Application for validation of option / joint options – scrutiny of information and wage details submitted by the employee and employer
Contents News/Article Date: 23rd April 2023
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952;
Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both].
Applicable to which State: All the establishments in the States with PF – Pension coverage
Type: EPFO Circular No. Pension/Supreme Court/Judgement/HPM/2022/405 dated 23rd April 2023 issued to Regional PF Commissioner – I (Pension)
Pertains to: Establishments and Members of PF / Pension Fund
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Now Karma Global is also fully into labour compliances for nearly 18 years and is helping both establishments and workers for fulfilment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on pan India basis. Recently, it has diversified into foreign shores as well, into countries like US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment and governance.
And in this instance: EPFO’s letter dated 23/4/2023 speaks of the steps for online facility available up to 3/5/2023 and also the steps for scrutiny and the parameters for scrutiny and the category of scrutiny, ending with monitoring mechanism and grievance.
Subject: Application for validation of option / joint options – scrutiny of information and wage details submitted by the employee and employer
Attached is the notification