Fund’s registration has the basic motive of securing some assets or savings for the time after your retirement working in the private sector. Two of them are gratuity funds and provident funds.
These types of funds financially aid the private sector employees after their retirement from work; and
These are the funds which the workers receive as a Lump sum amount by the respective company in which he/she is employed in. It accumulates as time passes and it is payable by the company based on the time employee has served (over and above the 6 months normally). It depends upon the highest of the salary at the recent time before the employee leaves the company. The reason could be retirement, death, or completion of service.
It is termed as a gift or reward for loyal and productive service for a specific time that is more than at least 6 six months of service. After the formation of the Labor Laws Amendments Ordinance, 1972, this ordinance has changed itself into a legal commitment. Now, the workers serving a company for more than 12 months can claim this as lawful obligation.
It is another common fund that is for the benefits and perks of retirement of the employee. The company negotiates the Provident Fund amount as a Trust and then moves to the sub-registrar for registration.
Trust companies are liable here to collect the employer's & Employee’s contribution amount on monthly basis. They then, invest this contribution in different profit-gaining projects and securities.
It is vey difficult for the working women to visits the government offices, my friend suggest me about this amazing website which safe my time and money by their extra ordinary services.
Rizwan Akhter - Client
If someone don't know the process then is 100% possible that people will guide him wrongly but registationkarday.com take the complete responsibility of your registrations, which is graceworthy without any doubt.
Sami Uddin Qureshi - Client
It was very difficult to visit so many different locations for a single registration, but now it is not difficult at all because of registatingkarday.com, very impressive service best of luck for the future.
Abdul Mannan - Client
