27 of the EPF Scheme, 1952).
