The Employees Provident Funds and Miscellaneous Provisions Act

Short title, extent and application

Definitions

Establishment to include all departments and branches

Power to apply Act to an establishment which has a common provident fund with another establishmen

Power to add to Schedule I

Employees‟ Provident Fund Schemes

Central Board

Executive Committee

State Board

Board of Trustees to be body corporate

Appointment of officers

Acts and proceedings of the Central Board or its Executive Committee or the State Board not to be invalidated on certain grounds

Delegation

Contributions and matters which may be provided for in Schemes

Employees' Pension Scheme

Employees' Deposit-linked Insurance Scheme

Laying of schemes before Parliament

Modification of Scheme

Determination of moneys due from employers

Review of orders passed under section 7A

Determination of escaped amount

Tribuna

[Omitted.]

Appeals to Tribunal

Procedure of Tribunals

Right of appellant to take assistance of legal practitioner and of Government, etc., to appoint presenting officers

Orders of Tribunal

Deposit of amount due, on filing appeal

Transfer of certain applications to Tribunals

Interest payable by the employer

Mode of recovery of moneys due from employers

Recovery of moneys by employers and contractors

Issue of certificate to the Recovery Officer

Recovery Officer to whom certificate is to be forwarded

Validity of certificate and amendment thereof

Stay of proceedings under certificate and amendment or withdrawal thereof

Other modes of recovery

Application of certain provisions of Income-tax Act

Fund to be recognised under Act 11 of 1922

Protection against attachment

Priority of payment of contributions over other debts

Employer not to reduce wages, etc

Inspectors

Penalties

Offences by companies

Enhanced punishment in certain cases after previous conviction

Certain offences to be cognizable

Cognizance and trial of offences

Power to recover damages

Power of court to make orders

Special provisions relating to existing provident funds

Act not to apply to certain establishments

Authorising certain employers to maintain provident fund accounts

Power to exempt

Transfer of accounts

Act to have effect notwithstanding anything contained in Act 31 of 1956

Liability in case of transfer of establishment

Protection of action taken in good faith

Presiding Officer and other officers to be public servants

Delegation of powers

Power of Central Government to give directions

Power to make rules

Power to remove difficulties


PRELIMINARY


1[7Q. Interest payable by the employer.--The employer shall be liable to pay simple interest at the rate of twelve per cent. per annum or at such higher rate as may be specified in the Scheme on any amount due from him under this Act from the date on which the amount has become so due till the date of its actual payment: 
 
Provided that higher rate of interest specified in the Scheme shall not exceed the lending rate of interest charged by any scheduled bank.]

LAWGIST

# 7Q Interest payable by the employer