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Narendra Singh Tomar Launches Online PF Code Allotment System

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Capital Market
Last Updated : Jun 30 2014 | 11:54 PM IST
The Union Minister for Steel, Mines and Labour & Employment, Narendra Singh Tomar has launched the online registration system for allotment of Provident Fund Code Number, which can be used by establishments in New Delhi. On the occasion, he said that his Government was committed to provide better services to stakeholders. He congratulated the Employees' Provident Fund Organisation (EPFO) for achieving one of the tasks given by him regarding provision of this facility. He hoped that EPFO will also achieve other tasks assigned to it for first 100 days, including the allocation of Universal Account Number to the members of the fund.

On the occasion, the Union Minister of State, Vishnu Deo Sai said that this facility will make the establishment registration system easy and transparent. The Secretary, Ministry of Labour & Employment, Gauri Kumar was also present on the occasion.

It was observed that earlier establishments which had to take a PF code number were required to make a physical application and submit the same at the PF office concerned. This sometimes led to avoidable delays in getting the code number. With the introduction of the new facility, such establishments can register themselves online through a link provided in the Organisation's website. All the necessary instructions for filling up of the form and checklist have been provided online. On successful completion of the registration process, the PF code number will be allotted online after verification of the PAN number entered by the applicant within a day. This is also done by the system without manual intervention. A dashboard will be provided on the website to track the status of applications.

The adoption of this new process would drastically cut short the time required for getting code number and it is a part of the commitment of the Organisation to be more responsive to the needs of the stakeholders by utilizing technology. This is also expected to address the criticism that establishments face many hurdles and bureaucratic delays in starting their businesses in the country and therefore this initiative would help in establishing a business-friendly and pro-compliance environment.

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First Published: Jun 30 2014 | 4:58 PM IST

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