New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An establishment with what minimum numbers of employees

    is required to register for Employee Provident Fund (EPF) on mandatory basis?
    A 10 Correct Answer Incorrect Answer
    B 20 Correct Answer Incorrect Answer
    C 50 Correct Answer Incorrect Answer
    D 100 Correct Answer Incorrect Answer
    E 200 Correct Answer Incorrect Answer

    Solution

    Employees Provident Fund (EPF) is a scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of the Employees’ Provident Fund Organisation (EPFO). EPF registration is mandatory for all establishments- which is a factory engaged in any industry having 20 or more persons, and to any other establishment employing 20 or more persons or class of such establishments which the Central Government may, by notification specify on this behalf.                                                                                                                                     An establishment with less than 20 employees can also register voluntarily.

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