EPF Registration

EPFO is a statutory body governed by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. Organizations those have more than 20 workers are compulsorily to register their business entity under EPF.

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What is EPF?

Eligibility for EPF

Benefits of EPF

Process of EPF Registration

Documents Required for EPF Registration

Overview of Private Limited Company Registration

A Private Limited Company is a privately maintained small business existence, which is one of the highly recommended means to start a business in India. The Companies Act 2013 governs private limited company registration in India.

While, minimum 2 shareholders are required to start a private company, while the higher limit of members are 200 as per the Companies Act, 2013. If a private limited company faces financial risk, its shareholders are not subject to sell their personal assets, i.e. they ought to have limited liability.

  • A registered private limited company increases the credibility of your business. A registered private limited company increases the credibility of your business. A registered private limited company increases the credibility of your business.
  • Help owners from personal liability and protects from other risks and losses.
  • Draws more customers
  • Ease in obtaining bank credits
  • Offers limited liability to preserve your company’s assets
  • Greater funds supplement and more attractive stability
  • Enhance the potential to grow big and expand

Starting a private limited company offers many advantages. Some of them are as follows:

Limited Liability
The responsibility of the members of a private limited company is restricted to their share only as the private limited company is a separate legal entity.
Separate Legal entity
A private limited company is a separate legal entity which posses all the rights to sue or to be sued. It acts an artificial person which can buy a property on its own name.
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For resgistering to the EPF account, first we have to Login into EPFO portal and read the user manual in detail. There is a requirement to obtain DSC for the registration. Thereafter the employer will fill all the details. By which, an UAN is generated. Lastly, activate an email link for the EPF account registration.
The employees need to login into the member portal by visiting the EPFO website by entering the 12 digit UAN number and the password.
EPF is mandatory for any organisation who has employed 20 people or more requires to register with EPFO. EPF is also mandatory for those earning basic wages of less than or up to Rs 15,000.
The amount paid to an employee without adding any extras such as various allowances, bonus etc is a basic salary. Those earning basic wages more than 15000 per month, for them EPF is not mandatory.
When an employee applies to get EPF claim online, then it takes 5-30 days to get the PF amount into the bank account.

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