Key Points
's managing director and four other officials for allegedly failing to credit the deducted 12 per cent of employees' share in their..
"Managing director Ajay Singh and director Shiwani Singh, independent director Anurag Bhargava and two other officials Ajay Chhotelal Aggarwal and Manoj Kumar are responsible persons for the conduct of the business of the establishment as per Ownership Declaration Form 5A submitted to EPFO," according to the FIR copy accessed by PTI...
The FIR states that at least 12 per cent of employees' share of PF dues is payable to EPFO under Section 6 of the EPF and MP Act, 1952, and should be remitted to the respective PF accounts of employees/pension fund maintained by the EPFO...
It further mentions that the contribution of employees, amounting to Rs 65,70,62,540 from June 2024 to July 2024, has not been remitted for crediting in the accounts of the employees as Pension Fund contribution within the mandatory 15 days of the close of every month, which is in violation of the requirement of para 38 (1) of EPF scheme 1952 by the aforementioned persons...
It also said that the establishment representative admitted to having made the said deduction during quasi-judicial proceedings (7A inquiry) before the competent assessing officer - RPFC-I and that the employer has cheated the employees and misappropriated the fund, thus committing an offence under sections 316 and 318 of BNS...
