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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

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Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

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This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Jun 30, 2022

Clarification Regarding Final Withdrawal of EPF for International Worker

By way of an internal Circular dated April 27, 2022 the Employees’ Provident Fund Organisation (‘EPFO’) has clarified the statutory position of Paragraph 69(1)(a) under Paragraph 83 of the Employees’ Provident Funds Scheme, 1952 (‘EPF Scheme’) as per which an international worker may withdraw full employee provident fund (‘EPF’) amount standing to his credit after attaining the prescribed statutory retirement age (i.e., 58 years).

The Circular clarifies that accumulation in the provident fund can be withdrawn by international workers from countries not having a social security agreement with India after they attain the age of 58 years, provided they have ceased to be in employment of an EPF covered establishment.

Thereby, clarifying that such withdrawal facility is not limited to only those international workers who hail from a country having social security agreement with India.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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