balapmurugan
In the case of EPF Exempted Organization, there was a failure of compliance pertaining to EDLI. Company has not any availed any life insurance or private insurance for about 8 years and has not submitted any returns pertaining to the PF office (Forms 3, 4, 7). As the PF office has issued a notice of this, how to close this non-compliance and come out of this issue? Is it necessary & possible to pay any insurance for the previous completed years?

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Saswatabanerjee
Partner - Risk Management

saswatabanerjee
2383

No insurance company will give you backdated insurance covers.
So you need to talk to the PF department and pay the charges for the previous years and file late returns.
In fact, when you speak to your PF Consultant, they will tell you what to do.

If you don't have a consultant, just speak to the PF department and they will mostly be able to tell you how to close it. But if you are expecting to escape without paying, it is unlikely

From India, Mumbai
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