Inoperative Account rules govern dormant provident fund amounts, returned payments, and excluded contributions under the scheme. Amounts due under the Employees' Provident Funds Scheme are transferred to an Inoperative Account where they relate to unremitted supplementary contributions, dormant accumulations after retirement, migration or death, or payments returned undelivered and unclaimed for thirty-six months. Payment of any balance is made by debit from that account. Amounts arising from litigation, establishment default, or undelivered claims not attributable to the member are excluded from transfer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inoperative Account rules govern dormant provident fund amounts, returned payments, and excluded contributions under the scheme.
Amounts due under the Employees' Provident Funds Scheme are transferred to an Inoperative Account where they relate to unremitted supplementary contributions, dormant accumulations after retirement, migration or death, or payments returned undelivered and unclaimed for thirty-six months. Payment of any balance is made by debit from that account. Amounts arising from litigation, establishment default, or undelivered claims not attributable to the member are excluded from transfer.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
