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Labour Laws Central Ministry of Labour and Employment Employees' Provident Funds and Miscellaneous Provisions Act, 1952

Issuance of Standard Operating Procedure (SOP) for Cancellation of EPF Exemption

30-Oct-2023 | No. E-III/10(167)2021/SOPforcancellationofexemption/1613

EPFO has is issued Standard Operating Procedure (SOP) for Cancellation of EPF Exemption. Key Highlight are as following: 1. The SOP standardizes administrative procedures for cancelling EPF Exemptions under EPF & MP Act, 1952, outlines documents, formats, channels, and timelines, and establishes monitoring, feedback, and stakeholder management mechanisms. 2. The Standard Operating Procedure aims to outline the process for securing workers' interests in exempted establishments, establish a definitive protocol for the process, and streamline cases of exemption cancellation for closed or liquidated establishments, ensuring a timely presentation of CBT views to the government. 3. The establishment is responsible for promptly communicating any legal status changes to the RPFC, providing the annual report and audited accounts within 6 months of the financial year's closure, and instructing Depository Participants to transfer entire investment holdings upon communication. Please refer to the attached document for more information.

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