Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Inquiry into lapses in PF accountscases to 7 yrs
Last Updated : 07 Dec 2012 05:05:03 PM IST
EPFO
File Photo:EPFO

 

Initiating an inquiry against employers for lapses in maintaining EPFO accounts would become difficult, with the retirement fund organisation imposing a time bar of seven years for such probes.

The norms, which were issued by Central Provident Fund Commissioner (CPFC) R C Mishra on his last day in office (November 30), seek to modify the provisions that often result in harassment of employers and establishments.
     
However, unhappy over the circular, the Trade Unions have decided to to press the government for its withdrawal.
     
But, in a worker friendly move, the circular also sought to redefine the meaning of "basic wages" for the purpose of provident fund deductions.
     
It said: "All such allowances which are ordinarily, necessarily and uniformly paid to the employees are to be treated as the basic wages".
     
It did not, however, specify the allowances which should be included in 'basic wages'.
     
According to the circular, the inquiry against employers can only be initiated after, "actionable and verifiable information," is placed for consideration before the compliance officers.
     
The EPFO would also not take action against employers who fail to deposit dues of unidentified workers into the PF
accounts.
   
"There shall be no assessment without identifying individual members in whose account the fund is to be credited," the circular said.
 
The employer, it said, would be required to make available online the complete history of the establishment for the benefit of compliance officers.
 
The information to be provided should include the amount remitted and the number of employees engaged by the establishment. 

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

super luxury car maker Rolls-Royce is gearing up to tap the country's Billionaires with ne

Coming-of-age drama 'Boyhood' won three of the biggest awards at the BAFTA 2015 but it was

Sunny Leone is seen scorching the screen in the first look of Leela with her bold acts.

Samsung unveiled the Galaxy S6 and Galaxy S6 Edge at Mobile World Congress in Barcelona, S

Reality TV star Kim Kardashian reportedly wants Beyonce to buy a house in her gated commun

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a

Pharma tycoon Dilip Shanghvi surpassed Mukesh Ambani as the world's richest Indian with a

When Holi is round the corner, can anyone forget all-time hit Bollywood songs?

In an interim order, the Bombay High Court has restrained the city police from arresting o

Good news for the fans’ of Salman Khan and Deepika Padukone.

Reality TV star Kim Kardashian has posed nude for the upcoming 10th season of 'Keeping Up

Bollywood superstar Akshay Kumar and Actress cum Entrepreneur Shilpa Shetty Kundra have pa

Kashmir witnessed season's heaviest snowfall as the arterial Jammu-Srinagar National Highw

Mexican actress Stephanie Sigman has joined Monica Bellucci and Lea Seydoux as the new bon

Luxury carmaker Mercedes-Benz launched the all-new compact B-Class in both petrol and dies

Bollywood actor Poonam Pandey, gets relief as a local court in Bengaluru quashed a case pe

Automaker Renault India launched the new generation Duster priced at Rs 8.30 lakh (Delhi e

Now Bollywood A-list actors are competing to get nude on-screen.

The 2015 edition of the International Indian Film Academy Awards is set to enthrall Bollyw

India defeated Zimbabwe by six wickets chasing 288 runs target in World Cup Match.

Urvashi Rautela is an Indian actress, and model who appears in Bollywood films.

In a shocking incident, an infant died of suffocation after her 25-year-old mother alleged

Asus India launched the successor to their much-loved Zenfone range in the Asus Zenfone 2,


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.45