Employees Provident Fund (EPF)
Short Writeup
Employees Provident Fund (EPF) is a compulsory savings scheme in Malaysia. Its primary aim is to provide a measure of security for old age retirement to its members. It also provides supplementary benefits to members to utilize part of their savings for house ownership and other withdrawal schemes. EPF is commonly known in the Malay term as KWSP or Kumpulan Wang Simpanan Pekerja.
Departments & Agencies
Employees Provident Fund (EPF)
Statutes & Regulations
Employees Provident Fund 1991
The governing law is Employees Provident Fund 1991. This Act stipulates that every corporation incorporated or registered under the Companies Act 1965, shall, not later than 30 days from the date of its incorporation or registration, notify the EPF Board of such incorporation or registration (Section 40). Any failure to comply with this requirement is an offence.
Effects of non-Compliance
Liability of Directors
Where any contributions remain unpaid by a company, a firm or an association of persons, the directors of such company including any persons who where directors of such company during such period in which contributions were liable to be paid, or the partners of such firm, including any persons who where partners of such firm during such period in which contributions were liable to be paid, or the office bearers of such association of persons, including any persons who where office-bearers of such association during such period in which contributions were liable to be paid, as the case may be, shall together with the company, firm or association of persons liable to pay the said contributions, be jointly and severally liable for the contributions due and payable to the Fund. (Section 46).
LIABILITY OF OFFICIALS OF A CORPORATE
Where an offence under this Act or any regulations or rules made thereunder has been committed by a body corporate, firm, society or other body of persons, any person who at the time of the commission of the offence was a director, manager, secretary or other similar officer or a partner of the body corporate, firm, society or other body of persons or was purporting to act in such capacity shall, as well as such body corporate firm, society or other body of persons, be deemed to be guilty of that offence unless be proves that the offence was committed without his consent or connivance and that he exercised all such diligence to prevent the commission of the offence as he ought to have exercised, having regard to the nature of his functions in that capacity and to all the circumstances. (Section 69).
PENALTIES
Any person who contravenes any provision of this Act or any regulations or rules made thereunder shall be guilty of an offence and if no special penalty is expressly provided in this Act or the regulations or rules made thereunder shall, on conviction, be liable to imprisonment for a term not exceeding 6 months or to a fine not exceeding RM2,000 or to both (Section 60).
FALSE DECLARATIONS ETC
This Act stipulates that any person who -
(a) Makes, orally or in writing, or signs any declaration, return, certificate or other document required by this Act or any regulations or rules thereunder which is untrue or incorrect in any particular; or
(b) fails or refuses to furnish or produce any declaration, return, certificate or other document required by this Act or any regulations or rules thereunder to be furnished or produced,
shall be guilty of an offence and shall, on conviction, be liable to imprisonment for a term not exceeding 3 years or to a fine not exceeding RM10,000 or both. (Section 59).
Forms
Ahli
- Borang Pengeluaran 50 Tahun
- Borang Pengeluaran 50 Tahun
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Borang Pengeluaran 55 Tahun
- Borang Pengeluaran 50 Tahun
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Pengeluaran Dividend Tahunan
- Borang Pengeluaran Dividen Tahunan
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Pengeluaran Hilang Keupayaan
- Borang Pengeluaran Hilang Upaya
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Pengeluaran Kematian
- Borang Pengeluaran Kematian (KWSP 9KM)
- KWSP 9 (KM) – ms 1 (2 salinan)
- KWSP 9 (KM) – ms 2 (2 salinan)
- Pengeluaran Pengeluaran Kematian (Tiada Penamaan)(KWSP 10)
- Borang Pengeluaran Kematian (KWSP 9KM)
- KWSP 10 (KM) – ms 1
- KWSP 10 (KM) – ms 2
- KWSP 10 (KM) – ms 3
- Pengeluaran Kesihatan
- Borang Pengeluaran Meningalkan Negara
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Pengeluaran Meninggalkan Negara
- Pengeluaran Meninggalkan Negara
- Panduan Mengisi Borang KWSP 9B (AHL)
- Senarai Semakan
- Pengeluaran Pekerja Berpencen
- Borang Pengeluaran Pekerja Berpencen
- Panduan Mengisi Borang KWSP 9J (AHL)
- Senarai Semakan
- Pengeluaran Pendidikan
- Borang Pengeluaran Pendidikan
- Panduan Mengisi Borang KWSP 9H (AHL)
- Senarai Semakan
- Pengeluaran Perumahan
- Panduan Mengisi Borang KWSP 9C (AHL)
- Pemberitahuan Pengeluaran Membeli Membina Rumah Atau
Mengurangkan Menyelesaikan Baki Pinjaman
- Senarai Semakan
- Pengeluaran Pesara
- Borang Pengeluaran Pesara
- Panduan Mengisi Borang KWSP 9H (AHL)
- Senarai Semakan
Majikan
- Borang KWSP 6 (Borang A)
- Borang KWSP 7 (Borang E)
- Borang Pendaftaran Majikan-pg2
- Borang Pendaftaran Majikan-pg3
- Borang Pendaftaran Majikan-pg4
- Borang Pendaftaran Majikan
Joint us as a member of JUTALINE, you will enjoy the service of a
group of our professional consultants in providing you with our professional
advise through our web and emails.
Why hassle with the research of the rules and regulations, engage us to
conduct on the necessary research just for you.
Join us now!
|
|
Back |
|
|
