Dear Seniors,
A company is late by 5-6 months as of now in payment of PF liability. In fact nothing have been deposited after February 2015. Some of the employee have resigned/ left /retired during this period. I would like to know the consequences for the following cases arising out of this late payment/ non payment.
1. One employee resigned on March 31, 2015 and got his PF settlement in the month of August 2015. It is assumed that his account has been settled without the contribution of March 2015 since it is not yet deposited. How he will be paid his legitimate claim.
2. Similarly if an employee resigned on May 2015 and transferred his PF without the contribution from March to May 2015. How this 3 month contribution shall be credited to his account.
3. What is the penalty / punishment for such late /non payment can be imposed on the employer if any body raise a complain to the authority.
4. Please note no one was assigned any UAN before they left.
Thanks & regards
A company is late by 5-6 months as of now in payment of PF liability. In fact nothing have been deposited after February 2015. Some of the employee have resigned/ left /retired during this period. I would like to know the consequences for the following cases arising out of this late payment/ non payment.
1. One employee resigned on March 31, 2015 and got his PF settlement in the month of August 2015. It is assumed that his account has been settled without the contribution of March 2015 since it is not yet deposited. How he will be paid his legitimate claim.
2. Similarly if an employee resigned on May 2015 and transferred his PF without the contribution from March to May 2015. How this 3 month contribution shall be credited to his account.
3. What is the penalty / punishment for such late /non payment can be imposed on the employer if any body raise a complain to the authority.
4. Please note no one was assigned any UAN before they left.
Thanks & regards