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It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.
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NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.ngo database, ngo funding agencies, ngo india, indian ngos, international ngos, ngo training institutes
, financial management related ngos, legal aspects related ngos, fcra related ngo, income tax related ngo, registration related ngo,
provident fund related ngo, grants management in ngo, hr related ngo, developement jobs in ngo, consultants in ngo, admin related ngo,
vehicle management in ngo, travel related ngo, contracts in ngo, ngo news

Provident Fund

How to start your own P.F.Trust

Setting up of your own Trust:           To set up your own trust, you should have at least 100 employees.   Then you          have to apply to RPF Commissioner.  The commissioner may grant you       permission if:                              

   there are more than 99 employees in your organisation.                                      

• the rate of contributions provided in the Trust is at least equal   to   the PF  Act                             

  Employees will get at least a s much benefits as under the PF    Act                                               

  The benefits will be mainly provident fund, pension or gratuity. You will also need  to get the PF Trust approved under the Income tax Act.  Both     these procedures can be time consuming. Lengthy and tiring.  NGOs with weak      hearts should consult their doctors before setting up a PF trust.          

How to  Run the Trust                                

• Provisions of the Act remain applicable to the trust                                                  

• The PF Dept may lay down addl. Conditions                               

• You have to establish a board of trustees for the provident      fund                    

• Terms and conditions of service of members of the Board of                                    Trustees   should be    clear                                                         

• Detailed accounts for each employees PF should be kept                                               

• Various returns , including income  and exp account and   balance  Sheets have to be filed regularly                                                         

• Trust accounts have to be audited  each year                                                         

• PF money can be invested only according t Govt. rules                                         

 • Admin. Exp of the trust have to be borne by the NGO.                         


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