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Provident Fund Withdrawal Request Letter

The document is a letter from a former employee requesting full payment of outstanding salaries and provident fund from their previous employer, Vetracom Pvt Ltd. The employee resigned in August 2020 and is owed 5.5 months of unpaid salaries totaling Rs. 192,500 as well as Rs. 118,396 from their provident fund. The letter cites the relevant section of the Companies Act and requests payment within one week to avoid legal action.

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100% found this document useful (1 vote)
177 views3 pages

Provident Fund Withdrawal Request Letter

The document is a letter from a former employee requesting full payment of outstanding salaries and provident fund from their previous employer, Vetracom Pvt Ltd. The employee resigned in August 2020 and is owed 5.5 months of unpaid salaries totaling Rs. 192,500 as well as Rs. 118,396 from their provident fund. The letter cites the relevant section of the Companies Act and requests payment within one week to avoid legal action.

Uploaded by

Souban Javed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

Mr.

Chief Executive
Vetracom (Pvt ) Ltd
Complete address
Karachi
Phone No
Cell No

Subject: Application for full and final payment of outstanding salaries and full
and final payment of provident fund and other end of service benefits as per rules
after acceptance of my resignation as Content Executive

Respected Sir,

It was a matter of honour and previldge for me to have been appointed and joined as
a Content Executive as on 27.01.2016.

After serving your esteemed organization, i resigned as on 12.08.2020.

My resignation was accepted.

Since acceptance of my resignation, my seven and half (7 and 1/2) months salaries
were due (@ Rs.35,000/- per month), out of which two months salaries were paid and
rest of five and half (5 and 1/2) months salaries (@ Rs.35,000/- per month) are
still outstanding from your esteemed organization despite lapse of considerable
time. The total outstanding amount of salaries due Rs192,500/-.

Further I have not been paid a single penny from Provident fund. According to the
email received as on December 2018, the balance at that time was Rs.118,396/. Copy
of mail is attached for your ready reference.

In view of all above facts, it is earnestly requested to pay full and final payment
of outstanding salaries i.e. five and half (5 and 1/2) months salaries (@
Rs.35,000/- per month) and full and final payment of provident fund and other end
of service benefits as per law, rules and regulations.

I am fully confident that it will be very much in your knowledge that your esteemed
organization have to pay ull and final payment of outstanding salaries i.e. five
and half (5 and 1/2) months salaries (@ Rs.35,000/- per month) and full and final
payment of provident fund and other end of service benefits as per law, rules and
regulations.

Futher, it will also be in your knowledge that according to section 218 of the
Companies Act, 2017, which is reproduced as under:

218. Employees’ provident funds, contributory


retirement funds and securities. (1) All moneys or securities
deposited with a company by its employees in pursuance of their contracts of
service with the company shall be kept or deposited by the company within
fifteen days from the date of deposit in a special account to be opened by the
company for the purpose in a scheduled bank or in the National Saving Schemes,
and no portion thereof shall be utilized by the company except for the breach of
the contract of service on the part of the employee as provided in the contract and
after notice to the employee concerned.

(2) Where a provident fund, contributory pension fund or any other


contributory retirement fund has been constituted by a company for its employees or
any class of its employees, all moneys contributed to such fund, whether by the
company or by the employees or by both, or received or accruing by way of
interest, profit or otherwise from the date of contribution, receipt or accrual, as
the case may be, shall either—
(a) be deposited—
(i) in a National Savings Scheme;
(ii) in a special account to be opened by the company for the
purpose in a scheduled bank; or
(iii) where the company itself is a scheduled bank, in a special
account to be opened by the company for the purpose either in
itself or in any other scheduled bank; or
(b) be invested in—
(i) Government securities; or
(ii) bonds, redeemable capital, debt securities or instruments issued
by a statutory body, units of collective investment schemes
registered as notified entities with the Commission, and in listed
securities including shares of companies, bonds, redeemable
capital, debt securities and equity securities, subject to the
conditions as may be specified.

(3) Where a trust has been created by a company with respect to any
provident fund or a contributory pension fund or any contributory retirement
fund referred to in sub-section (2), the company shall be bound to collect the
contribution of the employees concerned and pay such contributions as well as its
own contributions, if any, to the trustees within fifteen days from the date of
collection, and thereupon, the obligations laid on the company by that subsection
shall devolve on the trustees and shall be discharged by them instead of
the company.

(4) The trustees of provident fund, contributory pension or retirement


fund shall have appropriate representation from the members of the funds.
219. Penalty for contravention of section 217 or
218.—Any contravention or default in complying with requirements of sections
217 or 218 shall be an offence liable to a penalty of level 1 on the standard scale
and shall also be liable to pay the loss suffered by the depositor of security or
the
employee, on account of such contravention.

Sir, hope you will pay full and final payment of outstanding salaries and full and
final payment of provident fund and other end of service benefits as per law /
rules within a period of one week i.e. 22.10.2021.

In view of all the above, it is being advised in your very own interest to arrange
and
pay the balance amount full and final payment of outstanding salaries and full and
final payment of provident fund and other end of service benefits as per law /
rules within a week's time from
the date of issuance of this legal notice on or before 22.10.2021, failing which I
will start exercising all legal remedies as warranted under the law without further
notice to your good self inclduing but not limited to:

a. File an application in the court of legal jurisdiction against non payment of


full and final payment of outstanding salaries and full and final payment of
provident fund and other end of service benefits as per law / rules.g/h"

b. To make a complaint before Securities and Exchange Commission of Pakistan,


Islamabad stating therein all facts and make a request to take stern against your
good self and your private limited company.
c. Any other legal action as warranted under the law.

All above legal action(s) will be taken solely on your cost and risks and you will
be responsible for the same.

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