Atma Nirbhar Bharat Abhiyan Part-3

Due to prolonged lockdown announced by the Govt. to control the spread of COVID-19 and other disruptions due to pandemic, establishments covered under the EPF & MP Act, 1952 are distressed and unable to function normally and pay the statutory contributions in time. Considering the difficulty faced by the establishments in the timely deposit of contributions or administrative charges due for any period during the lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay. Circular dated 15.05.2020 has been issued to Field Offices of EPFO containing instructions to the effect that no proceeding shall be initiated for levy of penal damages in such cases which is available under TAB “COVID-19” on the home page of EPFO website. The aforesaid step shall ease the compliance norms for 6.5 lakhs EPF covered establishments and save them from liability on account of penal damages.   Last Updated: 18th May 2020 This article is contributed by:  Munesh Gaur Manager, Legal  
 

Tag: Covid 19, Lockdown