EPFO HAS EXTENDED THE DEADLINE FOR FILING PF RETURNS USING AADHAAR-SEED UANS TO SEPTEMBER 2021
The Employees’ Provident Fund Organization (EPFO) has extended the deadline to seed the Aadhaar number with the universal account number (UAN) for filing electronic challan-cum-returns until September 1, 2021, in a circular dated June 15, 2021.
Following a labour ministry notification, the EPFO decided to make Aadhaar seeding mandatory.
- On May 3, 2021, the labour ministry issued a notification directing the ministry and its agencies to seek Aadhaar numbers from beneficiaries under the Social Security Code.
- With effect from 03.05.2021, Section 142 of the Code on Social Security, 2020, has come into force.
- Section 142 of the Social Security Code mandates the use of an Aadhaar number to verify the identity of an employee, unorganised worker, or any other person seeking benefits or services under the Code.
- Employers would have extra time to link their employees’ Aadhaar numbers to their PF accounts or UANs.
- With effect from June 1, 2021, electronic challan-cum-returns (ECR) will be allowed to be filed only for those members whose Aadhaar numbers have been seeded and verified with UANs, according to the Authority.
- When filing ECRs, the Aadhaar number must be linked with the UAN.
The UAN (universal account number) is a 12-digit account number assigned by the Employee Provident Fund Organisation to each employee who makes EPF deposits.
The UAN’s purpose is to ease the process of using PF account services including withdrawals, PF loans, and checking EPF balances easier and more comfortable for account holders.
MCA ENABLES BOARD MEETINGS VIA VIDEO CONFERENCING.
The change to the Companies (Meetings of Board and its Powers) Rules, 2014 has been notified by the Ministry of Corporate Affairs (MCA) in a Notification dated June 15, 2021.
The aforementioned change has been notified to remove the ban on conducting Board Meetings via Video Conferencing/Other Audio-Visual Means for certain agenda items. MCA had approved a phased relaxation from the aforesaid prohibition until June 30, 2021, to resolve the problems faced by corporations conducting Board meetings during a Covid pandemic breakout. The limitation has now been permanently removed.
The Companies (Meetings of Board and its Powers) Amendment Rules, 2021 could be named such. They will take effect on the date they are published in the Official Gazette. Rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 is repealed.