Section 14B Power to recover damages - Employees Provident Funds Miscellaneous Provisions Act, 1952

What are the Power to recover damages? Section 14B of Employees Provident Funds Miscellaneous Provisions Act, 1952

Power to recover damages are defined under section 14B of Employees Provident Funds Miscellaneous Provisions Act, 1952. Provisions under Section 14B of EPF Act 1952 are :


 

Section 14B of Employees Provident Funds Miscellaneous Provisions Act, 1952 "Power to recover damages"

Where an employer makes default in the payment of any contribution to the Fund the Pension Fund or the Insurance Fund or in the transfer of accumulations required to be transferred by him under sub-section 2 of section 15 or subsection 5 of section 17 or in the payment of any charges payable under any other provision of this Act or of any Scheme or Insurance Scheme or under any of the conditions specified under section 17, the Central Provident Fund Commissioner or such other officer as may be authorised by the Central Government, by notification in the Official Gazette, in this behalf may recover from the employer by way of penalty such damages, not exceeding the amount of arrears, as may be specified in the Scheme.

Provided that before levying and recovering such damages, the employer shall be given a reasonable opportunity of being heard.

Provided further that the Central Board may reduce or waive the damages levied under this section in relation to an establishment which is a sick industrial company and in respect of which a scheme for rehabilitation has been sanctioned by the Board for Industrial and Financial Reconstruction established under section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), subject to such terms and conditions as may be specified in the Scheme.