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EMPLOYEES PENSION SCHEME

1995

Related Legislation: - PF Act, 1952

OFFENCES

Section Offence Penalty
42 Deducting or attempting to deduct whole or part of employer's contribution from wages. Imprisonment for 1 year and / or fine upto Rs. 5000
42 Fails, refuses or submits a false return / statement / document. Imprisonment for 1 year and / or fine upto Rs. 5000
42 Obstructs any Inspector or official or fails / refuses to produce any record for inspection. Imprisonment for 1 year and / or fine upto Rs. 5000
42 Guilty of contravention of non-compliance of any requirement of the Act Imprisonment for 1 year and / or fine upto Rs. 5000
5 Default / delay in payment of contribution Depending on period of default rate of damages as % of arrears per annum varying from 17% to 37% are payable.