ranjan

 The issue of   increasing the PF pension to its subscribers who are surviving at Rs. 1,000/- p.m. pension at the present time of inflation is getting momentum. Govt. is considering taking steps to increase the revenue on account of PF subscriptions by various steps. I would like to share my views on the same.    As per EPF Act, it is mandatory for any organization employing 20 persons or more to register under the EPF scheme. If less than 20 are employed, company can opt to register under the scheme.  The working of this condition is quite different. It  often so happens that when more than 20 persons are to be employed, new companies gets floated by the some company with some other name and thus new employees get appointed in that new company. Such companies do not have any locus - standi or may be doing some other business, to be named as shell companies..  By doing in this manner, they save employer's contribution to PF on the one hand and depriving such employees of the benefi