No need of liquidator’s signature for PF withdrawal: HC

Gujarat High Court has waived the mandatory requirement for the worker of a liquidated unit to obtain signature of the liquidator to withdraw the Provident Fund (PF) amount. This is subject to the condition that he is otherwise able to provide sufficient proof of his identity.

The HC issued the order in wake of a petition by the liquidator of a textile mill of Ahmedabad, which had gone into liquidation. The liquidator had refused to sign the applications of around 5,000 workers stating that he had no power to do the same. Challenging the same, the workers logged a complaint with the Regional PF Commissioner. The PF Commissioner issued notice to the liquidator intending to initiate criminal proceedings against him.

 

Source: http://www.indianexpress.com/news/liquidators-signature-not-needed-to-withdraw-profident-fund-high-court/529250/

 

Also Check: Other Legal Aspects

 

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