How Can We Resolve EDLI Compliance Issues in an EPF Exempted Organization?

In the case of an EPF Exempted Organization, there was a failure of compliance pertaining to EDLI. The company has not availed of 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 regarding this, how can we close this non-compliance and resolve the issue? Is it necessary and possible to pay any insurance for the previous completed years?

No insurance company will provide you with backdated insurance coverage. Therefore, you need to talk to the PF department, pay the charges for the previous years, and file late returns. In fact, when you speak to your PF Consultant, they will advise you on the steps to take.

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