Corporates in India are above statutory regulations. The Case of Sathyam is an example. The discrepancy between the number of employees and the number of PF account at Satyam became public knowledge after the scandal and still Pf office did nothing about it. The truth is that the process of making a complaint or litigation process regards to PF are not favourable to account holders.
The bulk of the teachers in Private Institutions surrender their original certificates at the time of getting an appointment. They will get their certificates back only if they sign 'no due' for settlement at the time of cessation of employment. PF is in fact not a safety net. Instead it is a dangerous pit and it will cost one his/her job if they show more awareness on it.
From India, Madras
The bulk of the teachers in Private Institutions surrender their original certificates at the time of getting an appointment. They will get their certificates back only if they sign 'no due' for settlement at the time of cessation of employment. PF is in fact not a safety net. Instead it is a dangerous pit and it will cost one his/her job if they show more awareness on it.
From India, Madras
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls