CAG raps EPFO for slow recovery, legal lethargy

Dec 19 2012, 03:58 IST
Comments 0
SummaryThe Comptroller & Auditor General, in an interim report, has slammed Employees’ Provident Fund Organisation for slow recovery of dues following court orders and delays in filing criminal cases against companies that don’t deposit workers’ PF dues in time.

for district courts at 16,262.

The interest payment due to EPFO for late remittances by companies, as mandated under Section 7Q of EPFO Act, amounted to R303.23 crore in 2010-11.

In contrast to the huge arrears, EPFO recovered R219.79 crore by attachment and sale of properties of defaulting establishments.

Single Page Format
Ads by Google

More from India

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...