Employment, Labour and Benefits
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Effective Management and Regulation of EPF-Exempted Establishments: EPFO Releases SOP
On 6 October 2023, the Employees’ Provident Fund Organisation (EPFO) released a Standard Operating Procedure (SOP) for management and regulation of establishments that are permitted to operate an exempted private provident fund trust under the provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act).
NAPS 2.0 Key takeaways from the new scheme for engagement of apprentices
By way of a notification dated 25 August 2023, the Ministry of Skill Development and Entrepreneurship, Government of India, issued Guidelines for Implementation of National Apprenticeship Promotion Scheme-2 (NAPS-2), which will replace the previous version of the scheme (NAPS-1) with effect from the above-mentioned date.
Ushering in an era of objective inspections: EPFO implements a streamlined SOP
On 31 July 2023, the Central Analysis and Intelligence Unit (CAIU) of the Employees’ Provident Fund Organisation (EPFO) released the Standard Operating Procedure (SOP) for inspection of establishments (July Circular) covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act). The July Circular was issued to give effect to the SOP set out in an earlier circular dated 21 March 2023 (March Circular), which in turn found its roots in an old circular dated 26 June 2014 (2014 Circular).