Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,991.7051.6
Stock Analysis, IPO, Mutual Funds, Bonds & More

EPFO recovers Rs 459 crore PF dues out of Rs 1,251 crore outstanding in 2018-19

The total backlog or outstanding provident fund dues of EPFO during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha.

PTI|
Jul 17, 2019, 04.20 PM IST
0Comments
Getty Images
money-getty-6
New Delhi: Retirement fund body EPFO has recovered Rs 459.81 crore out of Rs 1,251.44 crore pending provident fund dues during 2018-19, Parliament was informed on Wednesday.

The total backlog or outstanding provident fund dues of the Employees' Provident Fund Organisation (EPFO) during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a written reply to the Rajya Sabha.

For realising the arrears under provident fund, various steps are taken by the EPFO under sections 8B to 8G of the Employees' Provident Funds and Miscellaneous Provisions (EPF and MP) Act, 1952, the minister said.

These steps include attachment and sale of the movable or immovable property of the establishment or the employer; arrest of the employer and his detention in prison and appointing a receiver for the management of the movable or immovable properties of the establishment or employer.

Besides, the government takes further action under section 14 of the EPF and MP Act, 1952 for filing of prosecution cases against the defaulting employers before the appropriate courts of law.

Similarly, the minister said the steps are taken to recover the amount from defaulting employers as per the provisions of section 45 C to 45 I of Employees' State Insurance (ESI) Act, 1948.

He said that prosecution cases are also filed against such defaulting units / employers as per provisions of ESI Act, 1948 and IPC (Indian Penal Code) in the appropriate Court of Law.

As on March 31, 2018 total 1,007 prosecution cases are pending against defaulting employers under the ESIC (Employees State Insurance Corporation).

Also Read

Hotel Saravana Bhavan defaults on ESI, PF dues

Didn't transfer power employees' PF to DHFL: Akhilesh

Domestic help, others may get PF benefits

Coal mines PF body to invite fresh bids for fund managers

4 ways to link PF account with Aadhaar

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service