Will EPFO extend deadline to apply for higher pension from EPS?

Regulatory

May 15, 2023

Sanket Jain

May 3, 2023 is the last date to apply for a higher pension from the Employees’ Pension Scheme (EPS). However, eligible employees are still confused about the application process and the replacement mechanism and are awaiting clarifications from the Employees’ Provident Fund Organisation (EPFO).

Since critical issues remain unresolved, employees are hoping that the deadline to apply for higher EPS pension will be extended.

In this article by The Economic Times, our Partner Sanket Jain suggests that it is wiser to keep trying to make the application within the given deadline and await further instructions from the authorities.

Read the full article below –

https://lnkd.in/dBR_jHA5

Author

Sanket Jain

Mergers and Acquisitions: advised on strategizing and structuring acquisition of entities and slump sale transactions including various legal aspects of transactions in the education, media and entertainment, healthcare, etc. provided guidance on regulatory approvals, disclosures and corporate governance issues, etc. and due diligence of companies operating in various sectors. This includes a wide variety of earn-out and deferred consideration transactions. Private Equity and Venture Capital: advised major investors, offshore and domestic private equity houses, start-ups and venture capitals on the entire cycle of making investments in diverse industries such as brokerage, hospitality, etc. till their exit including due diligences, structuring, regulatory advice and post-transaction support. General Corporate and Commercial Contracts: advised on formation and maintenance of entities and procedural requirement and documentation for private placement, rights issue, sweat equity and ESOP allotment. Advised on issues related to exchange control regulations, SEBI regulations, Companies act, etc.

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