PROVIDENT FUND TRUST CLOSURE BY EMPLOYER

[PRASANTA KHATAI]

Dear All

Please guide on the following :

As an EMPLOYER , we want to know the procedure and formalities for closure of PROVIDENT FUND TRUST being maintained by us.

TRUST is having certain securities and unclaimed amount left over by the EMPLOYEES since last more than 10 years.

What should be the specific line of action to successfuly close and winding of the same with all statutrory compliances,

Thanking You

Prasanta Khatai,

New Delhi

Cell No.98188 30315 

 

AI Summary

Employer Seeks Guidance on Closing Provident Fund Trust Holding Securities and Unclaimed Employee Amounts for Over 10 Years An employer seeks guidance on closing a Provident Fund Trust they maintain, which holds securities and unclaimed amounts from employees for over ten years. They inquire about the necessary procedures and statutory compliance required for winding up the trust. A response from another participant asks if the employer has resolved the issue and closed the trust.